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!!

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  • To take my mind of this latest disaster...wow, I thought baseball money was crazy, but NBA money is now super-wacko crazy. Joakim Noah is 31 with bad knees and absolutely no offensive game. He can't make a layup. The Knicks just agreed to pay him $72M over 4 years. Holy crap.

    billybucks 6 min 25 sec ago view
  • "if"?

    billybucks 10 min 48 sec ago view
  • Thank you, Jason, for allowing me to get to bed at a decent hour. Very thoughtful.

    It will be very interesting to see what Theo does at the deadline. Of course, if Jake doesn't get straightened out, it really doesn't matter. A lot of Jake's comments this year, and his posing for nudie pics in the ESPN magazine, rang some alarm bells -- after one great year (and it was amazingly great), his head has swelled tremendously. Jake, look up the word "hubris", then look in the mirror.

    billybucks 11 min 17 sec ago view
  • ...and we're back from the 3rd rain delay.

    crunch 12 min 20 sec ago view
  • at least the cubs have a decent backup of...ummmm....well the minor league system has...uhhh...hmmm.

    maybe adam warren can manage to throw less than 100 pitches in 5 innings? no?

    well damn.

    crunch 20 min 7 sec ago view
  • Not to worry -- I'm sure Hammel will finish strong in the 2nd half of the season (~sad chuckle, reaches for Scotch bottle~).

    billybucks 25 min 43 sec ago view
  • Hammel has had a rather challenging last month. I am hoping post-break that Hendrix gets pushed ahead of him. They'll be lucky to win a game in NY

    The E-Man 45 min 2 sec ago view
  • hey, alright...cubs losing by 9 and a 3rd rain delay. awesome.

    crunch 55 min ago view
  • If baseball does not work out for Patton, I think he's got a future in Civil War re-enactments. He's got a solid Johnny-Reb look to him.

    Eric S 59 min ago view
  • David Ross - the mound awaits you.

    Eric S 1 hour 6 min ago view
  • RIP jason hammel's awesome ERA.

    10 ER in 4ip...almost a full point tacked on tonight, alone. 5HR given up tonight. oogly.

    crunch 1 hour 9 min ago view
  • Nimmo certainly does not want to see the Cubs leave town. His first MLB rbi last night and now his first HR.

    At least Hammel is eating some innings ... this is the kind of game Peralta should be used if at all.

    Eric S 1 hour 18 min ago view
  • OK, the hell with it.

    It's July 1 -- Hammel starting to suck right on schedule.

    Other than sweeping the Reds -- a bad team actively trying to lose -- this will make 8 losses in 9 games to good teams (Cards, Marlins, Mets). Not good at all.

    billybucks 1 hour 21 min ago view
  • Belicheat a consultant for the Red Sox?

    Eric S 1 hour 42 min ago view
  • And, so, Jason Hammel decides to test my new resolution right away. Sheesh.

    No Wright, no Duda, no Granderson -- no problem for NY. Ugh.

    billybucks 1 hour 48 min ago view
  • game restarting...degrom on the mound, hammel taking his AB.

    crunch 2 hours 9 min ago view