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Three Prospective Cubs Buyers Submit New Bids

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Chicago Tribune   |  Ameet Sachdev   |   December 1, 2008 02:49 PM

Read More: Chicago Cubs, Chicago Cubs Sale, Cubs, Cubs Bidders, Cubs Bids, Cubs Sale, Hersch Klaff, Jim Crane, Marc Utay, Mark Cuban, Tribune Company, Tribune Cubs, Chicago News


At least three prospective buyers have submitted a new round of bids to Tribune Co. for the Chicago Cubs, one of professional sports' trophy franchises.

Chicago real estate investor Hersch Klaff, the Ricketts family, founder of online brokerage TD Ameritrade Holding Corp., and a group led by Marc Utay, a New York private equity investor, delivered their proposals by the Thanksgiving deadline, according to sources involved in the negotiations.

Sources declined to comment on the size of the three bids, which include the team, Wrigley Field and Tribune's 25-percent stake in Comcast SportsNet, a regional cable sports network.

It was unknown at the time this report was filed whether two other prospective buyers -- Houston businessman Jim Crane and Mark Cuban, owner of the Dallas Mavericks basketball team -- had submitted new bids.

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At least three prospective buyers have submitted a new round of bids to Tribune Co. for the Chicago Cubs, one of professional sports' trophy franchises. Chicago real estate investor Hersch Klaff, th...
At least three prospective buyers have submitted a new round of bids to Tribune Co. for the Chicago Cubs, one of professional sports' trophy franchises. Chicago real estate investor Hersch Klaff, th...
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- MovingtoNorway I'm a Fan of MovingtoNorway permalink

Who cares? Unless the new owners bring along an exorcist, it's hopeless.

    Favorite    Flag as abusive Posted 06:32 PM on 12/01/2008
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