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Cubs Bankrupt? Insert Own Joke Here
Written by wrigleyville   
Monday, 13 July 2009

First the news:

July 13 (Bloomberg) -- The Chicago Cubs may become the first Major League Baseball team in 39 years to file for bankruptcy as Tribune Co. seeks to sell the franchise after months of negotiations.

Tribune sought Chapter 11 protection in December. It is contemplating a separate filing for the Cubs to expedite the team's estimated $900 million sale to interested bidders, including Incapital LLC Chairman Tom Ricketts, according to four people familiar with the plan.

Then the humorous part:

Tribune staff report

7:55 AM CDT, July 13, 2009

The Chicago Cubs may consider a bankruptcy filing, according to published reports.

Heh. The Trib has to attribute news about itself to other news outlets - and doesn't even have the decency to name those outlets anywhere in the story. No wonder they are bankrupt.

Meanwhile, ACB notes that Dave Kaplan says the Cubs will be sold today.



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