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

Subscribe to Recent comments
The first 600 characters of the last 16 comments, click "View" to see rest of comment.
  • draft signings are trickling in...rounds 6-9 are signed + a random slew of others.

    http://www.baseballamerica.com/draftdb/index.php

    filter by team.

    crunch 4 hours 15 min ago view
  • Former Major League All-Star Jim Hickman dies at 79

    http://www.tennessean.com/story/sports/2016/06/25/...

    QuietMan 5 hours 19 min ago view
  • Yep...sort of. Matheny says Rosenthal will no longer pitch the 9th, and they will mix/match Oh, Siegrist and Broxton.

    billybucks 5 hours 38 min ago view
  • Duane Underwood now 0-5 with a 5.44 ERA for Tenn. Urp. Warren not sharp at Iowa tonight. When will Cease and Hudson be ready?

    On a positive note, Jiminez with his 10th HR tonight. He has a .924 OPS -- the only player in the league with an OPS over .900. Leads the lead in 2B, SLG and OPS, tied for the league lead in HR and 3rd in Avg. Nice!

    billybucks 5 hours 44 min ago view
  • - The pressure of going for the regular-season wins record is now gone.
    - Joe will come up with more wacky dress-up ideas for the team to wear after they lose their next get-away game.
    - There is more clarity on Spencer Patton.
    - We play the Reds next. They aren't very good.
    - We'll have at least a 9 game lead after today.
    EDIT: - Contreras looks like the real deal.

    Other than that, not much -- nasty stretch. Two ugly losses in the last 4 games.
    Ugh -- give Lackey a 4-1 lead, you hope for better.

    billybucks 7 hours 45 min ago view
  • Joe: "We lost. They beat us. Now where's my '09 Guigal Bordeaux glass...?

    The E-Man 8 hours 42 min ago view
  • I forgot how rail thin skinny Carl Edwards Jr. Is - he threw some nasty stuff - hope that continues

    Eric S 8 hours 47 min ago view
  • HAHAHA! I love it here! Brilliant...

    The E-Man 8 hours 50 min ago view
  • "The pressure of going for the regular-season wins record is now gone."

    Brilliant. Maddon is a genius!

    Brick 8 hours 55 min ago view
  • "Drink copiously but responsibly."

    Done and done. Thanks for that.

    Brick 8 hours 56 min ago view
  • Oil Can Boyd now pitching for the Cubs

    Eric S 9 hours 4 min ago view
  • It's a long season. There will be stretches like this. It's Saturday night. Drink copiously but responsibly.

    Jackstraw 9 hours 12 min ago view
  • That valuable RBIGIDP.

    Brick 9 hours 12 min ago view
  • Someone talk me down here.

    Brick 9 hours 26 min ago view
  • I remember AZ PHIL talking about Bour's power during the Hendry era.

    The E-Man 9 hours 53 min ago view
  • Time to scrap the scouting report on Justin Bour and get a new one. Sheesh.

    billybucks 9 hours 55 min ago view