Here we go....
Talks to sell the storied Chicago Cubs baseball team have reopened with a rival bidding group, and are continuing alongside negotiations with the original Ricketts family buyers, sources familiar with the situation said on Thursday.
Tribune Co, which has been trying to sell the Cubs for more than two years, is talking to a group that includes private equity investors Marc Utay and Leo Hindery, three sources familiar with the situation said.
Spokesmen for Tribune Co and Ricketts said their talks are ongoing and Ricketts spokesman Dennis Culloton described them as positive. Utay and Hindery declined to comment.
However, the deal was not finalized before an exclusivity period ended. Several sources said that Tribune is now able to negotiate with other buyers.
While the Ricketts group has lined up its financing, sources previously told Reuters that the sides cannot agree on the value of Cubs' broadcast contracts.
At this point, i'm beyond caring WHO owns this team... i just want the deal done so the team can begin moving on.There is work to be done on the field AND off the field, to Wrigley, with the farm system...
I was a Mark Cuban fan. Hopefully this will mean he can get back in to the mix as well. His last public reference to the whole thing i believe was this:
I knew that if they got the money they wanted for the team, well my bid was not going to be high enough anyway. If they didnt, or the other bidders couldnt come up with their money, they would come back to me.
I’m still waiting.