Monday, August 31, 2009

Hearing today on Chicago Cubs sale

And this sale still is getting dragged out!!!
The judge presiding over Tribune Co.'s Chapter 11 bankruptcy case is set to hear from attorneys regarding the company's sale of the Chicago Cubs baseball team.

Judge Kevin Carey scheduled a hearing Monday on a motion by Tribune attorneys outlining a two-step process the company hopes will culminate in the sale of the Cubs to the family of billionaire Joe Ricketts, founder of TD Ameritrade.

The Ricketts family has agreed to buy a 95 percent stake in the team and its Wrigley Field home for $845 million, but the deal must be approved by the bankruptcy court, as well as Major League Baseball.
Buying a sport franchise apparently isn't as simple as having the money!

Is this why the Cubs aren't doing so great right now?

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