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
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soler + hammel for mike trout is pretty much a sure thing. *nods*
Not an inspired outing by Rondon. Seemingly got ahead of every hitter but had no swing and miss pitch today, slider had no bite.
Somebody give Soler some smelling salts - yeesh
And...now that runner scores on a single...
So where do you think Soler will be traded to this off season?
And right on cue he throws to third with no chance to get runner on 2nd so the batter takes 2nd easily. How long has he been playing baseball??
Man you cannot put Soler out there late in games for Playoffs. Yuch...
Such is the life of a fatted calf...
fowler with a triple in the 4th...he's a HR away from a "natural" cycle
...and contreras takes one off the hand and he's in obvious pain. sigh.
he's staying in the game, though he's wringing his hand out during breaks in the action. aside from that he seems to have no issue giving signs or tossing back to the pitcher.
...and he's batting in the cubs half of the following inning. sweet.
his collapse started on august 21st this season...so it's a slight improvement.
but wow, what a collapse since then...only 2 out of 7 can be considered good/decent.
I'm really going to enjoy watching Hammel watch the playoffs.
The always combustible Jason Hammel
That was fun.
"home field advantage through the playoffs?"
Except for the away games.