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Cubs Sale

Cubs File For Bankruptcy

AP | ANDREW VANACORE | Posted 05.25.2011 | Chicago

NEW YORK — The Chicago Cubs filed for Chapter 11 bankruptcy protection Monday, a step that will allow their owner to sell the baseball team in a...

Home Field Disadvantage

Ted Goeglein | Posted 05.25.2011 | Chicago
Ted Goeglein

The Cubs' old pile of bricks stinks of inebriated resignation. It's time for Wrigley Field to be gutted of the past and rebuilt for the future.

MLB Owners Sign Off On Cubs Sale

AP | Posted 05.25.2011 | Chicago

CHICAGO (AP)--Major League baseball owners have unanimously approved the sale of the Chicago Cubs from Tribune Co. to the Ricketts family. ...

Cubs Sale Cleared By Bankruptcy Judge

AP | DEBORAH YAO | Posted 05.25.2011 | Chicago

WILMINGTON, Del. — The sale of the Chicago Cubs moved closer Tuesday as a bankruptcy court judge said the team can go to the family of billionai...

Cubs Sale Gets Government Go-Ahead

Bloomberg News | Christopher Stern | Posted 05.25.2011 | Chicago

U.S. antitrust officials approved Tribune Co.'s sale of the Chicago Cubs baseball team to the Ricketts family, which founded TD Ameritrade Holding Co....

Tribune Bankruptcy Judge Considers Cubs Sale

AP | RANDALL CHASE | Posted 05.25.2011 | Chicago

WILMINGTON, Del. — A Delaware bankruptcy judge on Monday approved Tribune Co.'s request for quick court action on the company's planned sale of ...

Ricketts Family Gave Tribune Company Ultimatum On Completing Cubs Sale

Chicago Tribune | Ameet Sachdev | Posted 05.25.2011 | Chicago

After months of intense negotiations to buy the Chicago Cubs, the Ricketts family threw a curveball at Tribune Co. late last month. The family gave t...

How Zell Cost Tribune $150 Million In Botched Cubs Deal

Chicago Sun-Times | Posted 05.25.2011 | Chicago

Oh, the tangled webs that Tribune Co. Chairman Sam Zell can weave. The long process he spun for selling the Cubs probably cost his debt-strapped compa...

Cubs Sale To Ricketts Family Finalized

AP | DAVE CARPENTER | Posted 05.25.2011 | Chicago

CHICAGO — Media conglomerate Tribune Co. announced a definitive agreement Friday to sell all but a 5 percent stake in the Chicago Cubs and Wrigl...

Cubs Sale To Ricketts Family 'Imminent': Tribune

Chicago Tribune | Ameet Sachdev | Posted 05.25.2011 | Chicago

The sale of the Cubs to the Ricketts family is "imminent," sources said Thursday....

Cubs May File Bankruptcy To Help Sale, Would Be First MLB Bankruptcy In 39 Years

AP | DAVE CARPENTER | Posted 05.25.2011 | Chicago

CHICAGO — The corporate owner of the Chicago Cubs is considering having the baseball team file for bankruptcy protection as a legal step to hast...

Tribune Agrees To Cubs Sale Deal Terms With Marc Utay, Now Has Two Offers To Buy Team: Reuters

Reuters | Posted 05.25.2011 | Chicago

Tribune Co has agreed to terms for the sale of the Chicago Cubs to a group led by private equity investor Marc Utay, giving the company two offers to ...

Sale Of Chicago Cubs, Wrigley Field To Ricketts Family Finalized: Report

AP | DON BABWIN | Posted 05.25.2011 | Chicago

CHICAGO — The Tribune Co. has reached a written agreement to sell the Chicago Cubs, Wrigley Field and other assets to the family of TD Ameritrad...

Mark Cuban Steering Clear Of Reopened Cubs Sale Talks

ESPN Chicago | Posted 05.25.2011 | Chicago

Dallas Mavericks owner Mark Cuban said he has no plans to become a candidate again to own the Chicago Cubs, despite reports that the bidding has been ...

Chicago Cubs Sale Twist, Talks Reopen With Rival Bidder: Reuters

Reuters | Ben Klayman and Megan Davies | Posted 05.25.2011 | Chicago

Talks to sell the storied Chicago Cubs baseball team have reopened with a rival bidding group, and are continuing alongside negotiations with the orig...

Cubs Sale Gets Closer As 3 Banks Lined Up For Financing

Chicago Tribune | Paul Sullivan | Posted 05.25.2011 | Chicago

Sports Business Journal reports today that Tom Ricketts has lined up three banks--JPMorgan Chase, Citigroup and Bank of America--to arrange the $450 m...

Cubs Sale Likely To Miss Another Deadline Amid Delays

Chicago Tribune | Posted 05.25.2011 | Chicago

The sale of the Chicago Cubs has taken on the timeless quality of a baseball game. ...

Chicago Cubs Buyer Ricketts Offering Stakes In The Team To Private Investors

Crain's Chicago Business | Ann Saphir | Posted 05.25.2011 | Chicago

Tom Ricketts is offering private investors a stake in the Chicago Cubs as he works to finance a $900-million acquisition of the team by his family. C...

Cubs Won't Be Sold Until At Least Mid-May

AP | RICK GANO | Posted 05.25.2011 | Chicago

CHICAGO — The Cubs are likely to remain under the ownership of Tribune Co. through the early part of the season. Cubs chairman Crane Kenney sai...

Cubs Won't Be Sold By Opening Day: Bud Selig

Chicago Tribune | Dave van Dyck | Posted 05.25.2011 | Chicago

The sale of the Cubs to the Ricketts family may drag on past Opening Day, according to Commissioner Bud Selig....

Ricketts Family Sells Part Of TD Ameritrade Stake To Finance Cubs Bid

AP | JOSH FUNK | Posted 05.25.2011 | Chicago

OMAHA, Neb. — The family of TD Ameritrade founder Joe Ricketts will sell 34 million of its shares in the online brokerage back to the company in...

Cubs To Close Tribune Era Without World Series

Chicago Tribune | Paul Sullivan | Posted 05.25.2011 | Chicago

It looks as if the Tribune era of Cubs ownership will end without a World Series championship, just as the Wrigley family reign ended in failure in 19...

Rickets Family To Buy Cubs And Wrigley Field For $900M

AP | ANDREW SELIGMAN | Posted 05.25.2011 | Chicago

CHICAGO — A billionaire family of Chicago Cubs fans _ including one who first met his wife in the bleachers at Wrigley Field _ is set to purchas...

Cubs Zero In On New Owner

Chicago Tribune | Michael Oneal and Ameet Sachdev | Posted 05.25.2011 | Chicago

Tribune Co. executives have chosen a favorite among three bids for the Chicago Cubs and have given that recommendation to the unsecured creditors comm...

Tribune Co. Wants To Keep LA Times, WGN

Chicago Tribune | Michael Oneal | Posted 05.25.2011 | Chicago

A month into its Chapter 11 bankruptcy case, Chicago-based Tribune Co. is beginning to form a strategy for holding the company's major assets together...