from today's Crain's Chicago Business Journal (9/29):
Cubs bidders face credit squeeze
By Ann Saphir
Sept. 29, 2008
"Wall Street's meltdown threatens Tribune Co. CEO Sam Zell's plan to get top dollar for the Cubs — and he's prepared to delay the sale in response.
Mr. Zell has urged bidders to finance the purchase with debt, which would cut his tax bill on the sale. But buyout loans have become more expensive and harder to come by as credit markets contract, potentially limiting any price offered for the team." ...
for the complete story
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