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Chicago Cubs Online > News and Transactions > Report of Cubs Sale Finalized Labeled ‘Premature’

Report of Cubs Sale Finalized Labeled ‘Premature’

July 7, 2009 1:43 pm By Neil Leave a Comment

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 …

Filed Under: News and Transactions Tagged With: Cubs Sale, Marc Utay, Ricketts Family, Tom Ricketts

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