11/06/2017 12:10 EST | Updated 11/06/2017 13:41 EST

Wally Buono says David Braley plans to own B.C. Lions for entire 2018 season

SURREY, B.C. — It will be status quo at the top for the B.C. Lions in 2018.

Head coach and general manager Wally Buono says David Braley has told him he plans to continue owning the team next season.

Braley bought the bankrupt franchise in 1996, and it's no secret he's been looking to sell for some time.

The 76-year-old said in an interview posted on the Lions' website back in the spring the franchise "has to be sold," but indicated the transaction might not happen before the 2018 campaign.

Buono added today that his status with the Lions will also be determined in the near future.

The 67-year-old, who is the CFL's all-time leader in coaching wins, returned to the sidelines in 2016 and led B.C. to a 12-6 record, but B.C. was just 7-11 this season to miss the playoffs.