Non-Sale-of-Cubs Stories Rapidly Gaining on Non-Acquisition-of-Brian-Roberts Stories
With all of the excitement—and by excitment, I mean disgust—over the likely Cubs signing of Jim Edmonds, there wasn't an opening here yesterday to note the snag in efforts to peddle Wrigley Field to the Illinois Sports Facilities Authority.
The Sun-Times reported Tuesday morning that the state agency and Tribune Company owner Sam Zell had failed to reach an agreement because the state's offer relied...
...on a novel and untested financing plan: the sale of
individual seats at Wrigley as if they were condominiums. The idea is
called equity seat rights and has been advanced by Chicago area
business executive Lou Weisbach, who has applied for patent rights on
Zell, Cubs Chairman Crane Kenney and their advisers have concluded
that the equity plan and its tax ramifications would violate both the
Internal Revenue Service code and the rules of Major League Baseball...sources said.
Very late Tuesday night, however, the Tribune reported that the ISFA and Zell will continue their negotiations and that "sources said...the media conglomerate is privately
indicating it might hold off selling the ballclub if the inevitable
need for costly repairs at the antiquated ballpark significantly
discounts the bids it fields for the team."
Tribune Company is due to begin paying down its debt with the banks on December 4th, when a $650 million payment will be required. At one point, it was thought this might ensure the sale of Wrigley Field and the Cubs before the end of 2008. But Zell's recent agreement to sell Newsday, a deal that will net Tribune Company about $630 million in cash, gives the foul-mouthed billionaire the latitude to take his time negotiating the sale of the ballpark and the team.
[Drafts plans for CTSteve idol.]
Pitcher batting 9th. Bryant in left, Schwarber in right.
i'm not ready for it to end.
i'm not ready for "well, they weren't supposed to make it this year..."
i'm not ready to talk about the off-season yet.
Remember, as I told my wife when our kids went off to college -- this is a good thing! Enjoy it!
Really, really, really hope I'm wrong on this.
And thanks to Michael for our new diggs--and to y'all for sticking around!
You can't prove the performance is because he played the OF. You just can't. Sorry.
BTW, Bryant hit .168 in July playing 3B exclusively.
Bryant: Base running adventures.
Wrigley: 21 HR, 59 RBI, .311/.408/.629
Road: 5 HR, 40 RBI, .243/.333/.360
Rizzo: The slide, the catch.
Russell: All the defense.
Bryant: Pelting the video board.
Soler: 125 MPH ground balls.
Schwarber: DINGERS, surprising LF catches.
Fowler: Walks, the many walks he should have had on 3-2 BS strike calls.
Baez: That 3B play.
Ross: Walk-up music? Bullpen appearance?