Comment 58150

By CaptainKirk (anonymous) | Posted January 26, 2011 at 12:44:53

To be clear, this could very well be on the up and up, but I think it's important that we know if we're giving financial support to the Tiger-Cats.

Also, to be fair, let's keep in mind that the ownership group, Triangle Professional Sports LLC, that the Tiger-Cats were a part of has been dissolved as of Dec 31, 2010.

But it's not yet known what the new ownership group looks like and for all we know it might still include the Hamilton Tiger-Cats.


"A search of the N.C. Secretary of State’s website does not yet reveal any organizational filings identifying the RailHawks’ new ownership group.

In response to an e-mail query from Triangle Offense, Brian Wellman declined to comment immediately about specifics, citing confidentiality requirements. He did indicate that the sale of ownership should be finalized by the end of next week.

These new filings do not necessarily mean that one or more of the RailHawks’ current owners will not continue to be associated with the club in some capacity. However, they strongly suggest a massive organizational shift, particularly since the club’s corporate persona did not dissolve or change even when Selby Wellman acquired controlling interest from Economides several years ago.

Although the full ramifications of these filings remain to be seen, they seem to herald a resolution to the RailHawks' effort to locate fresh investment in the team. Last July, the ownership group announced a search for up to $1 million in new investment. At that time, Triangle Offense interviewed Wellman:

Asked what the team will do if it can’t find a new investor, Wellman replied, “Bob [Young] and I will keep plugging along. We have a strong belief in professional soccer and where professional soccer is going in America. We think we can make a go of it in this area.”

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