The GM of Montreal Xtreme has sold his team to Anthony Campanella, who initially was rewarded a franchise for the 2010-11 season.
The Terms of the deal are as follows:
$30 payable to Anthony Macri
Anthony Campanella will pay $20 fee at end of the year to the league and whatever Lineup transaction fees are accumulated.
As well, the following is part of their deal. If Montreal Xtreme finishes in the top 3 in upcoming years, then Anthony Macri would get a percentage of winnings based on the following:
15% of winnings for this year,
10% of winnings for next 2 years after this year,
5% of winnings for the next 3 years after that.
The team will be under his control when the monetary transaction has taken place, which I believe will be this weekend if possible.
Mr. Macri and the Xtreme management team would like to thank the SFHL for allowing him to partake in the pool and wishes good luck to the new owner.
The team will be known as the Montreal Xtreme until the end of the year whereby then Anthony Campanella will be allowed to select whatever name and logo he wants.
This deal is the first of its kind in the SFHL, and hopefully the last. Roger Reinoso is still granted an expansion team for next year at this time, but he seemed upset at not being able to secure the Montreal Xtreme, and the SFHL will have to see if he still wants to be a part of the league.
Thank you and have a good night.
Commissioner of the SFHL
& GM of the Rockers
Commissioner of the SFHL and GM of THE ROCKERS