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!!

Recent comments

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  • Other than the NL East (Dusty!), not much cookin' on division races. I am fine with that.

    billybucks 1 min 59 sec ago view
  • I love winning! It's, like, better than losing?

    billybucks 12 hours 10 min ago view
  • LOLLYGAGGERS!

    Dusty Baylor 13 hours 33 min ago view
  • You lollygag the ball around the infield. You lollygag your way down to first. You lollygag in and out of the dugout. You know what that makes you? Larry!

    Jackstraw 16 hours 17 min ago view
  • Its too bad Warren didnt get to pitch. He would have saved us.

    The E-Man 16 hours 35 min ago view
  • Whoa -- that Contreras play in the 8th looked too much like a "Schwarber" -- nearly crashed into the wall going full speed, with Heyward doing the same.

    New rule: if you are a catcher playing LF, and find yourself sprinting after a fly ball in the gap -- stop, let the CF go after it and get ready to play it off the wall.

    billybucks 16 hours 46 min ago view
  • Cubs have no spark and no life. Pretty boring to watch these days.

    billybucks 18 hours 19 min ago view
  • I thought trips to Miami were supposed to be fun. This one sucked.

    The bottom half of the bullpen now turns close games into blowout losses. Not good.

    Once Fowler went to the DL, the team went into the tank. Wonder if he'll get any love this offseason? Probably not.

    billybucks 18 hours 23 min ago view
  • 6IP, 2ER. The last one scored because of another botched Zobrist DP turn.

    And now, a bad throw by KB. Sloppy.

    billybucks 19 hours 5 min ago view
  • What is it with Hammel always starting well and sucking after a couple months?

    The E-Man 20 hours 39 min ago view
  • Ahhh...sad. Lke a few of you here, I saw him play during the '69-'71 seasons. He was the "hot Zobrist" for the club in August/September of '69 while everyone else was fizzling out...

    The E-Man 21 hours 18 min ago view
  • I predict: "They will play hard and if they give the same effort every day, they'll win a lot of games."

    The E-Man 21 hours 21 min ago view
  • OK, boys -- find a way to win today.

    billybucks 22 hours 15 min ago view
  • There's some BA is missing too, here's all signing bonus BA doesn't have some:

    -6 Hockin $241,000 (slot price), 7 Cruz $75,000 (saved $110,00), 8 Ridlings $120,000 (saved $53,800), 9 Robinson $30,000 (saved $132,300), so far the Cubs have saved an extra $297,100

    cubbies.4ever 1 day 5 min ago view
  • per Muscat...
    Zobrist (2B), Hayward (CF), Bryant (3B), Rizzo, Contreras (LF), Montero, Russell, Coghlan (RF), Hammel

    Cubster 1 day 14 min ago view
  • Also -- despite losing 6 of their last 10, the Cubs picked up a game on both STL and PIT during that period. Weird, given that they swept PIT and were swept by STL.

    billybucks 1 day 14 min ago view