Sports News

Chicago Cubs sale slow-going

Published: Oct. 9, 2007 at 1:30 PM
Order reprints
CHICAGO, Oct. 9 (UPI) -- The Tribune Co., owner of the Chicago Cubs, reportedly has been delaying the previously announced sale of the team, leaving bidders frustrated.

Bidders submitted applications required by Major League Baseball months ago, but Tribune, which claims it plans to sell the team during the fourth quarter, has made no moves to further the process and may remain in possession of the team well into next year, Crain's Chicago Business reported Tuesday.

"It's maddening," said an adviser to one bidding group who spoke on condition of anonymity.

Tribune has not even decided yet whether the team, Wrigley Field and other related assets will be sold separately or as a package.

"There's no hard deadline, and I don't think that the interest in this asset is going to dwindle," a source familiar with the planning said.

"The groups that you've heard publicly that are interested in this deal, none of them have said, nor do I expect they will say, 'If I can't own it by April 1, 2008, I'm taking my money and I'm going home.'"


© 2007 United Press International, Inc. All Rights Reserved.


EU seizing more counterfeit goods (4 min)
Mubarak:Gilad Shalit to be set free soon (10 min)
Rapid transit buses help the environment (14 min)
Downturn sparks upturn in rentals (18 min)
Israel plans to buy U.S. fighter jets (20 min)
U.S. markets flat on Friday (29 min)
FDIC to assess Citigroup executives (32 min)
fark
The City of Denver would like you to know that they are not issuing more parking tickets just because...
Next up on the Wheel of Media Fearmongering: Ship smokestacks and how they'll kill us all
"Rule 1 for zombies: You have to want to kill people. You have to want to rip someone's throat out....
That bottled water you paid $2 for has less regulations imposed on it than the water piped to a...
Spain's spymaster defends himself from charges of taking expensive vacations at taxpayer expense...
It looks like Canada has a bad case of brain freeze: Manitoba has been named the world's leading...