Non-Sale-of-Cubs Stories Rapidly Gaining on Non-Acquisition-of-Brian-Roberts Stories
With all of the excitement—and by excitment, I mean disgust—over the likely Cubs signing of Jim Edmonds, there wasn't an opening here yesterday to note the snag in efforts to peddle Wrigley Field to the Illinois Sports Facilities Authority.
The Sun-Times reported Tuesday morning that the state agency and Tribune Company owner Sam Zell had failed to reach an agreement because the state's offer relied...
...on a novel and untested financing plan: the sale of
individual seats at Wrigley as if they were condominiums. The idea is
called equity seat rights and has been advanced by Chicago area
business executive Lou Weisbach, who has applied for patent rights on
Zell, Cubs Chairman Crane Kenney and their advisers have concluded
that the equity plan and its tax ramifications would violate both the
Internal Revenue Service code and the rules of Major League Baseball...sources said.
Very late Tuesday night, however, the Tribune reported that the ISFA and Zell will continue their negotiations and that "sources said...the media conglomerate is privately
indicating it might hold off selling the ballclub if the inevitable
need for costly repairs at the antiquated ballpark significantly
discounts the bids it fields for the team."
Tribune Company is due to begin paying down its debt with the banks on December 4th, when a $650 million payment will be required. At one point, it was thought this might ensure the sale of Wrigley Field and the Cubs before the end of 2008. But Zell's recent agreement to sell Newsday, a deal that will net Tribune Company about $630 million in cash, gives the foul-mouthed billionaire the latitude to take his time negotiating the sale of the ballpark and the team.
I forgot how rail thin skinny Carl Edwards Jr. Is - he threw some nasty stuff - hope that continues
HAHAHA! I love it here! Brilliant...
"The pressure of going for the regular-season wins record is now gone."
Brilliant. Maddon is a genius!
"Drink copiously but responsibly."
Done and done. Thanks for that.
Oil Can Boyd now pitching for the Cubs
- The pressure of going for the regular-season wins record is now gone.
- Joe will come up with more wacky dress-up ideas for the team to wear after they lose their next get-away game.
- There is more clarity on Spencer Patton.
- We play the Reds next. They aren't very good.
- We'll have at least a 9 game lead after today.
Other than that, not much -- nasty stretch. Two ugly losses in the last 4 games.
Ugh -- give Lackey a 4-1 lead, you hope for better.
It's a long season. There will be stretches like this. It's Saturday night. Drink copiously but responsibly.
That valuable RBIGIDP.
Someone talk me down here.
I remember AZ PHIL talking about Bour's power during the Hendry era.
Time to scrap the scouting report on Justin Bour and get a new one. Sheesh.
Contreras seems pretty adamant he'll play anywhere Madden wants him to so as long as he stays hot and with all the injuries it'll be pretty nice to have yet another bat Madden can move around.
Rizzo in, Zobrist out, Willson in LF, Montero back and Almora batting 9th ... let's score some runs
Time for Mr. Oh to get some save chances.
Rosenthal does it again! Comes in with a 3-1 lead in the 9th -- double, BB, HR...ballgame.
Very nice win last nice -- could have caved in after the bottom of the first. It would be OK if guys stopped getting hurt, and if SF would lose a few.
Awesome. It wasn't long ago that he was kind of the best prospect coming through the system.