Report of Cubs Sale Finalized Labeled ‘Premature’

According to a report from the Sun-Times, Monday’s reports on the sale of the Cubs are ‘premature‘. According to the Sun-Times, “the Ricketts Family and Tribune were very, very close to an $850 million to $900 million deal but that reports of a completed deal were ‘premature’.

The Sun-Times was told that “the Tribune has no final agreement with any party to acquire the team.

Reports surfaced on Tuesday morning that indicated Tribune Co. had a second agreement in place with a group led by Marc Utay. The Sun-Times confirmed those reports are untrue.

Just when it seems the sale is nearing an end, it goes the other way.

Stay Tuned …

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