1981 Montreal Alouettes season

The 1981 Montreal Alouettes finished the season in 3rd place in the East Division with a 3–13–0 record. They appeared in the East Semi-Final, where they lost to the Ottawa Rough Riders 20-16. After the season the Alouettes folded after owner Nelson Skalbania lost $2 million, and the CFL revoked the franchise from him with the team now heavily in debt.

Offseason
The Alouettes were purchased by Nelson Skalbania. Skalbania proceeded by signing four NFL stars. His biggest acquisition was Los Angeles Rams quarterback Vince Ferragamo (who appeared in Super Bowl XIV) to a $300,000.00 contract. The other NFL stars included Wide Receiver James Scott, Kick Return specialist, Billy White Shoes Johnson, and Running Back David Overstreet.

Regular season
Despite the high profile talent, the Alouettes finished the season with only 3 wins. Skalbania lost two million dollars and the CFL revoked his ownership.