10/28 Zell bids goodbye to Cubs
The Ricketts family will be introduced on Friday at Wrigley Field as the new owners of the Cubs. They purchased the team, Wrigley Field and a 25 percent share in Comcast SportsNet Chicago from Tribune Co. and Sam Zell for $845 million.
In an interview with Bloomberg Television, Zell was asked whether buying the Tribune Co. was the worst business decision he had ever made.
“It’s certainly the most amount of money I’ve ever lost in a single deal,” Zell said.
As for the Cubs, Zell apparently was unaware of Tuesday’s closing date. He did say he was happy for the Ricketts family.
“I think the team should be owned by somebody who is local, somebody who is really passionate about baseball,” Zell said. “I happen to be local. I’m not passionate about baseball, so I wish them all the best of luck. And maybe we’ll break the 101-year curse.”
– Carrie Muskat