Trib to Sell Cubs Piece by Piece

(NEWSER) - Chicago Cubs brass expects the team to be sold by spring training, the Tribune reports. The chairman of the team, which is in the midst of a century-long title drought, says it is reviewing bids and could have a deal in place by February. Crane Kenney also shot down rumors that Sam Zell's Tribune Company would hold onto to a big part of the team. “Any interest would be a small interest,” he said. More»

Family will pay $800M for 95% stake in team, Wrigley field

(NEWSER) - It’s official: Tribune Co. has signed an agreement to sell a majority stake in the Chicago Cubs to the Ricketts family, the Chicago Tribune reports. Picked as the winning bidder for the franchise in January, family negotiated a deal to pay $800 million for a 95% stake in the Cubs, Wrigley Field, and the Tribune's stake in Comcast SportsNet Chicago. The Tribune is retaining a 5% stake in those assets. More»

(NEWSER) - It looks like the Cubs are returning to family ownership, the Chicago Tribune reports. The billionaire Ricketts family is the winning bidder to buy the baseball team from Sam Zell's Tribune Co. The $900 million deal isn't sealed yet—other baseball owners must approve, for one thing—but it's expected to be complete before spring training in April. The Wrigley family owned the team for 65 years before selling to Tribune in 1981. More»

But team a long way from sold

(NEWSER) - The bidding for the Cubs is nearly over. The Tribune Co. could select a winner from the three finalists within a week to 10 days, the Chicago Tribune reports, but that doesn’t necessarily mean the team is about to be sold. Tribune would still need to negotiate with the winner and could still pull the team off the market. More»

Selig vows to skip Bonds' bid at home run crown

(NEWSER) - Just two blasts shy of Hank Aaron's all-time record, slugger Barry Bonds has a chance to become the new home run king in his own backyard. But Major League Baseball Commissioner Bud Selig has vowed not to attend Bonds' seven-game homestand in San Francisco that began last night—nor take part in his imminent coronation ceremony. More»