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Cubs sold to Ricketts, finally!

The Sam Zell era is over. It was horrible, but not. You see, short term thinking kills franchises. Franchises of any sport are built with steady hands thinking long term. For every 1997 Florida Marlins World Series title (purchased and disassembled within 2 years), are dozens of franchises with lost...


MLB Approves Cubs Sale

The next to last hurdle in the Cubs sale process has just been cleared. The MLB Owners unanimously approved the sale of the Cubs to the Ricketts family. Linky Link Since I think Sam Zell has been an atrocious owner (worse than the other TribCo suits that preceded him), I'm...


Cubs sold to Tom Ricketts

The Cubs have been sold... almost. According to a breaking news alert I received from the Chicago Tribune, the Ricketts family has closed the sale from the Tribune Company. The only remaining hurdle is the MLB owners approval, and that is all but a formality as Bud Selig has already...


Why we're gonna hate Tom Ricketts - Part I

The Cubs are about to acquire an Alex Rodriguez, except this A-ROD will never wear a uniform, swing for the fences, take a banned substance, shag flyballs during BP... or retire. No - this A-ROD will be the $31mm+ of annual interest payments on the debt Tom Ricketts will issue...


Hockey team bankruptcy has baseball implications

Last week, Jerry Moyes, the owner of the Phoenix Coyotes, placed his team into bankruptcy, touching off a showdown between the NHL and the U.S. Bankruptcy Court. As explained well in this WSJ Article by Matthew Futterman, the Bankruptcy Court is obligated to accept the highest bid for the team,...


TribCo Files for bankruptcy - Cubs supposedly uneffected

In news that should not have surprised anyone, the Tribune Company filed for bankruptcy today. The filing, a chapter 11 variety, keeps TribCo in business and means that operational changes will be minimal. The goal of the bankruptcy declaration is to force creditors to negotiate with the company and accept...


Economy slams Cubs sale process

A year ago, when Sam Zell announced the Cubs would be sold, a veritable pool of piranhas lined up to devour the team. But, after a tumultuous second half of the year, the economic environment looks bleak for investors who planned to use debt in their pursuit of the Chicago...


Cubs sale process delayed again

The Wall Street Journal is running a story that indicates the Cubs sale may be postponed again. (Deadline Bends in Cubs Bidding: WSJ.com (subscribtion required) Just days ago, finalists to purchase the storied baseball franchise were told to deliver revised bids and financing plans by Nov. 27. But with continuing...


Still in Denial

Well, that sucked! An entire season for naught in three games, just like last year. On the trauma scale, this falls behind 2003, but certainly ahead of 2007 and 2004. In other news, the economy is tanking, which would have little bearing on this blog, except that the Cubs are...


Analyzing the Rich Harden Trade

I've had some time to digest the Rich Harden deal, and I think you can prematurely put this one in the win column for both teams. Cop out? you bet. Here's why. The Cubs are focused short term, the A's are focused longer term. One of the unfortunate by-products of...


Cubs score big for the All-star game

Your favorite Cub is in all likelihood going to represent the National League in the all-star game on July 15. Alfonso Soriano, Kosuke Fukudome, and Geovany Soto were all voted in by the fans as starters for the game. Ryan Dempster, Kerry Wood, and Aramis Ramirez were all selected by...


Cubs send out Financial Books to Prospective Owners

From my office window, I can look down 28 stories and across the Chicago River to see the private deck just outside of Sam Zell's office. I rarely see anyone on the deck, and used to think it would be a great place to eat lunch in the midday sunshine....


Sam Zell: Tribune to retain a minority stake in the Cubs

From an article in today's Tribune, by Phil Rosenthal: Denver is where Zell said nine potential buyers, preapproved by Major League Baseball, are awaiting release of the team's financial data, which should be sent out soon. He also revealed that Tribune Co. won't completely let loose of the team, carried...


Caveat Emptor: Illinois Taxpayers

State, ISFA, Governor, Sam Zell trying one last time to steal from taxpayers. There's been a lot of news on the Cubs sale front of late. The rumblings from many sources is that the 'books' will be sent out to the six prospective ownership groups in a week or two....


All Star Voting - My Favorite Player Edition

Way back in the day, I used to publish my all-star votes periodically as a way to discuss the rest of the league. Now that all-star voting is available again this year, I think I'll do so again. Position American League National League First Base Morneau, J., MIN Lee, D.,...


Know Thy Owner

As you may know, the Cubs are owned by the Tribune Company, and the Tribune Company is a publicly traded company. As such, the TribCo must file a form 10-K with the Securities and Exchange Commission each year. Furthermore, the Cubs are one of three MLB teams currently owned by...


2005 Cubs Tickets Lowdown

In one week, the Chicago Cubs will be putting individual tickets on sale for the 2005 season. Most of Cubdom is excited and planning to take sick days or vacation days on the 25th, so they can stand outside of Wrigley Field waiting in line to buy tickets, while simultaneously...


Vine Line Tid-bits, February 2005

This month's Vine Line came in the mail last Tuesday. So, having had an opportunity to sit down and read it this weekend, it is time to extract the tid-bits. The cover this month has a smiling Ryne Sandberg wearing a blue shirt, tie, sportcoat, and Hall of Fame hat....


Cubs Convention 2005: Unique Memorabilia

On Friday of the convention, I went strolling through the exhibition halls full of Cubs memorabilia. Of course, there was your standard fare, but there were also some truly unique pieces of memorabilia available for sale. So, I snapped some photos and took some notes, and now I present them...


Cubs Convention 2005: Pictorial

Warning: This post has lots of pictures and may take a while to load. I traveled north to Chicago this past weekend with the intent of being a 'Cub Reporter' for the weekend... but the weekend didn't start all that well. On Thursday night, I spent the evening at my...


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