FanPost

1st bid for Wrigley Field is in

http://www.suntimes.com/business/1061331,wrigley071708.article

 

(Sorry if this has already been posted elsewhere - I'm having major problems viewing BCB today and I tried to seach to see if it was and could not find it elsewhere)

 

A leading Chicago-area real estate firm has submitted an offer to buy Wrigley Field, betting that lease payments from the Chicago Cubs and eventual improvements to the ballpark will make it a decent investment.

Sources said Thursday that Inland Real Estate Group of Companies Inc., based in Oak Brook, has turned in the offer to Cubs owner Tribune Co. The amount of the offer couldn’t be learned, but it is believed to be close to $300 million, the sum Tribune Chairman Sam Zell wants out of Wrigley if he sells the team and the property separately.

Edit:I just reread the article and this is for Wrigley Field only.   Maybe Zell will get his wish and get Wrigley and the Cubs sold seperately and try to maximize his profits on the sale.  He doesn't have to deal with MLB to sell Wrigley...he could sell that to anyone.  The team on the other hand need MLB approval. 

Kasey

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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