Cub Fans May Have Tribune Company to Kick Around Some More

Two developments on the ownership front:

As reported by Chris de Luca in the Sun-Times and noted by a reader under the previous post, there is z-e-r-o chance that MLB owners will approve beer-drinkin' regular guy/billionaire Mark Cuban as the next owner of the Cubs. According to de Luca, this seems to place "the group headed by John Canning, Jr.—(Commissioner Bud) Selig's personal favorite—back as the frontrunner."

On a related note, Friday's Wall Street Journal reports that Tribune Company may retain 50% ownership of the team anyway.

In recent weeks, an early plan to sell a 95% stake has fallen to about
half as suitors' ability to buy the team and its landmark stadium on
Chicago's North Side waned, according to two people involved in the
negotiations. On Thursday, bidders were preparing to receive a request
to submit new purchase proposals with financing details, those people
said.


The shift in strategy is a result of the tight credit market and a
heightening fear that few, if any bidders, would be able to complete a
transaction once valued at more than $1 billion. Under the new
scenario, the windfall to Tribune would be far less.


"This will still generate substantial cash," said one person with
knowledge of the sales process. "We're talking hundreds of millions of
dollars."


While the Cubs and Padres dance around a possible deal for Jake Peavy, there was another bit of Padres news this week that is very loosely connected to the Cubs.

Matt Vasgersian, who has done TV play-by-play for the Pads since 2002, is leaving San Diego for the job of lead studio host with MLB Network. Vasgersian, who worked Brewers games before heading west, was mentioned as a candidate for the Cubs job when Chip Caray left and was ultimately replaced by Lenny Kasper.

The greater connection between Vasgersian and the Cubs, however, lies in the fact that it was Vasgersian on the mic during a Padres game in May, 2006, when former Cub great Rick Sutcliffe stumbled into the booth (literally) and made his infamous drunken cameo appearance. (Kudos to Gaslamp Ball for retaining this unforgettable piece of baseball history.)

 

Comments

Sorry, I messed up the link to the Sutcliffe audio initially, but you should be able to hear it now...in all of its drunken glory.

You remember that?

~hiccup~

I heard Cuban was close to closing on some property in the northern burbs. Perhaps that's just a tool of his to show Selig that he's going to be around.

Someone may have posted this already but these are the Cubs minor leaguers who filed for free agency yesterday.

Mike Burns (AAA)
Hector Carrasco (AAA)
Adam Harben (AAA)
Billy Petrick (AAA)
Carmen Pignatiello (AAA)
Jason Stanford (AAA)
Matt Craig (AAA)
Robinson Chirinos (A)
Bobby Scales (AAA)
Andres Blanco (AAA)
Luis Figueroa (AAA)
Doug Deeds (AA)
Jason Dubois (AAA)
Josh Kroeger (AAA)
Andres Torres (AAA)

I wonder if AZ Phil can tell us who of these guys he thinks the Cubs should be most interested in bringing back.

I'd think Kroeger, Andres Blanco, Carmen Pignatiello, and Billy Petrick would be toward the top of that list.

I'm sure at least a few of those guys will be back as that was essentially half of the Iowa roster. Piggy and Petrick probably at the top of the list. Kroeger may want to go somewhere where he'll at least get a shot to break as a 4th/5th OFer.

Doesn't Zell have some ownership in the WSux? If a sale doesn't happen soon or if Tribune retains 50% of the Cubs, Isn't it time for them (who ever the powers that deal with this stuff) to force Zell to get off the conflict of interest throne.

Of course, if I'm getting my conflicts wrong then nevermind.

Latoya Hawkins signs 1 year deal with Asstros.

So much for 2009... guess Hendry will have to build for an eye on contending in 2010.

I wouldn't give up just yet. Greg Maddux is still out there, and he would make a great converted closer. Bullpen problems solved!!

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  • First team to 60 wins! Onward to 70, 80, 90 and 100!

    billybucks 7 hours 28 min ago view
  • I. Hate. The. Mets.

    billybucks 7 hours 57 min ago view
  • OK Marlins -- take 'em down. Fernandez, at home, tomorrow for the Fish.

    Gotta say, though -- as much as I can't stand them, the Cardinals have had some very impressive late-inning wins against premier closers.

    billybucks 7 hours 57 min ago view
  • Very impressive that he hit a 3-2 curve ball. Such a dynamic ballplayer. If he ever learns the strike zone....

    billybucks 8 hours 4 min ago view
  • If Jason Hammel doesn't get a potato chip sponsorship deal, somebody messed up. Attaboy, Jason!

    billybucks 8 hours 6 min ago view
  • I am looking forward to AChap facing the Cardinals.

    The E-Man 8 hours 14 min ago view
  • Sure is fun to watch them score finally. To think they were no-hit until the 7th...

    The E-Man 8 hours 26 min ago view
  • Got to admit it - it was comforting seeing Rondon come out for the eighth after just taking a two run lead ... And put the hammer down with a 7 pitch inning. Good stuff

    Eric S 8 hours 31 min ago view
  • GRAND SLAM RUSSELL

    blown the hell open...7 run lead

    crunch 8 hours 33 min ago view
  • 11 hits off Wainwright tonight. Everything going right for the Cards right now. Motherfucking motherfuckers.

    The E-Man 8 hours 42 min ago view
  • it was more no-doubt than bryant's HR. it wont make any end-of-season highlight reels, but that one was booked to leave on contact.

    crunch 8 hours 51 min ago view
  • Javy! Javy! Javy!

    How sweet was that - Cranked it!

    393 happy feet

    Eric S 8 hours 58 min ago view
  • baaaaaaaaaaaaaaaez!

    cubs take a 2 run lead in the 7th. sweet.

    crunch 9 hours 2 min ago view
  • ...and the Cards tie and take the lead in the 9th. off Familia.

    blockhead25 9 hours 6 min ago view
  • Familia blows his first save of the season -- gives up 2 in 9th to the Cards.

    Not much going our way these days.

    billybucks 9 hours 6 min ago view
  • bryant's back!

    no-doubt HR towering to CF...tie game.

    crunch 9 hours 24 min ago view