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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  • yow...the a.gordon/m.moustakas collision now makes the schwarb collision look minor in scope.

    gordon broke his wrist, expected to miss 4+ weeks...and today moosetacos has been diagnosed with a torn ACL. fun times in KC.

    crunch 1 hour 31 min ago view
  • dodgers calling up julio urias for tommorow's game. neat.

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    crunch 2 hours 22 min ago view
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  • Happ was the #9 pick last year, and he moved from OF to 2B in the same offseason that Castro was traded.

    Gleyber also in the picture at second.

    VirginiaPhil 7 hours 10 min ago view
  • jacos 7 hours 30 min ago view
  • Co-sign

    Ryno 7 hours 30 min ago view
  • Transmission 7 hours 39 min ago view
  • O&B: I think D. J. Wilson is a legit MLB prospect.

    He is a hyperactive dynamo on the field, a protypical lead-off hitter who is looking to get on base any way he can, a triple machine (if there is such a thing) when he does make solid contact, a daring baserunner who goes berserk once he is on base, and a CF who plays a "no fear" crash & burn style of defense.

    Guys like that sometimes get injured more-often than the average player, but if he can stay healthy and continue to progress, I believe he will be an MLB CF, or at worst a 4th OF. 

    Arizona Phil 7 hours 51 min ago view
  • The hot start was nice, but it won't always come easy. It's nice to see them have to work for it every once in a while.

    Ryno 9 hours 58 min ago view
  • Hey, AZ, are you as high on DJ Wilson as your pal John Arguello is?

    Old and Blue 10 hours 16 min ago view
  • Phil, I just wanted to say thank you for diligently tracking the Cubs prospects in extended spring training and sharing your knowledge with us. It's remarkable how you're able to keep box scores for multiple games at once. I, and I'm sure others here, appreciate the data and insight you provide for us.

    K Dub 13 hours 9 min ago view
  • Thanks PHIL.

    Boy, that is a nifty K:BB ratio Hudson has going at almost 4:1!

    I hope he continues improving.

    The E-Man 19 hours 7 min ago view
  • And of course the Bucs won again playing AZ (not PHIL). They dont seem to have a problem yet with the bottom feeders.

    They picked up 3 games this last week.

    I'm looking forward to them coming to the Chi.

    The E-Man 19 hours 35 min ago view
  • Don't mess with the SI jinx. Since the Javy/Cubs cover came out, he is 2-for-20 with no walks.

    billybucks 19 hours 45 min ago view
  • BRADSBEARD: If all three are assigned to Eugene, the Cubs can play Galindo, Paredes, and Paniagua at the same time by moving Paredes between SS-3B-DH, Galindo between 3B-1B-DH, and Paniagua between 1B-LF-DH. 

    The Cubs like to have their players (including their minor leaguers) learn to play more than one position even if they eventually are projected to settle at one spot, and I suspect that will be reflected at Eugene, with just about everybody who will be assigned there able to play at least two positions. 

    Arizona Phil 20 hours 6 min ago view
  • Thanks - at least the scorer was consistent

    Eric S 20 hours 19 min ago view