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
it.

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.

 

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Comments

I watched a very over-the-hill Edmonds struggle in San Diego. If the Cubs scouted him, they should have seen it, too.

The SunTimes' GREG COUCH just officially consigned FELIX PIE to the Cubs' pile of flopped top prospects.

http://www.suntimes.com/sports/couch/948348,CST-SP...

that's kinda like bill o'reilly calling something liberal.

when's couch not tearing something down or declaring things finalized?

decent article, but littered with his usual extreme writing and some "what-if's" that are declared stone cold realities.

seems he writes a "oops, i screwed up when i said earlier..." article for every handful of rants he goes off on.

This centerfield thing is getting ridiculous. Thirty five years since we had Monday out there and we still haven't found a good one. One year of Dernier being decent, one year of Walton being decent and that's it.

I think in 85 or 86 we had Dave Lopes in center for awhile, when he was 72. One year even Leon Durham got a few chances there. I think that was 82 or 83. I guess Lofton was good for half a season. Other than that, nothing.

Maybe we can bring back Mitch Webster.

Patterson was good for half a season (before his injury).

.298 / .329 / .511

What, you didn't get enough stability from Jerry Morales and Jerry Martin?

Sosa was acquired with the intent to start him in CF and he gave us a full season at CF I believe. And then pushed to a corner OF slot by Tuffy Rhodes.

Didn't Morales play more leftfield than center? I was thinking he was around at the same time as Monday, at least the first time he was here.

Patterson was good for half a year and Lofton for the other half. One good year in center between the two of them anyway.

We had the same problem finding someone for 3B since Santo and we finally got ARam. I'm confident we'll work out CF before long.

For the love of Harry Caray, somebody please change that "Featured Post" picture... I wanna head butt my monitor every time I see it.

EDIT: Looks like it changed write after I wrote this. I AM A GOD!

What an improvement! She's got a much better center field.

I am enjoying her right and left myself

Perhaps the pic should be moved to the TCR Approved Section of the website.

so you can buy those on Amazon?

Great typo from BleacherReport.com:

"Edmonds will likely clean waivers Wednesday after being released by the San Diego Padres recently."

From MLB to cleaning waivers -- you'd think Edmonds would have saved some of his salary over the years.

Here's the link: http://bleacherreport.com/articles/22967-MLB-Rumor...

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  • yes, those hamilton WAR numbers are very reasonable. i'm on your side now based on that biting commentary and reasoning of why he's a 3.5-ish WAR player over a 600 PA season.

    those numbers are obviously well deserved and worthy of no scrutiny...none at all. no issue.

    CF D is rarer than a jon lester pickoff at 2nd...totally irreplaceable...no way in hell there's good D, low/no-hitting CF's in anyone's minor league system that could do what hamilton is doing.

    crunch 6 min 25 sec ago view
  • Please do not discuss War here. I think the Cub Reporter should be politics free.

    But yes, whether you support War or Peace...Mike Trout is ridiculously consistent and good.

    blockhead25 1 hour 44 min ago view
  • ^^^#WARTruther

    Rob G. 1 hour 56 min ago view
  • "According to FOX Sports' Jon Morosi, Tim Tebow's baseball workout Tuesday in Los Angeles will be attended by scouts from "roughly half" of the 30 major league teams."

    "One scout told ESPN.com last week that Tebow's swing is so long it might "take out the front row." That's not a good thing."

    crunch 4 hours 27 min ago view
  • MyrtleBeachPelicans [email protected]

    The #MBpelicans and @Cubs have extended their PDC through 2020!
    ----
    Carolina League getting 2 new teams too.

    QuietMan 4 hours 46 min ago view
  • CF WAR is ridiculous...billy hamilton is pulling a 3.0 WAR somehow...and managed a 2.0 WAR last year (even though he missed a month of the season)...and a 3.7 WAR in 2014.

    yeah, a lot depends on how one is doing relative to others at a given position, but WAR is common used (right or wrong) as a blanket comparing all kinds of players.

    trout's one of the best, and at this point should probably win over donaldson (and should have more MVPs in the past, too), but the defensive aspect of valuing WAR still needs more tweaking...imo.

    crunch 4 hours 52 min ago view
  • Rob G. 5 hours 25 min ago view
  • Don't know if Cubs will recover from "spanking" Gordo

    http://chicago.suntimes.com/sports/cubs-sent-home-...

    jacos 7 hours 58 min ago view
  • 2nd in defensive WAR, NL.

    6th in NL in RBI

    Go complain about something else, like, "they never play good against the good teams", or some other shit.

    The E-Man 20 hours 24 min ago view
  • Addy really has trouble breaking through .250 BA -- after his hot streak got him to .251, he has gone 1-for-17.

    billybucks 21 hours 40 min ago view
  • Thank goodness for Jansen's 2 WP on Friday -- otherwise this would have been a sweep.

    billybucks 22 hours 24 min ago view
  • There seems to be a direct correlation with overconfidence in the Cubs offense against mediocre/young pitchers and really poor offense against mediocre/young pitchers. So, let's fear the Pirate pitchers!

    billybucks 22 hours 24 min ago view
  • Rizzo due for a power surge -- one HR in August so far. He truly does hit them in bunches.

    billybucks 22 hours 26 min ago view
  • Sometimes I'm not as supportive of Cahill as maybe I should be. There, I said it.

    Jackstraw 22 hours 29 min ago view
  • Rough 8th inning all around -- HBP, Cahill error, Javy's poor decision.

    Oh well - given that the Cubs didn't look like they were going to score, it's better to lose in 9 innings, save the bullpen and get changed for the PJ trip home.

    billybucks 22 hours 29 min ago view
  • Baez still learning

    jacos 22 hours 57 min ago view