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
it.

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.

 

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Comments

I watched a very over-the-hill Edmonds struggle in San Diego. If the Cubs scouted him, they should have seen it, too.

The SunTimes' GREG COUCH just officially consigned FELIX PIE to the Cubs' pile of flopped top prospects.

http://www.suntimes.com/sports/couch/948348,CST-SP...

that's kinda like bill o'reilly calling something liberal.

when's couch not tearing something down or declaring things finalized?

decent article, but littered with his usual extreme writing and some "what-if's" that are declared stone cold realities.

seems he writes a "oops, i screwed up when i said earlier..." article for every handful of rants he goes off on.

This centerfield thing is getting ridiculous. Thirty five years since we had Monday out there and we still haven't found a good one. One year of Dernier being decent, one year of Walton being decent and that's it.

I think in 85 or 86 we had Dave Lopes in center for awhile, when he was 72. One year even Leon Durham got a few chances there. I think that was 82 or 83. I guess Lofton was good for half a season. Other than that, nothing.

Maybe we can bring back Mitch Webster.

Patterson was good for half a season (before his injury).

.298 / .329 / .511

What, you didn't get enough stability from Jerry Morales and Jerry Martin?

Sosa was acquired with the intent to start him in CF and he gave us a full season at CF I believe. And then pushed to a corner OF slot by Tuffy Rhodes.

Didn't Morales play more leftfield than center? I was thinking he was around at the same time as Monday, at least the first time he was here.

Patterson was good for half a year and Lofton for the other half. One good year in center between the two of them anyway.

We had the same problem finding someone for 3B since Santo and we finally got ARam. I'm confident we'll work out CF before long.

For the love of Harry Caray, somebody please change that "Featured Post" picture... I wanna head butt my monitor every time I see it.

EDIT: Looks like it changed write after I wrote this. I AM A GOD!

What an improvement! She's got a much better center field.

I am enjoying her right and left myself

Perhaps the pic should be moved to the TCR Approved Section of the website.

so you can buy those on Amazon?

Great typo from BleacherReport.com:

"Edmonds will likely clean waivers Wednesday after being released by the San Diego Padres recently."

From MLB to cleaning waivers -- you'd think Edmonds would have saved some of his salary over the years.

Here's the link: http://bleacherreport.com/articles/22967-MLB-Rumor...

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  • Bryant and I believe Zobrist both did that too.

    johann 8 min 38 sec ago view
  • Soler BB acumen and plate awareness is excellent. Not unusual for even the best players to react as if they were about to hit them, "even though they weren't that close" from your vantage point sitting on your deck, or wherever.

    The E-Man 10 min 26 sec ago view
  • soler vs inside breaking balls is scary.

    he's had 2 inside curve balls today where he reacted as if they were about to hit him even though they weren't that close...one he bailed out of the box on, it was a called strike.

    crunch 28 min 23 sec ago view
  • j.urias optioned back to AAA...guess we wont be seeing him in the LAD series.

    crunch 35 min 37 sec ago view
  • so is him actually getting 2 hits in a game (2 doubles!)...first time he's even been on base 2 times in a game since 9 games ago on his 3/4, 1bb day.

    im ready for him to at least look like a 2-slot hitter since he's gonna be slotted there no matter what he does.

    crunch 1 hour 31 min ago view
  • That Heyward move to avoid Bryant's ball hit at him was a thing of beauty too.

    johann 1 hour 48 min ago view
  • 9 pitches in and this game already rules.

    HR, double...bryant's turn (who came out to a Kris Kross song for some horrible, horrible reason).

    ...2 run inning...zoobrest hitting streak at 14.

    crunch 1 hour 53 min ago view
  • First time I saw Herrera was yesterday. He took like 100 pitches, fouled off a ton off Lester.

    Very nice young player and perfect leadoff guy.

    The E-Man 3 hours 3 min ago view
  • Obviously not Phil. But he mentioned this on Wednesday.

    "Dominican Summer League (DSL) Opening Day is Saturday June 4th, so probably about 8-10 pitchers and position players presently at EXST in Mesa will be sent to the Cubs Dominican Academy (probably sometime this week) and be assigned to either DSL Cubs #1 or DSL Cubs #2."

    In the comments here: http://www.thecubreporter.com/05242016/cub-power-d...

    QuietMan 3 hours 42 min ago view
  • Per FanGraphs, Cubs have a 72.5% chance of winning today. Jinx! Next highest percentage on today's games is D-backs with a 64.7% chance (Greinke vs. Cesar Vargas, in Arizona.)

    Transmission 3 hours 42 min ago view
  • Phil, when will the Cubs start moving international players from EST to the Dominican for the start of the DSL season?

    diamondjaxx 4 hours 20 min ago view
  • It was a nice barehand pick-up but he was close enough to 1st where he could underhand the ball to Bryant. The trouble he's had has been with the overhand throw. He's definitely working on it, but I don't know if that play was a good example of progress made.

    K Dub 7 hours 31 min ago view
  • Phil, have you heard anything about the condition of Oscar De La Cruz's elbow? Has there been talk of a time table? Is he throwing?

    K Dub 13 hours 20 min ago view
  • i was distracted for most of the game and also missed the first few innings.

    but yeah, any time he makes a good fielding+throwing play on D it's worthy of praise and a trip to pizza hut for a personal pan pizza and $1 worth of songs on the juke box.

    seriously, i'll take it.

    crunch 15 hours 25 min ago view
  • BTW, CRUNCH, Lester made a nice bh pick-up and toss to Bryant. Did you catch it?

    He's been workin' on the D!

    The E-Man 17 hours 21 min ago view
  • j.urias didn't have a good debut...

    2.2ip 5h 4bb 3k...3 r/er...1 wp

    81 pitches. yow.

    crunch 20 hours 5 min ago view