Reports are coming out that Montreal has bowed out of the MLS expansion process.
Speculation on the reasons behind this include the fall of the Canadian dollar and the ongoing story of George Gillett's financial entanglement with Liverpool FC.
I guess it makes some sense. Without paying $40 million to MLS, Montreal already has a home and home series with TFC due to the CONCACAF Champions set-up. The present financial environment makes agreeing to pay money now for a spot in a league three years from now a risky gamble.
Toronto fans wanted the rivalry with Montreal and it may still happen longer term. The economic downturn is the storm cloud over sports right now. I think that MLS will both survive and thrive in this climate as their economics (with the exception of LA) are based on selling affordable tickets and they have less luxury box traffic and TV advertising dollars to lose than the big boys (NFL, NBA, MLB and NHL). Not that I would give them my $40 million right now .....