1.06.2009

Sale "close?"

Cubs.com is reporting the Tribune Company is "close" to selecting the winning bid for Cubs ownership.

From the article (emphasis mine):

The Chicago Tribune reported on Tuesday that the company had been evaluating bids since early December and could make a decision within a week to 10 days.

The three prospective buyers include Chicago real estate investor Hersch Klaff; the Ricketts family, founders of online brokerage TD Ameritrade Holding Corp.; and a group led by Marc Utay, a New York-based private equity investor.

The buyer would still have to be approved by a three-quarters vote of baseball owners. A bankruptcy judge also may have a say in the process because the Tribune Co. filed for Chapter 11 protection on Dec. 8. The Cubs were not included in that filing.


I just hope the sale gets done, and the organization is in good, capable hands.

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