Search Results for Cubs Sale tag:www.thecubdom.com,2017:/cgi-bin/mt//feed/Cubs Sale 2017-11-21T09:59:34Z Movable Type 4.23-en 11 1 11 Cubs sold to Ricketts, finally! tag:www.thecubdom.com,2009://1.1234 2009-10-28T00:28:10Z 2009-11-27T19:40:48Z Byron http://www.torbeninvesting.com 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 tag:www.thecubdom.com,2009://1.1229 2009-10-06T22:09:46Z 2009-10-06T22:16:45Z Byron http://www.torbeninvesting.com 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 tag:www.thecubdom.com,2009://1.1204 2009-07-06T17:02:14Z 2009-07-06T17:05:37Z Byron http://www.torbeninvesting.com 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 tag:www.thecubdom.com,2009://1.1103 2009-05-18T14:08:48Z 2009-05-19T19:02:30Z Byron http://www.torbeninvesting.com 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 tag:thecubdom.com,2009://1.668 2009-05-07T14:03:55Z 2009-05-17T00:33:10Z Byron http://www.torbeninvesting.com 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 tag:www.thecubdom.com,2008://1.1023 2008-12-09T04:43:35Z 2009-05-17T01:03:03Z Byron http://www.torbeninvesting.com 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 tag:www.thecubdom.com,2008://1.1022 2008-12-01T21:28:20Z 2009-05-17T01:05:30Z Byron http://www.torbeninvesting.com 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 tag:www.thecubdom.com,2008://1.1021 2008-11-14T22:10:00Z 2009-05-17T01:06:15Z Byron http://www.torbeninvesting.com 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 tag:www.thecubdom.com,2008://1.1020 2008-10-15T04:26:59Z 2009-05-17T01:14:14Z Byron http://www.torbeninvesting.com 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... Hank Aaron, Cubs owner? tag:www.thecubdom.com,2008://1.1011 2008-07-27T18:01:47Z 2009-05-19T04:31:40Z Byron http://www.torbeninvesting.com While I was in Brazil, prospective bidders for the Cubs submitted their bids for the franchise, the ballpark, and a portion of Comcast Sports Net. It's been widely reported that there were 10 groups that submitted bids, and the Cubs have now whittled that down to 6 (or 3) groups... Cubs send out Financial Books to Prospective Owners tag:www.thecubdom.com,2008://1.997 2008-06-12T16:07:59Z 2009-05-19T05:42:34Z Byron http://www.torbeninvesting.com 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....