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
Keith Law chat
"Nick: Speaking of players you were wrong about, do you still like the Jason Heyward contract?
Klaw: Yes, actually."
I gives player a year to get acquainted w whole Cub thing,next year will be more telling.Love the d though.
Saw Tito's comment in the last thread. Thought it was a joke.
Bubble wrap the Cubs
that's not important.
the important thing is the cubs seem to have a new defensive whizz at 2nd base according to the stats...sample size warning and all that...but i have faith in him.
imagine him having to do this 20 times a season. 6.2 innings played, 20 assists, DEFENSE GOLD!
That little switcheroo with Zobrist and Rizzo cost me 2 points in the predictions game--damn it.
We'll always have 1985. Nothing else, but we'll always have that.
Nationals 2B Daniel Murphy likely to miss rest of regular season
RVIMPENY: It's raining today so the Cubs will probably play intrasquad game(s) tomorrow and/or Saturday, but it's pretty much a day-to-day proposition, and a lot of times it's decided at the last minute.
Best bet is to check in at Riverview in the morning and ask somebody what's going on that day.
Thanks Phil, I had the Salt River chart, but based on that, it looks like they hardly play and was not on the Surprise on 9/28...I assume they do not really want fans there anyway? Do you know if they play today, Friday or Sat? Sorry to be a pain, but I am only here until Sunday.
John Arguello at Cubs Den with observations & photos from Tuesday's Cubs instructs intrasquad game:
Guess which one is Vogelberg
Bear fans are so impatient! They signed that great All-American QB out of Columbia--Luckman--just a little while ago, didn't they? Now it's the Eagles' turn. After all, it's been almost ten years since McNabb.
" . . . when he signed Edwin Jackson?"
He makes a lot of moves, people remember the ones that pan out. Kind of like MJ's approach to shooting. When it all shakes out, you get a formidable 25-man roster.
For the rookie hazing "dress up" day, the Mariners made him dress like the Farley Chippendales dancer.
Steven Matz to undergo “imminent” elbow surgery.