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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  • wow, billy joel isn't just playing wrigley in-season...it's like 8-10 ballparks or something.

    maybe this will once-and-for-all end this stupid practice once the condition of many playing fields after these concerts are questioned...or maybe they'll learn how to fix fields quicker than they have in the past...or maybe no one will care because revenue is king.

    whatevers.

  • Theo was trying to clear the mess that Hendr left

  • Rick Renteria was a great idea! Seriously! I feel bad for the guy, although it happened the way it had to.

  • Hey, whatta bout me?

    -Ian Stewart

  • ....and Theo thought EJax, Sveum and Ricky were good ideas. Win some, lose some.

  • I thought he was better than Archer?

    /f u Hendry

  • The Padres signed RHP Trey McNutt to a minor league contract...

  • Yeah, she's a good egg. The whole superdelegate thing is shady as fuck though.

  • the perks of being a big fundraiser model representative citizen.

    honestly, though...the dnc could do worse and she's involved in all kinds of dem party stuff.

  • I didn't realize Laura Ricketts is a superdelegate.

  • pretty much...also agree that it wouldn't surprise me to see him land with the cubs, too.

    the trade to free up room for him would be interesting.

    it would help if he didn't play such a mixed-bag CF. he's anything but sure out there with his wacky routes.

    the O's are favored because of links for weeks and they're about to land y.gallardo (giving up that draft pick).

  • holy crap...j.mejia got busted AGAIN for PEDs.

    3rd time...lifetime ban.

    at one point he was the "closer of the future" (and the actual closer) for the mets. 26 years old. unreal.

  • I agree with what you said, but isn't it so weird that the White Sox are not linked to Fowler? They seem like an ideal fit.

  • oddly...or not...fowler's been strongly linked to the O's lately.

  • Olmos takes another 40 man roster Roulette bullet. The new lefty will be gone when Fowler comes back.

  • seen him in the minors...rather boring lefty. really slow secondary stuff (very slow slider) and a fastball that barely hits 90 on a good day.