From today's Crain's Chicago Business:
Baseball commissioner sees heated bidding for Cubs
April 27, 2007
"(AP) — Bidding is certain to be fiercely competitive when the Chicago Cubs go up for sale at the end of the season, but baseball's commissioner stressed that all offers will have to go through Major League Baseball first." ......
"The team is a ``month or two away'' from getting any prospective buyers, Selig said. " ....
"Cubs parent company Tribune Co. earlier this month accepted an $8.2 billion buyout offer from billionaire investor Sam Zell, who said he will sell the team after the end of the season and use the proceeds to pay down debt.
The announcement puts one of sports' most storied and star-crossed franchises on the block, a year shy of the 100th anniversary of its last World Series title. Analysts have estimated the Cubs could fetch $600 million or more.
Billionaire entrepreneur Mark Cuban, Phoenix sports executive Jerry Colangelo and actor Bill Murray are among those reported or rumored to have interest, along with numerous Chicago business figures."
for complete story and more information see: http://chicagobusiness.com/cgi-bin/news.pl?id=24454
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