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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  • Hopefully Pirates don't call up A. Lincoln.

    jacos 8 hours 22 min ago view
  • j.buchanan going friday...should be...baseball...or something like it.

    crunch 8 hours 29 min ago view
  • Wow. I didn't know they could do that.

    Nice for Willson, not so much for Addy.

    billybucks 8 hours 46 min ago view
  • Game is officially called...also officially a tie.

    Stats count, no make-up date of course.

     

    Rob G. 8 hours 48 min ago view
  • Yeah -- seeing the weather -- I hope KB and Rizz are inside, wrapped in blankets and drinking hot chocolate.

    billybucks 9 hours 34 min ago view
  • rain delay...thanks obama.

    crunch 10 hours 12 min ago view
  • Thanks again Phil. We actually were in Mesa and drove around. Hopefully, I am back for some Fall League. If not I have all of spring training (like the smart people who move here!)

    rvimpeny 11 hours 16 min ago view
  • What Rob G said.  I can't speak for Piittsburgh, but the other end of the state has had absolute crap weather for two days. Perfect day to take it easy.

    Transmission 11 hours 20 min ago view
  • tarp came off 10 minutes ago...let's do this.

    crunch 11 hours 34 min ago view
  • He will not pitch another game for Cubs

    /Unless injury in playoffs

    jacos 11 hours 51 min ago view
  • ~fart~

    jacos 11 hours 51 min ago view
  • Today is bullpen day

    jacos 11 hours 52 min ago view
  • 10/450 if they win WS

    jacos 11 hours 52 min ago view
  • Carrie Muskat [email protected]
    Even though Hammel is missing start, don't assume he'll not be on #Cubs postseason roster. Maddon says elbow problem isn't that bad

    Carrie Muskat [email protected]
    Maddon on #Cubs postseason rotation: "I don't want to announce anything. We haven't talked to anybody yet"

    Carrie Muskat [email protected]
    Maddon hopes Soler can take BP in Cincy, play in sim game Tue. "All of that should give us some kind of indication of where he's at"

    crunch 12 hours 9 min ago view
  • tarp on the field 40 minutes before gametime...meh.

    crunch 12 hours 12 min ago view
  • travel day + rain in Pittsburgh. Why risk injury?

    Rob G. 12 hours 16 min ago view