Montréal Wants An NBA Team

A group of busness people in Montréal as well as the Chamber of Commerce, are working to get an NBA team to the city.

At a press conference on Wednesday,  Stéphan Crétier, founding president and CEO of GardaWorld, the key investor in the project, has agreed to put in up to 10% of the value of the new team. 

Champer President and CEO Michel Leblanc announced that his organization would support the group in its efforts to attract investors and spark the interest of league officials. 

The group is currently working on preparing a financial package and is setting up meetings with potential Canadian and foreign investors. 

"Montreal is a city that undeniably has what it takes to host a professional basketball team," said Leblanc. "We have a robust economy, low unemployment, and a high confidence index. It's good news that community leaders are putting forward exciting projects reflective of a vibrant and growing metropolis. The Chamber's role is to rally actors in the business community who want to get involved and invest in such projects and to support them in the process."

The announcement came a few hours before the exhibition game between the Toronto Raptors and the Brooklyn Nets at the Bell Centre in Montreal, where a crowd of about 20,000 is expected.