Cubs sale delayed? / Trib may own Cubs on Opening Day

[RedIvyCub]

I just don't see how they could expect top dollar for the Cubs without including Wrigley Field.

 

Since the stadium was granted local landmark status in 2004, no developer would purchase the land separately with any hopes of building a new structure.

 

And any purchase of the team without a stadium doesn't make fiscal sense. Why would an investor buy a team with no place to put it?

 

This entire situation is so frustrating. ](*,)

 

Actually only portions of the ballpark are landmarked...the marquee, the scoreboard and the outfield walls. It was the reason that during the reconstruction of the bleachers that the OF wall was retained and included in the project.

[RedIvyCub]

http://www.chicagotribune.com/business/chi-071119canning-steps-down,0,6494064.story

 

This may or may not be newsworthy, regarding the Cubs ownership. John Canning stepped down as CEO of Madison Dearborn Partners, remaining as chairman. He's been the favorite among potential buyers of the Cubs.

 

How odd this comes out the day before McDonough resigns. I guess he finally saw the writing on the wall.

[Magnetic Curses]

If it prevents Cuban from owning the Cubs, all the better. This man is much less than I thought he was.

 

It will be harder to really love the Cubs, knowing the beliefs of this man.

 

Simply read the details of the movie "Redacted". This is a vile film from a vile man who thinks he's operating in a vacuum. Pro or against war, this film will incite more violence against American military troops. I'm disgusted and sorry I ever considered this man, and I pray that any measure forces him out of the picture.

 

Mark Cuban = Jane Fonda

 

your views are intriguing to me and i wish to subscribe to your newsletter.

[E.J.]

cubs.com

Crane Kenney, the Tribune Co. executive to whom McDonough reported, said the team will not name an interim president because of the ownership transition. The Tribune Co. has been sold to real estate investor Sam Zell, but that deal has not been formally completed, and the Cubs' ownership status is uncertain.

 

"The process is one that we control a part of, and [Major League Baseball] controls a part of, and the various bidders who have an interest ... control some of the timing," Kenney said Tuesday. "My expectation is that there will be some clarification of team ownership by the middle of next year. It's gone slower than we thought it would, but we're also comfortable with the pace."

 

Kenney, who has been the Tribune Co. liaison with the team the past five years, said the team payroll will increase from the 2007 total of $110 million, but would only say the hike will be "enough."

 

Why does it seem like the sale of the team is never going to happen? First it was after the 2007 season, then it was before the start of the 2008 season, and now it looks like middle of the 2008 season. Ridiculous.

[TruffleShuffle]

i think all secretaries are sexual deviants. you can blame maggie gylenhall

 

:lol:

[ctcf]

Do a little research, it might shock you. Since this is the "Baseball Discussion" Thread its not really the place to discuss Cuban's bizarro anti-American film, but I was shocked when I found out about it. I was very much in favor of Cuban being the Cubs next owner, learning about that film completely changed my feelings about him. He's now made alot of enemies with that film, he was facing a real challenge getting owners to aprove his ownership proposal to begin with, Id say the film and the buzz its creating is only going to make it harder for him. I encourage people to look it up info on it and judge it for themselves, I certainly found it upsetting. Here's a small piece I dugg up:

 

According to Production Weekly, Brian De Palma's follow-up to the loved by few, not really liked by many BLACK DAHLIA is going to be REDACTED, a war drama based on the recent events surrounding the rape and murder of a 14-year old Iraqi girl and the killing of three of her family members by four US soldiers. Oddly enough, this will be the second De Palma movie to deal with such a thing; his CASUALTIES OF WAR centered around five U.S. soldiers during the Vietnam War, four of whom kidnap and rape a young villager. In a move that's decidedly un-De Palma-esque, however, REDACTED will be cobbled together from documentary footage, trial coverage, video from news broadcasts, YouTube posts, and excerpts from one of the soldier's video blogs.

 

Our soldiers dont deserve to be depicted this way, its beyond upseting its sickening. Cuban funded the production of this movie to the tune of 5 million dollars. He's done some backtracking on it lately though and had pieces of it edited.

 

Maybe you should ready the blog entry on blogmaverick.com about this before freaking out.

 

And as an aside, those particular soldiers absolutely deserve that type of depiction.

 

Yea I fail to see how being an American soldier gives one a free pass on the consequences on being a rapist and murderer. Those soldiers did what they did, if someone wishes to make a movie about it I fail to see how it is wrong.

[Lefty]

Tribune sale closer to happening. The FCC proposed a waiver which gives Tribune time to comply with rules on concentration of media ownership. Great news.

[jersey cubs fan]

Tribune sale closer to happening. The FCC proposed a waiver which gives Tribune time to comply with rules on concentration of media ownership. Great news.

 

David Faber is all over it.

[Lefty]

Tribune sale closer to happening. The FCC proposed a waiver which gives Tribune time to comply with rules on concentration of media ownership. Great news.

 

David Faber is all over it.

 

I'm just providing a service. You think everybody watches CNBC? I surfed over there during a commercial on "Law and Order."

[jersey cubs fan]

Tribune sale closer to happening. The FCC proposed a waiver which gives Tribune time to comply with rules on concentration of media ownership. Great news.

 

David Faber is all over it.

 

I'm just providing a service. You think everybody watches CNBC? I surfed over there during a commercial on "Law and Order."

 

The acquital of a cop killer leads to the murder of a defense attorney.

 

 

Hey, I've seen this one, and I don't watch much L&O anymore. Free ad time for Fred!

[Lefty]

Tribune sale closer to happening. The FCC proposed a waiver which gives Tribune time to comply with rules on concentration of media ownership. Great news.

 

David Faber is all over it.

 

I'm just providing a service. You think everybody watches CNBC? I surfed over there during a commercial on "Law and Order."

 

The acquital of a cop killer leads to the murder of a defense attorney.

 

 

Hey, I've seen this one, and I don't watch much L&O anymore. Free ad time for Fred!

 

You know, I stopped watching L&O in Prime Time in late 1994. I think I'm pretty caught up. I trade better when I avoid CNBC.

 

Last week I was in New York and I saw this guy in a ski cap and he looked so familiar! I realized; "Law and Order." He nodded. "The evil twin episode." He smiled. It was the guy who played the mobster-college professor twins. My family was very impressed.

 

I think the Manhattan DA angle may help Giuliani, actually.

[Jon]

Here's the article. The vote on the waivers should occur by the end of the week.

[Wheelimus]

Not to go off topic, but on the other topic of the thread, I actually saw Redacted (I know, crazy concept, wait until you see it to judge) and in no way shape or form does it attempt to paint the entire military as monsters. It centers around a small group of soldiers, 5 or 6, who run a checkpoint in Iraq and towards the end four go to a house they had recently raided and detained a families father. One guy goes thinking he's going to keep them from getting killed and hopefully talk them out of it. He leaves before any atrocities happen and "stands guard". Another goes because he has been making a film of his Iraq experiences the whole time and for some reason the two rapists let him film. He does help hold the girl being raped down at one point so he had more involvement. Another soldier refuses to go and seems to be the moral compass of the film at all times.

 

The point of the movie is the toll that everyday life in Iraq is taking on our soldiers. You can stick your fingers in your ear and la la la all day if you want, but if you know any service members coming back from Iraq you know. My uncle still randomly awakes screaming in the night just from the memories of all the IED's which almost killed him. I believe he told us he kept track and had things explode around him 41 times.

 

At the same time, I thought the movie did a good job showing how boring day to day life can be. I've heard it said that time there is in slow motion with periodic moments of fast forward. Most time is spent just standing around bored out of your mind. It's the firefights and attacks which send their world into fast paced chaos. Try doing that again and again and see how healthy you come back. Post traumatic stress syndrome indeed.

 

Overall, it's a pretty average movie which probably steps a bit out of it's means in terms of scope. The actors are all nobodys and it's a grab bag performance. Some come across as believable, some a bit too wooden. Not a great film, certainly not even a good one, but an important one. Important so long as the average persons knowledge of these events sits at "nonexistent."

[baldprof]

Not to go off topic, but on the other topic of the thread, I actually saw Redacted (I know, crazy concept, wait until you see it to judge) and in no way shape or form does it attempt to paint the entire military as monsters. It centers around a small group of soldiers, 5 or 6, who run a checkpoint in Iraq and towards the end four go to a house they had recently raided and detained a families father. One guy goes thinking he's going to keep them from getting killed and hopefully talk them out of it. He leaves before any atrocities happen and "stands guard". Another goes because he has been making a film of his Iraq experiences the whole time and for some reason the two rapists let him film. He does help hold the girl being raped down at one point so he had more involvement. Another soldier refuses to go and seems to be the moral compass of the film at all times.

 

The point of the movie is the toll that everyday life in Iraq is taking on our soldiers. You can stick your fingers in your ear and la la la all day if you want, but if you know any service members coming back from Iraq you know. My uncle still randomly awakes screaming in the night just from the memories of all the IED's which almost killed him. I believe he told us he kept track and had things explode around him 41 times.

 

At the same time, I thought the movie did a good job showing how boring day to day life can be. I've heard it said that time there is in slow motion with periodic moments of fast forward. Most time is spent just standing around bored out of your mind. It's the firefights and attacks which send their world into fast paced chaos. Try doing that again and again and see how healthy you come back. Post traumatic stress syndrome indeed.

 

Overall, it's a pretty average movie which probably steps a bit out of it's means in terms of scope. The actors are all nobodys and it's a grab bag performance. Some come across as believable, some a bit too wooden. Not a great film, certainly not even a good one, but an important one. Important so long as the average persons knowledge of these events sits at "nonexistent."

 

 

Thank you for that post.

[jersey cubs fan]

Not to go off topic, but on the other topic of the thread, I actually saw Redacted (I know, crazy concept, wait until you see it to judge) and in no way shape or form does it attempt to paint the entire military as monsters. It centers around a small group of soldiers, 5 or 6, who run a checkpoint in Iraq and towards the end four go to a house they had recently raided and detained a families father. One guy goes thinking he's going to keep them from getting killed and hopefully talk them out of it. He leaves before any atrocities happen and "stands guard". Another goes because he has been making a film of his Iraq experiences the whole time and for some reason the two rapists let him film. He does help hold the girl being raped down at one point so he had more involvement. Another soldier refuses to go and seems to be the moral compass of the film at all times.

 

The point of the movie is the toll that everyday life in Iraq is taking on our soldiers. You can stick your fingers in your ear and la la la all day if you want, but if you know any service members coming back from Iraq you know. My uncle still randomly awakes screaming in the night just from the memories of all the IED's which almost killed him. I believe he told us he kept track and had things explode around him 41 times.

 

At the same time, I thought the movie did a good job showing how boring day to day life can be. I've heard it said that time there is in slow motion with periodic moments of fast forward. Most time is spent just standing around bored out of your mind. It's the firefights and attacks which send their world into fast paced chaos. Try doing that again and again and see how healthy you come back. Post traumatic stress syndrome indeed.

 

Overall, it's a pretty average movie which probably steps a bit out of it's means in terms of scope. The actors are all nobodys and it's a grab bag performance. Some come across as believable, some a bit too wooden. Not a great film, certainly not even a good one, but an important one. Important so long as the average persons knowledge of these events sits at "nonexistent."

 

Such an un-American post......

[Wheelimus]

Not to go off topic, but on the other topic of the thread, I actually saw Redacted (I know, crazy concept, wait until you see it to judge) and in no way shape or form does it attempt to paint the entire military as monsters. It centers around a small group of soldiers, 5 or 6, who run a checkpoint in Iraq and towards the end four go to a house they had recently raided and detained a families father. One guy goes thinking he's going to keep them from getting killed and hopefully talk them out of it. He leaves before any atrocities happen and "stands guard". Another goes because he has been making a film of his Iraq experiences the whole time and for some reason the two rapists let him film. He does help hold the girl being raped down at one point so he had more involvement. Another soldier refuses to go and seems to be the moral compass of the film at all times.

 

The point of the movie is the toll that everyday life in Iraq is taking on our soldiers. You can stick your fingers in your ear and la la la all day if you want, but if you know any service members coming back from Iraq you know. My uncle still randomly awakes screaming in the night just from the memories of all the IED's which almost killed him. I believe he told us he kept track and had things explode around him 41 times.

 

At the same time, I thought the movie did a good job showing how boring day to day life can be. I've heard it said that time there is in slow motion with periodic moments of fast forward. Most time is spent just standing around bored out of your mind. It's the firefights and attacks which send their world into fast paced chaos. Try doing that again and again and see how healthy you come back. Post traumatic stress syndrome indeed.

 

Overall, it's a pretty average movie which probably steps a bit out of it's means in terms of scope. The actors are all nobodys and it's a grab bag performance. Some come across as believable, some a bit too wooden. Not a great film, certainly not even a good one, but an important one. Important so long as the average persons knowledge of these events sits at "nonexistent."

 

Such an un-American post......

 

I asked myself why I hated freedom, but never got a response...

 

On the subject of "things we're supposed to be offended about" don't forget to NOT see The Golden Compass...it was written by an ATHEIST! If I get one more forward I'm gonna....

[CuseCubFan69]

Tribune sale closer to happening. The FCC proposed a waiver which gives Tribune time to comply with rules on concentration of media ownership. Great news.

 

David Faber is all over it.

 

I'm just providing a service. You think everybody watches CNBC? I surfed over there during a commercial on "Law and Order."

 

The acquital of a cop killer leads to the murder of a defense attorney.

 

 

Hey, I've seen this one, and I don't watch much L&O anymore. Free ad time for Fred!

 

That's interesting because I remember when Reagan ran for President and they would not show any of his movies due to free publicity (Or some other reason)

[Wheelimus]

I'm going to guess that if Fred gets the nomination they'll stop showing his LAO episodes.

 

So yeah, they aren't going anywhere.

[NCCubFan]

Tribune sale closer to happening. The FCC proposed a waiver which gives Tribune time to comply with rules on concentration of media ownership. Great news.

 

David Faber is all over it.

 

I'm just providing a service. You think everybody watches CNBC? I surfed over there during a commercial on "Law and Order."

 

The acquital of a cop killer leads to the murder of a defense attorney.

 

 

Hey, I've seen this one, and I don't watch much L&O anymore. Free ad time for Fred!

 

That's interesting because I remember when Reagan ran for President and they would not show any of his movies due to free publicity (Or some other reason)

Basically, it was due to equal time requirements. If they showed his movies they would have been required to give the same amount of time to his opponent.

[CuseCubFan69]

Tribune sale closer to happening. The FCC proposed a waiver which gives Tribune time to comply with rules on concentration of media ownership. Great news.

 

David Faber is all over it.

 

I'm just providing a service. You think everybody watches CNBC? I surfed over there during a commercial on "Law and Order."

 

The acquital of a cop killer leads to the murder of a defense attorney.

 

 

Hey, I've seen this one, and I don't watch much L&O anymore. Free ad time for Fred!

 

That's interesting because I remember when Reagan ran for President and they would not show any of his movies due to free publicity (Or some other reason)

Basically, it was due to equal time requirements. If they showed his movies they would have been required to give the same amount of time to his opponent.

 

Yeah, that was it....thanks NCCF!

[jersey cubs fan]

By Angela Moore

 

Tribune Co. (TRB) said Wednesday that it expects to close on the sale of the

Chicago Cubs, Wrigley Field and other assets in the first half of next year, as

the far-flung media company posted a 3.3% decline in November revenue, with

publishing and advertising slipping.

 

The publisher and broadcaster also said it still plans to complete its

going-private deal by the end of the current fiscal year.

 

Consolidated revenue for the period ended Nov. 25 was $413 million, down from

$428 million in the year-ago period. Consolidated operating expenses were 5%

lower than a year earlier.

 

The results come as Chicago-based Tribune is wrapping up its $8.2 billion deal

to go private in a complex arrangement engineered by Chicago real-estate magnate

Sam Zell. Earlier this month, the company said it plans to cut debt by as much

as $500 million. Many investors had been concerned that Tribune's heavy debt

load would jeopardize Zell's plan to take the company private for $34 a share.

 

Tribune expects to complete its disposition of the baseball team, the ballpark

and related real estate, and its interest in Comcast SportsNet Chicago in the

first half of 2008. It plans to use the proceeds to repay existing debt.

 

As stated previously, the company expects its going-private transaction to

close before the end of Tribune's 2007 fiscal year, following its satisfaction

of remaining closing conditions, including the receipt of a solvency opinion and

completion of the committed financing.

 

edited to shorten the quote

Edited December 12, 2007 by jersey cubs fan

[shnsajax]

Not having to worry about payroll, I think now I am just hoping the sale is completed by the All-Star break or the trade deadline. It looks like the delay is the actually deal to Zell is still ongoing. I don't mind waiting longer if we can get Cuban as the owner.

[RedIvyCub]

Not having to worry about payroll, I think now I am just hoping the sale is completed by the All-Star break or the trade deadline. It looks like the delay is the actually deal to Zell is still ongoing. I don't mind waiting longer if we can get Cuban as the owner.

 

Don't hold your breath...Tribune is waiting to sell until after the Zell transaction takes place because then they will be a privately held entity which does not have to answer to the shareholders. Means, they can sell to whomever they want...not the highest bidder. Even if it had to be the highest bidder, Selig would do like he did in Boston...cobble together a group to make them the highest bidder. That is how John Henry came on board.

[Irrelevant Dude]

Even if it had to be the highest bidder, Selig would do like he did in Boston...cobble together a group to make them the highest bidder. That is how John Henry came on board.

And just ook how terribly that turned out for the Red Sox. :wink:

[Clem Fandango]

http://sports.espn.go.com/mlb/news/story?id=3153685

Reports: Illinois sports agency in talks with Cubs to acquire Wrigley Field