Cubs Sale Process Takes One Step Forward, Fifty Million Steps Back
It had been days since we'd heard a new reason why the Cubs-to-Ricketts deal still hasn't been closed, but then on Monday, Crain's Chicago Business ended the wait:
The Ricketts family, whose original bid was close to $900 million, now
believes the real price should be closer to $850 million, a source
said. The sides disagree over the value of the team’s multiyear
contract to broadcast games on Tribune’s WGN network.
At issue is about $40 million to $50 million — roughly 6% of the
original bid, which also includes Wrigley Field and a 25% stake in
regional cable channel Comcast Sports.
Broadcasters pay sports teams for the right to air games. The contract
between the Cubs and WGN, which was inked last fall, might have been
set too low, given that the broadcaster and the sports team have been
owned by the same parent: Tribune Co.
This latest delay comes a few days after the Ricketts family had finally cleared another hurdle on their way to the purchase, securing a $350 million loan from J. P. Morgan Chase & Co., Citigroup Corp.
and Bank of America.
Ricketts...has held separate discussions with a handful of
celebrities to raise money from them and other wealthy Cubs fans
willing to pony up as much as $25 million. In addition to (Bill) Murray, he's
met with Jim Belushi and John Cusack,
said two sources familiar with Ricketts' proposal. The meetings took
place several weeks ago, and sources were not sure if the talks had
SF continues their kickass losing streak (6 games). WAS is suddenly back in the WC competition mix via SF's suck. SF 7.0 games back and WAS 7.5 games back is a hell of a distance for either team to climb at this point in the season.
Nice stuff tonight... Brewers sweep Pirates, 5-3 Giants losing to Rockies 9-2, 5th Dodgers losing 2-0 to SD, early. Corey Seager strikes out in 1st MLB at-bat.
Still taking quite a bit of time
I was running something that probably slowed it down. Should be much better now
Is it me, or is the site taking fo-r-ev-er to load?
Trying to make comments dynamic such that one displays to everyone in the comments section as well as in the recent comments blocks immediately after it's posted (i.e. no refresh required). Second test
It's Magic. http://tinyurl.com/osa2pm2
"never been a fan of using closers in non-save situations." Tie game at home in the ninth, there can never be a save situation. So you're saying, don't use your best reliever today.
Sorry if this was covered in a different thread, but while I overall like this new design, the white type on the dark background is a killer. I may be in the minority on that. But again, nice job.
It was almost like Javy was saying, "see, O&B, same old Javy here." Guy's gotta learn you don't need to swing hard to knock a Chapman ball out of the park. Choke up, dude, follow Rizzo's lead.
The magic number is now 24.
Kershaw uses his 132nd pitch for his 15th K (Marlon Juice Byrd, with the tying run at 2nd), and the Dodgers sweep the Giants. Also, Pirates lose to the Brewers for the 5th straight time. So...with 30 to play, we are 6.5 up on SF (7 in loss column) and 8 up on the Nats, and still in contact (4.5 back) of the Pirates. Man, what a roller coaster the last 2 days -- fantastic stuff.
Schlitter still pitching for Iowa? Guess nobody wanted him?
JOHN B: Pierce Johnson and Rob Zastryzny were likely 2015 AFL candidates (I mentioned them as likely candidates to get assigned to the AFL in an article about the AFL last month) because they are starting pitchers who missed part of the season due to injuries and they need to accrue more innings.
I personally don't think managers use closers enough in tie games in the 9th. The mindset and adrenaline should be just like a save situation. You get the outs, you have a great chance of winning. You don't your team is screwed.