New Bids Submitted for the Cubs

According to reports from Reuters.com and Cubs.com, "at least three groups submitted offers on Monday to the Tribune Company in the latest round of bidding for the Chicago Cubs." Reuters identified the following three groups:

The Ricketts Group, led by Tom Ricketts executive of Chicago Investment bank Incapital LLC and son of the founder of TD Ameritrade Holding Corp. Marc Utay, a managing partner with the New York-based private equity firm Clarion Capital Partners, LLC; and Chicago real estate executive Hersh Klaff.

Most feel The Ricketts Group is the leading candidate to purchase the Cubs but bidding is still ongoing according to the report from Reuters.

Mark Cuban apparently did not submit a bid according to the report from Cubs.com.

According to the report from Cubs.com:

Monday's round of bids came after the groups had received more detailed financial data on the Cubs, Wrigley Field, and a 25-percent stake in a regional sports TV network. The bidders had met with executives from Major League Baseball.

Will update when more information becomes available....

roguesqr09

I wish we had him as well. An owner-fan would have been nice.

Boseph Heyden

I wish Cuban WOULD have bought the Cubs. At least we know he can handle a sports team. I don't know a thing about any of these other groups, but the general vibe I get from all of them is "Rich Old Guys Who Want to Own a Sports Team Before They Die". You know, the silent, nonspending type of person Bud Selig would quickly approve.

Rich

Thank goodness Cuban is not getting the team. I think i would seriously stop being a Cubs fan. I would not want to be a part of funding his propaganda films.