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Tribune to sell Cubs, Wrigley in first half 2008

News today that Sam Zell, new owner of the Tribune, plans to sell the team and the park in the first half of 2008. They need to sell assets to help pay down debt as advertising revenue and circulation declines. This is a little earlier than some had expected, given that the company hasn't even given bidders the team's financial details yet.

Most interestingly, the Sun-Times reports that "Zell is looking at selling Wrigley Field and surrounding real estate separately from the team itself."

That won't go down well with prospective buyers, right?

ST article: http://www.suntimes.com/business/693025,trib121207.article

Others: http://news.google.ie/news?hl=en&ie=UTF-8&tab=wn&ncl=1124842460

                                                                                                                                                                                                               

This is a FanPost and does not necessarily reflect the views of SB Nation or Al Yellon, managing editor (unless it's a FanPost posted by Al). FanPost opinions are valued expressions of opinion by passionate and knowledgeable baseball fans.

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