Breaking News: Rich, White Guy Has Chance To Buy Cubs
Crain's Chicago Business reports Thursday that Tribune Company has asked two of the bidders for the team and Wrigley Field to pool their resources and make a combined bid. According to the Crain's source, the two bidders are 58-year-old Chicago native Michael Tokarz (pictured) of MVC Capital Inc., and Sports Properties Acquisitions Corporation, a New York company formed for the purpose of acquiring a professional sports franchise. Sports Properties is headed by Tony Tavares, former president of the Washington Nationals, and Hank Aaron—yeah, that Hank Aaron—sits on its board.
Tribune Company is said to feel that the two bidders' strengths are complementary: Sports Properties' team includes people with baseball experience, and Tokarz, formerly of the legendary New York equity firm, Kohlberg Kravis Roberts, is stinkin' filthy rich.
Also this afternoon, the Tribune reports that the family of Joe Ricketts, founder of Ameritrade, is one of the groups that has advanced to the second round of the sale process.