The Globe and Mail reports in its Thursday edition 65 years after watching his first Toronto Argonauts game, Larry Tanenbaum is taking the storied franchise back home. A Canadian Press dispatch to The Globe says Mr. Tanenbaum, the chairman of Maple Leafs Sports and Entertainment, was introduced Wednesday along with Bell Media as the new owners of the CFL club. They will relocate the 142-year-old franchise to BMO Field, pending renovations to accommodate football, starting next season. A return to the lakefront soccer stadium is significant because it's located at Exhibition Place, the same grounds where the Argos thrived in the 1960s and '70s before relocating to Rogers Centre in 1989. "It's every kid's imagination; you're either playing or owning the team," Mr. Tanenbaum said during a news conference at BMO Field. "I couldn't play, so I'm glad to be able to own the team." Twelve Grey Cup games were held at Exhibition Stadium, the last being in November, 1982, when 54,741 spectators watched the Edmonton Eskimos beat Toronto 32-16. The transaction is expected to close Dec. 31 with BCE and Mr. Tanenbaum working closely with present owner David Braley this season. The Argos will play at Rogers Centre this season.