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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  • Why is that disconcerting, OB?

    Charlie 5 min 51 sec ago view
  • He was a big key to the crazy start, a big key to the end of last year, a big key in not beating the Mets (although lots of help from a tired inexperienced team there), so although the team as a whole can get through a series with a good Jake it will be tough with a bad Jake. I don't think it's realistic to have the insanely great Jake again, but maybe it is. Seeing today's box score it appears maybe it is - but I haven't been able to tune in yet.

    Old and Blue 19 min 20 sec ago view
  • IMO Jake is really the key to winning the World Series, but maybe I'm putting too much emphasis on one player.

    Rob Richardson 50 min 26 sec ago view
  • The reports that they offered EITHER Jimenez or Torres for Chapman are a little disconcerting. I hope 1) Those reports are wrong, and 2) if they are not wrong, that they will hold on to him, as the team could use the outfield depth. I have only seen him in the futures game, but he looks like a keeper.

    Old and Blue 1 hour 12 min ago view
  • Very nice. I saw him in Lansing in May. I'm still stunned that he hit a 400-foot foul ball onto Larch Street ... which is going the other way for a right-handed batter. It was perhaps the most amazing swing I've ever seen a minor league player take. I should also mention that it was about 40 degrees out at the time. Not that it's evidence of anything per se, but I feel his plate approach is way more advanced than Soler was at this stage in his development and that the comparisons aren't really fair to Jimenez. 50/50 chance I'll go to Midland tonight for the low-A debut of Oscar de la Cruz.

    John Beasley 3 hours 1 min ago view
  • Eloy Jimenez grand slam tonight. Hoping Soler power returns and gets hot but future looks bright in the outfield regardless.

    Finished the night 4-5, with two doubles - 32(!) on the season - along with the grand slam. Sick

    Eric S 4 hours 23 min ago view
  • Meanwhile, out West:

    SF is 2-11 since the break, lead over LA is down to one game, and they are running out Cain and Peavy this weekend against the Nats. Challenging times by the Bay.

    billybucks 5 hours 10 min ago view
  • Thanks for the updates Phil. Too bad about Frazier.

    Hagsag 9 hours 5 min ago view
  • The Cubs have released RHRP Scott Frazier (2013 7th round dfraft pick - Pepperdine).

    A Cubs pitching coach told me in Spring Training 2014 that he thought Frazier had the best pure stuff in the organization. Absolutely electric fastball & breaking ball combo. Other pitchers would gather behind the screen just to watch him throw "live" BP. That's how amazing he was. 

    Arizona Phil 14 hours 14 min ago view
  • Got a chance to see Diamondbacks RHSP Zack Greinke (15-day DL - strained oblique) throw a rehab start at Sloan Park Friday night. Four of the first seven AZL Cubs hitters singled and the Cubs did score an unearned run in the bottom of the 1st inning, but then Greinke got serious and struck out five in a row.

    ZACK GREINKE: 3.0 IP, 4 H, 1 R (0 ER), 0 BB, 5 K, 4/0 GO/AO, 49 pitches (34 strikes)

    Arizona Phil 14 hours 28 min ago view
  • Have fun - It may be good for Arrieta to be facing a team that doesn't know him as well as the NL teams. A nice shutout would do wonders for his confidence. He is confident in public but baseball is hard and he could use a boost, I'm sure.

    Old and Blue 19 hours 20 min ago view
  • Me too. I'll be at the game tomorrow and would love to see Good Arrieta.

    Brick 19 hours 45 min ago view
  • Last few games have been the April version of the Cubs that disappeared completely the past two months.
    Hope they can sustain it.

    blockhead25 20 hours 11 min ago view
  • Don't sell yourself short, Judge.

    Jackstraw 20 hours 38 min ago view
  • I love this team.

    Looks like Mother Nature is trying to call this fight.

    Rob Richardson 22 hours 6 min ago view
  • Hey! I remember this team!

    billybucks 22 hours 15 min ago view