CHICAGO

Three Prospective Cubs Buyers Submit New Bids

01/01/2009 05:12 am ET | Updated May 25, 2011


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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