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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  • Cards still haven't been punished for hacking, "unlikely" to happen before June draft. http://bit.ly/1U8sEYL

    CubbyBlue 10 min 35 sec ago view
  • i'd settle for him knocking it out the park...not settle, prefer...yeah.

    crunch 1 hour 29 min ago view
  • I'm sure she'll knock it out of the park.

    Old and Blue 4 hours 42 min ago view
  • Nice article on Willson Contreras in the DesMoines Register

    http://www.desmoinesregister.com/story/sports/base...

    Cubster 5 hours 3 min ago view
  • Julianna Zobrist will sing national anthem (Memorial Day) at Wrigley today.

    Tribune interviews her...

    http://www.chicagotribune.com/sports/baseball/cubs...

    Cubster 5 hours 8 min ago view
  • Any word on Neil Ramirez?? Today is his 10th day where they have had to have done something with him, or are they not count today because it is a holiday??

    cubbies.4ever 6 hours 54 min ago view
  • if they dont win at least 130 games this season they can pack it all up, turn wrigley into a concert venue, and move the damn team to san jose.

    #Bernie130orBust

    crunch 16 hours 26 min ago view
  • I see where catcher Cael Brockmeyer was promoted to Tennessee a couple of days ago, to fill a roster spot vacated by David Freitas, recently promoted to Iowa. Caratini is the other catcher at Tennessee.

    VirginiaPhil 16 hours 29 min ago view
  • They've already clinched a minimum winning percentage of .607 for the month, and that's only if they lose the last 2 games. If they win both, they can push that up to .679. So much for "stumbling" in May. When you're winning over 60% of your games, you're doing baseball well.

    John Beasley 17 hours 43 min ago view
  • If the best walk-off hit possible is a solo home run in a zero-zero game--Eloy did it tonight!

    (But maybe it's a grand slam when your team is down three? He didn't do that.)

    Number eight for Jimenez. His team is 31-17. Yesterday they scored 17 runs against Lansing. Two weeks ago it was 15 runs against the same team. This is a nice team, South Bend. The Cubs must have had a good draft last year.

    Tonight the pitchers were Sands, Brooks and Effross.

    VirginiaPhil 17 hours 50 min ago view
  • RIP Zoobrest.

    crunch 19 hours 24 min ago view
  • He'll be fine. He's not some wimpy young pup.

    Old and Blue 19 hours 53 min ago view
  • In all seriousness the Cubs have the fewest amount of games played in the NL which means they're gonna be facing quite the grind later on including 24 games in a row at the end of June and beginning of July so I hope he does get a few days off.

    johann 21 hours 50 min ago view
  • Meh. He only got one hit today. Maybe give him a rest?

    Old and Blue 22 hours 25 min ago view
  • 34-14...awww yeah.

    crunch 23 hours 22 min ago view
  • Good thing the Cubs have five left-handed batters in the lineup. Velasquez is just tearing thru the righties [edit - doesn't seem to faze Bryant!]

    Eric S 1 day 43 min ago view