Cubs Sale Update: Target Date Now July ... Or August ... Or ...

The Cubs sale to a group headed by Tom Ricketts could now be finished by July, according to the Sports Business Journal:

JPMorgan Chase, Citigroup and Bank of America are set to commit to the deal as soon as the end of this week, the sources said. That commitment would allow Ricketts to submit his $900 million bid to the court that’s overseeing the bankruptcy filing of current Cubs owner Tribune Co. The court likely then would take 30 to 45 days to process the offer, one source said, leaving a potential closing ready by July.

MLB at that point could wait until its August owners meeting to approve the deal or could call a special owners meeting to address the sale earlier.

We're getting closer -- as ever, we await further developments.

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