Argonaut owners Howard Sokolowski and David Cynamon. (file)

BY WEB STAFF
sportsnet.ca

Toronto Argonauts owners Howard Sokolowski and David Cynamon will either sell the team to B.C. Lions owner David Braley by the weekend, or they will remain in charge for the 2010 season.

Cynamon was on The FAN 590 Thursday morning and updated the Argos ownership situation.

"[The sale to Braley] possibly could happen in the next few days," Cynamon said. "In the next few days, Howard and I, which is our real wish, could still own this team. But one thing we’re committed to is, that one way or another, it’s finalized this week..."

If Braley purchases the Argos, who posted a CFL-worst 3-15 record and missed the playoffs for a second straight year, the optics could potentially be embarrassing for the CFL. Not only would one man own 25 per cent of the league, it would also create an obvious conflict-of-interest situation.

Surprisingly, there's nothing in the CFL's constitution preventing one person from owning two different teams. There's also plenty of support within the board of governors for Braley having two separate franchises.

A resolution of the ownership issue would certainly be a welcome development for the Argos, who've yet to settle on a head coach and are anxiously attempting to sell season-ticket packages. Last week, the club offered its head coach's job to Montreal offensive co-ordinator Scott Milanovich but he opted to remain with the Grey Cup-champion Alouettes.

Whoever is hired as coach will be the club's fourth in two seasons and take over a squad that's 7-29 over that span.

with files from Canadian Press