Watch live coverage now as officials in Montreal give the latest on their plan to land a NBA basketball franchise.
Michael Fortier, former Conservative minister of international trade, and Michel Leblanc, president and CEO of Montreal's Chamber of Commerce, are speaking to reporters.
Fortier said that while NBA commissioner Adam Silver told his group the league has no plans to expand, he's confident it will happen in the future.
Fortier also said that Stéphan Crétier, president and chief executive officer of GardaWorld, would buy a 10 per cent stake in any future franchise.
The announcement comes the same day the Toronto Raptors play a pre-season game against the Brooklyn Nets at Montreal's Bell Centre at 7 p.m. ET.
The game will feature Montreal's Chris Boucher, who is attempting to make the Raptors' regular-season roster.
Boucher said he'll have over 100 friends and family members at the game.