Massive news.
This is either really good news or horrific news for the franchise depending on who steps up to buy the franchise.
The current ownership group clearly lacked any ambition to invest in the franchise. Either cheaping out on-field personnel in their early days or going the route of spending on players but totally cheaping out when it came to managing/scouting personnel.
There are a few concerns.
You can bet there are many thirsty business moguls and consortiums down in the USA licking their chops at an opportunity for relocation. I don't think there would be much resistance from Don Garber given the fact we posted the lowest revenue in the league.
A local ownership group would have to be ok with really not inheriting much. There's no soccer specific stadium nor feasible sites to build one. They are stuck at BC Place if they buy the franchise.
The only local guy that I could see realistically buying this franchise is Amar Doman who owns the BC Lions. However, running costs may be too high for him.
Unfortunately I have a sinking feeling this city is about to lose their MLS franchise. It's been the sentiment I've had for a few years due to the overall lack of fan interest along with the fact we are a smallish market that cannot attract a full cast of decent players.