A League of Her Own

Cubs Sale Completed

For sale and sold sign

The Cubs will soon have new corporate overlords. And just in time for the trade dealine!

Tribune Co. has reached a deal to sell the Chicago Cubs and Wrigley Field to the Ricketts family, a source familiar with the matter said this morning.

The two sides reached a sale agreement over the weekend and have forwarded the contract to Major League Baseball, the source said. The deal must be approved by other baseball owners. With Tribune Co. operating under Chapter 11 bankruptcy, the sale also will need court approval.

The source said the sales price is "close" to the $900 million bid the Ricketts family offered earlier this year that won an auction for the baseball team, stadium and a 25 percent stake in Comcast SportsNet Chicago, a regional cable television sports network.

 

Dear Santa Ricketts,

All I want for the trade deadline is a real second baseman. And maybe another reliever.

Love, Julie. 

This brings me to an interesting question. All jokes aside, is there anyone out there who is affordable AND who could help this team? I know things seem to be turning around after taking 3 of 4 from the Brewers, but I can't help but worry that this team is just another separated shoulder away from disaster. Especially with Ryan Braun putting so much pressue on Bob Melvin:

Braun, the top All-Star vote-getting NL outfielder for the second straight season, voiced his frustrations Sunday after the Brewers lost 8-2 to the Chicago Cubs, who won three of four in the series.

"We're at the point right now where it would be important for us to go out there and acquire somebody," Braun said.

LOL.

Suggestions?

 

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8 Comments

Doc said:

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Bigger questions come...Is Ricketts willing to add to the payroll? And is he even capable of doing that after taking out $450 million in loans to buy the team?

Rich Beckman said:

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Congratulations!! You are the first of all the sources for Cub info in my Google Reader to get this news posted. I am impressed.

Even the Tribune's Hardball blog and the Sun-Times Inside the Cubs blog still do not have this posted.

flyball said:

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more payroll?

Doc said:

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We don't need to add payroll this year anyway...

All we have to do to win is DFA Soriano, Bradley and Fontenot, put Andy White at second, throw Fox Trot out to right, and let Fuld play left...

World Series, here we come!

See, we have everyone that we need.

It's all so simple!

flyball said:

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can we do predictions on if Cubdom will love or despise the name Ricketts, and how long it will take?

I suggest 3 divisions,

Short Term - November
Mid-Term - All Star break 2010
Long Term Beginning of 2014 season

Doc said:

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In other news...

Freel was traded to the Royals for a PTBNL.

flyball said:

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did you notice the Royals are not in last place? way to go Royals!

Doc said:

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They will be once Freel joins their club (or not long after).

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