7/6 Cubs sale

The Cubs may have a new owner soon. According to the Chicago Tribune website, Tribune Co. apparently has reached a deal to sell the Cubs and Wrigley Field to the Ricketts family, a source familiar with matter said Monday.

The two sides finalized a sale agreement over the weekend and have forwarded the contract to Major League Baseball, the source told the newspaper.

The deal must be approved by other baseball owners. With Tribune Co. operating under Chapter 11 bankruptcy, the sale also will need court approval.

The source said the sales price is “close” to the $900 million bid the Ricketts family offered earlier this year that won an auction for the baseball team, stadium and a 25 percent stake in Comcast SportsNet Chicago, a regional cable television sports network.

 — Carrie Muskat

4 Comments

So, basically, this article says nothing. Great job of reporting C.M., as always…

It would surprise me if this doesn’t go through. I just posted my own take on it on my Cubs blog “Prose and Ivy”. New ownership brings a lot of unknown variables along with it. Wonder what the Ricketts family has on the horizon for the Cubs if this thing goes through. One thing I do agree with? If I had $900 million dollars accessible to me, I believe I’d spend it the exact same way.

Ryan
Prose and Ivy
http://onedayatwrigleyac000000.mlblogs.com/

So, basically, jolietcubfan, C.M.’s blog blurb said all there was to be said: The Tribune’s Web site had a story. Turns out, based on Tuesday’s coverage (including the Tribune’s very own), the reality was this: It wasn’t quite The Story We and You Are Waiting For at all. Like wars, this is a process, folks. I’d wager when peace is declared, everyone, presumably including C.M., will know — and get it right — at the same time.

So relax.

Just let us know when there IS a new owner, WHO the new owner is and WHEN he/she fires Jim Hendry.

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