Movement In Cubs' Sale Process...Sort Of
Submitted by Cubnut on Fri, 04/18/2008 - 8:13am.
As reported by Phil Rosenthal in Friday's Tribune:
(Tribune Company Chairman and Chief Executive Sam) Zell said in a conference call with creditors Thursday he now expects the confidential Cubs figures to be released to potential buyers in the next 10 days or so and a sale to be completed "sometime this year," regardless of what happens in ongoing negotiations with the state over Wrigley, or whatever the park winds up being called.
"You ought to read the latest newspaper because it's all out there," Zell said, noting there continues to be "steady progress" in talks for a ballpark deal. "We're trying to do what is the optimum transaction with the Illinois Sports Authority while simultaneously running with a book on the Cubs going both ways, with or without the sports authority."
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# Re: Movement In Cubs' Sale Process...Sort Of
My guess... Wrigley + Ball club = sells for $1.13 bn
Personally, I hope one owner buys the club & ball park together.
__________________________Ryno
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# Re: Movement In Cubs' Sale Process...Sort Of
Marty and Brantley's email address:
martyandjeff@redsonradio.com
__________________________All right, all right, all right....
# Re: Movement In Cubs' Sale Process...Sort Of
I tried to send to that address, but it was returned as undeliverable.
Thanks for sharing though. I wanted to express my opinions to them since they took the liberty to digress from comments on a few idiots that night to giving the middle finger to all Cub fans with their idiotic generalizations. Reminds me of the Elia episode without the fireworks.
# Re: Movement In Cubs' Sale Process...Sort Of
# Re: Movement In Cubs' Sale Process...Sort Of
Good point Cubnut. Blagojevich's troubles could be a big factor.
Still, Zell pitting the state against prospective owners in hopes of driving up the price of the ballpark is perfectly Zellish. It makes sense that he would give the eventual owner a chance to top the state's best offer for the park.
# Re: Movement In Cubs' Sale Process...Sort Of
I think you'll see much more talk about the sale because Zell is stepping away from his breaking apart of the Cubs and Wrigley. Why would a new owner not want to own the park as well? It doesn't make business sense for the new owner not to have the oppertunity to buy the park with the team.
Zell called out the state, the state worked slowly, and Zell is trying to get leverage, but from here on out, the Stadium Authority is a done dog in this sale. The state has way too many other things going on, so Zell is stuck taking what he can get with the Cubs & Wrigley package....poor baby.
# Re: Movement In Cubs' Sale Process...Sort Of
Sorry Mike. A buddy of mine, who is a Reds fan, sent me that email address this morning.
I'll see what I can drum up.
__________________________All right, all right, all right....
# Re: Movement In Cubs' Sale Process...Sort Of
That's cool. Thanks.
I'm over it anyway...Cubs win today! My weekend is off to a good start.