Bids for Cubs due by end of Friday

Bids for the Chicago Cubs are due Friday.

There are apparently 10 potential bidders who have stepped up to the plate for the Cubs, Wrigley Field and a 25% stake in Comcast SportsNet Chicago. One of those bidders is rumored to be entrepreneur Mark Cuban.

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A grand slam of an auction could bring in more than $1 billion for the debt-saddled seller, according to Reuters. Sam Zell's Tribune Co. owns the Cubs as well as the Chicago Tribune and Los Angeles Times newspapers. The company is selling the team and assets to pay down the debt it took on when it went private earlier this year in an $8.2 billion deal. -- Maria Woehr

Zell's Tribune: No joke
Selling the Cubs will help, but it won't bail out Sam Zell's Tribune Co.
Cubs auction starts as Wrigley Field sale goes foul

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