Diamonds and Ice

RoughRiders’ sale dead

Have heard from sources that the proposed sale of the Cedar Rapids RoughRiders to Canadian businessman Gary Gelinas is dead.

Gelinas, who owns a junior team in British Columbia and runs a minor-pro team in New Mexico, had come to an agreement to purchase the local USHL club from current owners Mercantile Capital Partners of Chicago. But before the deal could officially be worked out, OK had to be given by the United States Hockey League.

That did not happen, sources said, with the league questioning Gelinas’ financial viability to run the franchise successfully.

Now it’s back to square one yet again for the RoughRiders. This is the third potential sale that has not gone through. A Chicago businessman was in line to purchase the team last year, but that deal fell through, as did a potential deal with the owners of the NHL’s Philadelphia Flyers.

What this means for the future of the RoughRiders in Cedar Rapids is anyone’s guess, though that future certainly has gotten much more cloudy. The city and Mercantile Capital Partners worked out an extension of an expired lease last year that keeps the team in the City of Five Seasons through next season.

But after that, who knows now?

As soon as we get hold of RR owner Steven Edelson or Gelinas, we’ll let you know what they have to say.


1 Comment so far
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It would be a huge loss to the city if the RoughRiders were to leave Cedar Rapids. I wonder how much longer the ice arena could continue to operate without a major hockey tennant.

Comment by PenaltyBoxKeeper

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