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In a conference call, Zell said the offering memo was already with Major League Baseball for "final approval." The update followed Zell's comments a day earlier that MLB has already "preapproved" nine potential buyers of the club and that Tribune would likely keep a minority interest of 5% or so after the team's sale. Zell didn't elaborate on the nine prospects during Thursday's call but indicated any retained interest in the Cubs would minimize "tax leakage." - Richard Morgan CategoriesComments
From: Howie Felch,
They'll never let Cuban own an MLB team. He's not "their kind of people" ie; old money, politically connected, usually republican.
Posted on:
June 6, 2008 11:26 AM
From: Geoff,
I'd love to see Cuban, but I'm cynical enough to believe that Selig would reject such a deal in favor of one of his cronies.
Posted on:
June 6, 2008 11:28 AM
From: Mos,
Whoever the new owners are will quickly realized they'll have trouble making back their money so long as the Cubs remain at Wrigley. At the moment the Cubs already are top sellers in merchandise, they already are one of the top teams in attendance. They have all benefits of winning a championship without having won one since 1908. If the Cubs do win a world series the only way for the new owners to make money would be to raise ticket prices. Can Cubs charge Yankee prices in Chicago? A Cubs world series win means the end of Wrigley. They'll have to build a new park. But will a new park mean the end of the Cub mystique?
Posted on:
June 6, 2008 12:19 PM
From: esscubed,
Yeah Mos, you may be right but don't think it can't be done. Look what the new owners have done with Fenway. (Despite the handicap of TWO world series)
Posted on:
June 6, 2008 3:44 PM
From: jake,
So what's up with Wrigley? Does the state take it off his hands so he gets more bucks for the Cubs? That's the kind of socialism republicans like.
Posted on:
June 6, 2008 5:17 PM
From: Max,
Hey Mos, The City of Chicago is believed to be one of the bidders. Fans would rather pay higher ticket prices than have a new stadium. Look at how much they pay for the rooftops.
Posted on:
June 6, 2008 5:29 PM
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Tribune Co. chairman and CEO Samuel Zell said Thursday that the offering memorandum for the Chicago Cubs should go out to potential buyers next week and elicit preliminary bids for the National League team 30 days after that. 
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Bring on Mark Cuban!