FanPost

Cranes says Zell Still Pushing for sale by end of Dec.

According to Cranes, the Cubs WILL have a new prospective owner by the end of December. It looks like Zell really needs the money from the sale ASAP and even though it won't be completed in time to make a debt payment, if there is a seller set, the banks should look favorably on Zell.

http://www.chicagobusiness.com/cgi-bin/news.pl?id=31840

Tribune Co. CEO Sam Zell is pushing to have a deal in place by yearend to sell all but a small stake in the Chicago Cubs, despite recent indications that he might retain 50% of the ballclub. Mr. Zell expects to select a finalist from the five remaining bidding groups and submit the deal for Major League Baseball's approval sometime in December, a person familiar with the sale says. He is fast-tracking the sale — despite a credit crunch that seemed to put his year-end deadline in doubt — as pressure mounts to raise as much as $1 billion to chip away at the mountain of debt from his 2007 buyout of Tribune.


Kasey

See my Pictures of the 2008 Cubs at http://cubsbythenumbers.com/cub-pics-2008.html
Also, see the Cubs 2009 schedule at http://cubsbythenumbers.com/sched2009.html

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.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Join Bleed Cubbie Blue

You must be a member of Bleed Cubbie Blue to participate.

We have our own Community Guidelines at Bleed Cubbie Blue. You should read them.

Join Bleed Cubbie Blue

You must be a member of Bleed Cubbie Blue to participate.

We have our own Community Guidelines at Bleed Cubbie Blue. You should read them.

Spinner

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9351_tracker