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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  • The Marlins organization is obviously affected deeply by this. I feel for the people there. And I understand circumstances have changed.

    But retiring his number. Wow. Literally a week ago the rumor mill was fast and furious about how Fernandez was going to be traded this winter, with the front office in response doing almost nothing to deny it. And to turn around and retire his number, just like that, when they obviously felt the organization would have been better long-term without him, just reeks of insincerity.

    John Beasley 1 min 9 sec ago view
  • jose fernandez's number is going to be retired by FLA.

    there's custom jerseys on their way to tonight's game (and hopefully will make it on time). all the marlins are going to wear #16 tonight.

    this still sucks.

    crunch 1 hour 32 min ago view
  • probably saturday depending on what they do with hammel (assuming friday for ham).

    crunch 6 hours 29 min ago view
  • Lester is going to get one more start, right? It sure would be nice to see him get a shot at 20 wins.

    Charlie 7 hours 31 sec ago view
  • Nicely done! I think in my 10-14 games I went .500 or a little over. Strangely, I went to the Cards games they mostly lost (incl Saturday) and the one SF game they lost, plus a couple Brewers games they lost, too. I should have gone to just Reds games. But still - saw mostly very good baseball on the North Side this year. Regardless of what happens come October - the Cubs are positioned for some good times in the next 3-5 years.

    The E-Man 8 hours 24 min ago view
  • Attaboy!

    billybucks 9 hours 17 min ago view
  • First Cub victory at home this year for me!
    1-3
    Saw all four starters this year

    jacos 10 hours 41 min ago view
  • RIP Arnie. We could use a lot more like you -- a man who succeeded and failed on his own terms, a true original, and, finally, a remarkable example of graciousness towards others.

    billybucks 18 hours 36 min ago view
  • Cubs finish 33 over at home. I was, personally, one game over at 3-2, which was one of my better years in a while.

    I do hope that's the last time we see the Cardinals this year. A lot of power, which is dangerous, particularly in a short series, and they have really shut down KB all year.

    Oh, and Jon Lester? Damn!

    billybucks 18 hours 48 min ago view
  • Yes. Boating accident at 3AM. Very sad, but stupid. Young men do stupid things.

    billybucks 19 hours 44 min ago view
  • lester puts 2 on and is taken out at 96 pitches. oh well.

    edwards in.

    crunch 20 hours 28 min ago view
  • 2 out in the 7th, lester at 84 pitches, ross taken out for the standing O.

    it's possible contreras will catch lester for another inning+.

    crunch 20 hours 35 min ago view
  • What a weird day.  Jose Fernandez and Arnold Palmer, but then Scully and, on a much more modest level, Ross....

    Transmission 21 hours 8 min ago view
  • d.ross gets his 2nd standing O on the night (last home game of the season)...hits HR #10...curtain call. baseball.

    crunch 21 hours 11 min ago view
  • as a fan, he only "owes" us the game on the field and not getting in the way of others on his team being ready to play (imo).

    it's exponentially worse to his family and friends, but this dude most likely had 15+ years of play left and even though he just turned 24 a couple months ago he had already established himself as a top guy in the game.

    crunch 1 day 32 min ago view
  • Carrie Muskat [email protected]

    Updated #Cubs probs vs Pirates: Mon, Hendricks vs Kuhl; Tue, Lackey vs Vogelsong; Wed, Arrieta vs Taillon; Thu, Zastryzny vs Nova

    crunch 1 day 55 min ago view