Bleed Cubbie Blue: An SB Nation Community

Navigation: Jump to content areas:


Sports blogs for fans, by fans.
Around SBN: Fedor vs Rogers Results and Live Coverage

The Biz of Baseball is reporting that Ricketts and Zell continue to negotiate the sale of the team, despite Ricketts' exclusive negotiating window having expired a week ago.

Ricketts appears to be trying to lower his price from $900 million to about $850 million, per the article.

4 months ago 1985_500_logo_tiny Trey2317 6 comments 0 recs  | 

Story-email Email Printer Print

Comments

Display:

My understanding was that the holdup is how much is financed

Not so much the asking price. Zell wants more financed to avoid capital gains taxes, and Ricketts wants to pay more in cash.

I'm singing, "GO CUBS GO! GO CUBS GO!" -- DrCrawdad on Jun 12, 2009 7:23 AM CDT

Facts are meaningless. You could use facts to prove anything that's even remotely true! -- Homer J. Simpson

by Shanghai Badger on Jun 12, 2009 12:22 PM CDT reply actions   0 recs

No one

is going to give Zell more than what Ricketts offered in this economy.

Barring a statement from Sam Zell, I don’t think this is much of a story. Yet. Stay tuned, however.

by Josh77 on Jun 12, 2009 12:34 PM CDT reply actions   0 recs

If Zell...

… decides to open up the bidding, as Josh says above, he will wind up with less money.

Zell, despite his apparent smarts in making billions in real estate, has made mistake after mistake since buying the Tribune. It’s his own fault, and to expect others to fix those mistakes is just plain wrong.

"You can observe a lot just by watching." ~ Yogi Berra

by Al on Jun 12, 2009 5:27 PM CDT reply actions   0 recs

my understanding of the ~$50M difference

is related to the exclusiveness of the TV rights to ‘GN/CSN after it expires. TribCo wants to keep ’GN/CSN installed as exclusive broadcasters where upon expiration, Ricketts wants to be able to auction the TV rights. In other words IIRC, Ricketts is saying if you’re [TribCo] are going to force how the TV rights contract reads, I want $50M taken off the price tag. If you [TribCo] will let me negotiate my own TV contract once the current one(s) expire, then you’ll get your full $900M.

Sweet Lou for Mayor in '11.

by blackhawk24 on Jun 13, 2009 12:30 PM CDT reply actions   0 recs

this doesnt sound right/fair

the Trib is basically saying since we own WGN, we arent going to sell you the team unless you assure us we can still have the cable rights, that would be like Disney selling ESPN but saying we still get to broadcast your games on ABC and you cant sell them to CBS/NBC

Go Cubs Go, Fly Eagles Fly, http://twitter.com/mlbtrivia

by ManBearPigMBP on Jun 13, 2009 3:46 PM CDT up reply actions   0 recs

sale

we really need an owner. this team needs help really bad.

by NOMAR on Jun 13, 2009 12:33 PM CDT reply actions   0 recs

Comments For This Post Are Closed


User Tools

Welcome to Bleed Cubbie Blue, the Chicago Cubs blog for the SB Nation, created on February 9, 2005 by Al Yellon
Start posting about the Cubs »

Join SB Nation and dive into communities focused on all your favorite teams.

FanPosts

Community blog posts and discussion.

Recommended FanPosts

Jake_fox_small
Cubs Should Go After Rich Hill
Chicagocubs1914_small
Last Out to First Pitch – The 2009-10 Offseason IT'S HAPPENING!!!??? Contest
Small
More From the Cubs in Winter Ball
Small
Don't Make the Mistake of Dumping Bradley
Dscn2381_small
Why Other Teams Should Want Milton Bradley

Recent FanPosts

Small
Should we trade him, or should we not?
Chicagocubs1914_small
OT: Big-Ten, Vista-Demolition, Anything-Goes-on-a-Saturday Game Thread
Madduxflag_small
Starlin Castro Vitters etc LIVE Sat night
Helmet_small
Az Fall League Cubs
4167bqf31ml
Five tool player available!
Self-portrait-4_small
This Might Be A Long Shot...
Madduxflag_small
Convention Sold Out
P272649reg_small
OT: Why not name a field after Ernie?
Cubs_sweatrshirt_on_gravestone_small
Vernon Wells - prepping to be a Cub

+ New FanPost All FanPosts >

FanShots

Quick hits of video, photos, quotes, chats, links and lists that you find around the web.

Recommended FanShots

Gomez to drink your Brew, Hardy to eat your Twinkie
BP interviews Sam Fuld. Great read!
Who was the best MLB player born on your birthday?
Gary Matthews Jr.
Kerry Wood Says Black Players Got Hate Mail

Recent FanShots

OT, sexist and imho funny
J.J Putz's Option Declined by Mets.
Does Soriano's defense at 2B really cost more runs than in LF?  He makes a lot fewer errors in LF since misplays and mental mistakes aren't figured into the stats, but I have to imagine that his mistakes are more physical at 2B.  Any thoughts?  Is there a statistic on this?
Sosa pays tribute to Michael Jackson?
Harden, Johnson File For Free Agency
Brett Myers released by the Phillies
Mark Teahen to Chicago....White Sox
More On The Dodger Divorce
WrigleyBound on Josh Vitters's "plate discipline"

+ New FanShot All FanShots >

It Is Only...

Cubs By The Numbers

Cubs By The Numbers is a history of the ballclub by uniform number, but the biographies help trace the history of our beloved team in a new way. For everyone who's a Cubs fan, anyone who ever wore the uniform is like family. Cubs By The Numbers reintroduces readers to some of their long-lost ancestors, even ones they think they already know.

Click here to order your copy, available now!

SPONSORS

Recent Stories in Ticket Exchanges

Yelloncard_small
Ticket Exchanges: Cubs Convention 2010
Yelloncard_small
Ticket Exchanges: General 2009 Ticket Exchange
Yelloncard_small
Ticket Exchanges: September 29-October 4 Homestand

Managing Editor

Yelloncard_small Al

Editorial Cartoonist

Toonmike_small toonmike

Contributors

Dsc_0139_small holy mackerel

100px-boisehawkscaplogo_small Josh77

Small shawndgoldman