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Bomber CEO Bauer resigns

Hey there, time traveller!
This article was published 17/12/2009 (2656 days ago), so information in it may no longer be current.

WINNIPEG — Winnipeg Blue Bombers staff members were told this morning in a meeting that CEO Lyle Bauer is resigning his post with the team.

Bauer has been with the club in an executive position for 10 years.

Staff members were told this morning Lyle Bauer is resigning.

BORIS.MINKEVICH@FREEPRESS.MB.CA ARCHIVES

Staff members were told this morning Lyle Bauer is resigning.

The Bombers board of directors met this morning and a press conference has been called for 12:45 p.m. and will be carried live on this website.

The team made the post-season in seven of 10 seasons with Bauer in charge and twice they went to the Grey Cup, losing both times.

Bauer took over the franchise in 2000 with it close to $5-million in debt and on the verge of bankruptcy. The club now has money in the bank and close to $5-million in its rainy day fund.

Jim Bell, V.P. of Finance and Administration will be the interim President. The board will conduct a national search for Bauer's replacement.

Head coach Mike Kelly's status with the club, a sticking point between Bauer and the board of directors, remains unknown.

The board will be conducting a national search for a new President and CEO.

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