FanPost

Potential Bidders say Wrigley & Cubs Should be sold together

http://money.cnn.com/2007/04/05/news/companies/bc.tribune.zell.cubs.reut/?postversion=2007040507

CHICAGO (Reuters) -- Two potential bidders for the Chicago Cubs said they only want the professional baseball team if the deal includes the landmark Wrigley Field, with one bidder saying he was willing to pay what would be a record price. William Marovitz, a real estate developer and former state senator, told Reuters Wednesday he has a bidding group for the Cubs and Wrigley Field, which was built in 1914.

"I would never be part of a Cubs ownership that didn't involve Wrigley Field," said Marovitz, whose wife is Playboy Enterprises Chief Executive Christie Hefner.

Tom Begel, founder and chairman of Chicago-based private-equity firm TMB Industries, told Reuters he was willing to buy the Cubs and has a group in place.

He would not name other participants, but said they are ready to use equity and debt to finance the purchase. Whatever the price, he said the ballpark must be part of the deal.

"There's no way they're going to sell the Cubs without selling Wrigley Field," said Begel. He declined to discuss price.

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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