It Might Be, It Could Be, It Is...A Deadline to Bid on the Cubs
Crain's Chicago Business reports Tuesday that prospective purchasers of the Chicago National League Ballclub have been given a deadline of July 18th to submit their initial bids.
Crain's says 10 parties are currently in the running; those ten received the team's financial books last month. The paper's source expects the field to be culled down to four or five finalists following this first round of bids, with the winning bidder being "identified at or near the end of the baseball season (and) a deal closing by year end or very early next year."
Tribune Company has announced it plans to retain 5% ownership of the team, which should be more than enough to ensure that Sam Zell will be able to get a decent seat and a cold Old Style whenever he damn well pleases.