The team was owned by the Argonaut Rowing Club for its first 83 years, and has been owned by a series of business interests since 1956. The Argonauts were a fixture on the Toronto sports scene for decades, with attendance peaking in the 1970s. In May 2015 it was announced that a consortium of Maple Leaf Sports & Entertainment's Larry Tanenbaum (via the Kilmer Group) and Bell Canada would acquire the team. The sale included a scheduled move to MLSE run BMO Field for the 2016 season, which has long been proposed given attendance under-utilization at Rogers Centre and announced plans to install natural grass at the domed stadium, rendering it unfit for football. (The move has since been done, albeit only the infield turf replaced with dirt, instead of grass) MLSE announced in December 2017 that it had agreed to purchase the team outright, with the deal finalized on January 19, 2018. The previous owners continue to indirectly own stakes in the Argos, as Bell Canada and the Kilmer Group respectively hold 37. 5% and 25% stakes in MLSE.
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