Movement In Cubs' Sale Process...Sort Of
As reported by Phil Rosenthal in Friday's Tribune:
(Tribune Company Chairman and Chief Executive Sam) Zell said in a conference call with creditors Thursday he now expects the confidential Cubs figures to be released to potential buyers in the next 10 days or so and a sale to be completed "sometime this year," regardless of what happens in ongoing negotiations with the state over Wrigley, or whatever the park winds up being called.
"You ought to read the latest newspaper because it's all out there," Zell said, noting there continues to be "steady progress" in talks for a ballpark deal. "We're trying to do what is the optimum transaction with the Illinois Sports Authority while simultaneously running with a book on the Cubs going both ways, with or without the sports authority."
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