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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  • Cards and Pirates lose. I'm OK with that.

    billybucks 2 hours 56 min ago view
  • I'm ready for the end of the Miggy era.

    Newport 4 hours 35 min ago view
  • he juuuuuuuuuuuuuuuust got there...1st appearance, injury...yow

    crunch 5 hours 40 sec ago view
  • b.matusz it is.

    crunch 5 hours 2 min ago view
  • Oops. Colin Rea leaves the game with injury.

    John Beasley 5 hours 21 min ago view
  • Cubs optioned Justin Grimm to Iowa after the game. No corresponding roster move announced yet, but it could be Brian Matusz. 

    Arizona Phil 5 hours 22 min ago view
  • Marlins with a quick 4 spot vs Jaime Garcia. Osuna HR the highlight.

    Cubster 6 hours 57 sec ago view
  • Brian Matusz, supposedly he has attachments. Hope it's not like an email with a virus attached.

    https://www.youtube.com/watch?v=DKtNcsXx_y4

    Cubster 6 hours 13 min ago view
  • One thing to remember about Chapman -- he can be magic, but his ERA is higher than Rondon's this year. 100+ mph is fun, but I'd love to see a few more sliders. I think he enjoys the crowd reaction from 103 mph.

    billybucks 6 hours 31 min ago view
  • "Diamondbacks designated RHP Josh Collmenter for assignment."

    aww...he was my 2nd favorite crapballer. his control issues are rather severe at the moment.

    crunch 6 hours 36 min ago view
  • haha

    crunch 6 hours 57 min ago view
  • Wow -- Chapman gives up a hit and everything completely caves in. I think the Cubs went into collective shock.

    Stolen base with the pitcher holding the ball, WP that should have been caught or blocked, then Russell with a 2-out error on a routine play. Cubs handed them 2 runs. Throw in a Fowler bobble and it was a mess.

    Hopefully, that is all out of their system now -- let's get a W tomorrow.

    billybucks 8 hours 6 min ago view
  • First time I've ever seen a base running slump -- he's made some poor decisions recently, but I thought it was a great idea to try to score there -- it's not like Heyward was going to get a 2-out hit against a LHP. Sliding feet-first into home is probably the safe (ugh) way to go, but it's hard to get the foot on the plate.

    billybucks 8 hours 6 min ago view
  • Yup. He got squeezed (twice) on the first walk, but, when you have one-run lead and the other team is trying to make an out -- take the out.

    billybucks 8 hours 22 min ago view
  • Wasn't fun!

    Brick 8 hours 27 min ago view
  • Clearly the Cubs need to clear out the farm and trade for another closer

    Where's Ed Lynch when you need him?

    Eric S 8 hours 28 min ago view