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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  • as a fan, he only "owes" us the game on the field and not getting in the way of others on his team being ready to play (imo).

    it's exponentially worse to his family and friends, but this dude most likely had 15+ years of play left and even though he just turned 24 a couple months ago he had already established himself as a top guy in the game.

    crunch 5 min 48 sec ago view
  • Carrie Muskat [email protected]

    Updated #Cubs probs vs Pirates: Mon, Hendricks vs Kuhl; Tue, Lackey vs Vogelsong; Wed, Arrieta vs Taillon; Thu, Zastryzny vs Nova

    crunch 28 min 16 sec ago view
  • I know what you're trying to say, Charlie, that none of us feels what his loved ones must be feeling.

    On the other hand, what makes a death like this tragic is precisely the loss, based on Fernandez's youth and brilliance, to the baseball world.

    So, for example, we can say that Princess Diana's death meant more, in aggregate, to millions of admirers who didn't know her personally than to her loved ones.

    VirginiaPhil 29 min 10 sec ago view
  • boston pitching snags a couple of mlb team records...

    "Over nine innings of play, Boston's staff struck out 11 straight Tampa Bay Rays hitters Sunday, breaking the major-league record for most consecutive strikeouts in a game.

    The previous record was held by former New York Mets right-hander Tom Seaver, who struck out 10 straight hitters in 1970.

    Not only that, but with a strikeout to end the ninth, sending the game into extras, Boston's staff also struck out an MLB-record 21 batters over nine innings."

    crunch 53 min 47 sec ago view
  • What a loss to baseball, which I'm sure pales in comparison to the personal loss to his loved ones.

    Charlie 2 hours 37 min ago view
  • Somehow I am sensing alcohol was involved. The highest number of boating accidents by a wide margin...

    The E-Man 3 hours 21 min ago view
  • crunch 5 hours 3 min ago view
  • Reports this morning that Marlins' pitching ace Jose Fernandez died in a boating accident - just horrible news.

    Eric S 8 hours 55 min ago view
  • Check out John Arguello at Cubs Den for great analysis & photos from Cubs AZ Instructs

    link

    Arizona Phil 21 hours 10 min ago view
  • soler + hammel for mike trout is pretty much a sure thing. *nods*

    crunch 1 day 2 hours ago view
  • 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

    Eric S 1 day 2 hours ago view
  • And...now that runner scores on a single...

    The E-Man 1 day 2 hours ago view
  • So where do you think Soler will be traded to this off season?

    jacos 1 day 2 hours ago view
  • 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??

    The E-Man 1 day 2 hours ago view
  • Man you cannot put Soler out there late in games for Playoffs. Yuch...

    The E-Man 1 day 2 hours ago view
  • Such is the life of a fatted calf...

    JoePepitone 1 day 3 hours ago view