Bruce Levine had this on his blog at ESPNCHICAGO.com:
"Major League Baseball sources confirm that the sale would actually be only $850 million in cash, since Tribune owner Sam Zell will keep 5-7 percent ownership in the team in order to avoid a huge tax bite because of capital gains taxes. Zell will put most of the money that he realizes in the sale toward his debt of $8.1 billion that he paid for the Tribune Company, now in Chapter 11 receivership."
"The Ricketts family borrowed $450 million from three major banks: JP Morgan, Bank of America and Citicorp. The rate of the financing will be between 5 and 6 percent annually; that means that the Cubs' new owners must come up with $25-30 million per year just to pay financing on the loan. An impeccable major league source told me that the Cubs netted $45 million in 2008. New revenue sources, including personal seat licensing (PSLs) will be a part of the aggressive way the new owners will look for more cash."