CORNWALL, Ontario - Bernie Villeneuve is still the owner of the Cornwall River Kings - but for how long remains to be seen.
Tuesday was the deadline that the Ligue Nord-Americaine de Hockey had in place for Villeneuve to divest himself of the team, or the league will do it for him.
In an interview with Seaway News Villeneuve said a group of investors met Tuesday night to discuss purchasing the team. Sources indicate the group is made up of four individuals, but Villeneuve would not confirm those details.
"They want me to keep quiet on this," he said. "It's their parade.
"It's moving, but slowly."
By Wednesday morning Villeneuve said all parties were still inching towards a deal, and suggested an announcement - one way or the other - would be made sometime today.
Villeneuve said league president Michel Godin has been in touch with him, urging the Cornwall franchise owner to get the deal done quickly.
Villeneuve has blamed the fact that he has been unable to strike a 50/50 advertising revenue agreement with the Cornwall Colts, a Jr. A team that plays out of the Cornwall Civic Complex along with the River Kings.
Mayor Bob Kilger told Seaway News the city has agreements with both teams and is honouring those agreements.
"I continue to hope the River Kings and Bernie Villeneuve will find a resolution to the outstanding issues that allow him to operate his franchise in Cornwall," said Kilger. "I can assure the residents of Cornwall and the fan base that the City of Cornwall…met all its obligations relative to both the Cornwall Colts and the Cornwall River Kings as tenants in the Cornwall Civic Complex.
"(But) the City of Cornwall is not in the hockey business."