Norfolk, Va: The A.F.F.A Virginia Tritons football franchise has been sold to a group from Kentucky, headed by businessman Gary Lossler. Reports indicate that Lossler purchased the franchise for around 27 million dollars, though that figure has not been confirmed.
The previous ownership had planned on folding the franchise after owners voted to postpone the 2016 season for league restructuring. A spokeswoman for the group said it was a decision that had been discussed shortly after the end of the 2015 season. All team office personnel have been informed.
The new ownership group headed by Lossler have made it clear that it is their intention to move the franchise to Louisville, Ky. Lossler stated that the group has reached a multi -year deal with Louisville officials and will call Papa John's Stadium home.
The sell is pending approval from league owners who meet later this month in Las Vegas. The owners are also expected to vote on and approve the Baltimore Bombers request to relocate to Washington DC.
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