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Cubs chairman thinks sale's imminent
keeth
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1-18-2009 2:17 PM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f0dc258e-6354-47ba-8e94-fbea3615e0da/C79AF0AC-50C1-44F1-8BB9-6F2E4C531D0B/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://msn.foxsports.com/mlb/story/9094140/?MSNHPHCP>1=39002" href="http://msn.foxsports.com/mlb/story/9094140/?MSNHPHCP>1=39002" style="font-size: 11px;">msn.foxsports.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://msn.foxsports.com/mlb/story/9094140/?MSNHPHCP>1=39002"><DIV>CHICAGO (AP) - <A class="moreNew" href="http://msn.foxsports.com/mlb/team/71602">Cubs</A> chairman Crane Kenney said again he expects the team's sale to be completed by opening day and the list of potential buyers could be down to one by the end of the month.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://msn.foxsports.com/mlb/story/9094140/?MSNHPHCP>1=39002"><P>He also left the door open — slightly — for Tribune Co. to hang onto it at least a little longer.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://msn.foxsports.com/mlb/story/9094140/?MSNHPHCP>1=39002"><P>The company put the <A class="moreNew" href="http://msn.foxsports.com/mlb/team/71602">Cubs</A> on the market on opening day 2007, when it accepted a buyout from real estate mogul Sam Zell. Since then, Tribune has slowly whittled the list of potential buyers from 10 to three in a sale that could net $1 billion for the team and historic Wrigley Field.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://msn.foxsports.com/mlb/story/9094140/?MSNHPHCP>1=39002"><P>Tribune Co. kept the <A class="moreNew" href="http://msn.foxsports.com/mlb/team/71602">Cubs</A> and Wrigley Field out of its Chapter 11 bankruptcy filing last month. Analysts believe that could result in a higher sale price, which would boost creditors put on hold by the move. But it's not clear whether those creditors would agree to leave such assets out of the bankruptcy court's domain.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://msn.foxsports.com/mlb/story/9094140/?MSNHPHCP>1=39002"><P>Either way, a drawn-out sale process appears to be approaching the end.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C79AF0AC-50C1-44F1-8BB9-6F2E4C531D0B/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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