Movement In Cubs' Sale Process...Sort Of
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
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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