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WSJ: Zell May Actually Sell The Cubs
Written by wrigleyville   
Saturday, 17 January 2009
The Wall Street Journal has an update on the Cubs sale (subscription required):

After a nearly two-year process, Sam Zell and Tribune Co. plan to name a winning bidder for the Chicago Cubs by the middle of the coming week, according to two people involved with the bidding.

Tribune, which last month filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code, has a board meeting scheduled for early in the coming week where executives handling the sale of the baseball franchise plan to review the competing bids and recommend a winning party.

If the board accepts the recommendation, Tribune will then inform the bidders and the different entities in the bankruptcy case about the decision.

This, of course, does not mean the sale is final or even necessarily a done deal, as Chuck notes.


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