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Cubs Sale Nearing Completion
Written by wrigleyville   
Monday, 06 July 2009

So says the Trib, and I suppose they would know:

Tribune Co. has reached a deal to sell the Chicago Cubs and Wrigley Field to the Ricketts family, a source familiar with the matter said this morning.

The two sides reached a sale agreement over the weekend and have forwarded the contract to Major League Baseball, the source said.

The deal must be approved by other baseball owners. With Tribune Co. operating under Chapter 11 bankruptcy, the sale also will need court approval.

The source said the sales price is "close" to the $900 million bid the Ricketts family offered earlier this year that won an auction for the baseball team, stadium and a 25 percent stake in Comcast SportsNet Chicago, a regional cable television sports network.

I still like that the Trib requires a source to tell the Trib what the Trib is doing.



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