The Cubs Sale Thread

[NCCubFan]

Tribune is not a publically held company.

 

 

http://www.tribune.com/pressroom/releases/2007/12202007.html

 

That's right, but it's also not like selling a privately held company. Similar fiduciary obligations/issues apply as in the sale of a public company.

 

The fact that those harmed by acceptance of a lower bid are employees of the Tribune makes it all the less likely.

I think a key issue, though, is that it's the Trib that has the fiduciary responsibility, not MLB. If the Trib accepts the highest bid but MLB doesn't approve it the Trib couldn't be held liable. They will have done their part.

 

Sam Zell doesn't appear to be the type of guy that will would go down quietly. He bought the Tribune Co. to make money, and if Cuban is offering the most money, he is going to move heaven and earth to make sure that Cuban is approved.

And I hope he succeeds (I'm all for Cuban). However, if they're hell-bent against it, Zell can't FORCE MLB to approve Cuban.

[shnsajax]

The problem will only happen if Cuban is very close to another bidder. Will any one else even top 1.3 billion. If the next guy only goes to 1.2 Zell will fight till the bitter end, we are talking about 100 million.

 

The bottom line is someone is going to have to come very close to Cuban.

[javy knows my name]

1 - GoCubsGo!'s pet nicknames for everyone he hates have never been funny. They add nothing to your argument and make you look twelve.

 

2 - I don't understand why you guys gang up on RedIvyCub every time she posts here. Is it because she tells you something you don't want to hear? How do you so casually dismiss the fact that she was working in the front office every day and maybe, just maybe, has a firmer grasp on the inner workings of baseball than you do? It's embarrassing how you guys treat her.

 

Pack mentality.

Defensive, condescending posts

[RedFlash]

The problem will only happen if Cuban is very close to another bidder. Will any one else even top 1.3 billion. If the next guy only goes to 1.2 Zell will fight till the bitter end, we are talking about 100 million.

 

The bottom line is someone is going to have to come very close to Cuban.

 

This is why i think Cuban bid so high. I think he's banking on no other bidder going as high. Forcing baseball to have to accept his deal, because his bid by far the highest. I'm still cautiously optimstic about Cuban chances, but I still won't believe until I see tho.

[Soul]

Tribune is not a publically held company.

 

 

http://www.tribune.com/pressroom/releases/2007/12202007.html

 

That's right, but it's also not like selling a privately held company. Similar fiduciary obligations/issues apply as in the sale of a public company.

 

The fact that those harmed by acceptance of a lower bid are employees of the Tribune makes it all the less likely.

I think a key issue, though, is that it's the Trib that has the fiduciary responsibility, not MLB. If the Trib accepts the highest bid but MLB doesn't approve it the Trib couldn't be held liable. They will have done their part.

 

Sam Zell doesn't appear to be the type of guy that will would go down quietly. He bought the Tribune Co. to make money, and if Cuban is offering the most money, he is going to move heaven and earth to make sure that Cuban is approved.

And I hope he succeeds (I'm all for Cuban). However, if they're hell-bent against it, Zell can't FORCE MLB to approve Cuban.

 

He can make their lives pretty miserable if they stick to their guns though. From the little I've seen of Zell, I don't think he would have much problem lighting all kinds of fires to get what he wants. But if it's just money, I would think something could be worked out to help a more acceptable bidder come close to the top bid to satisfy that aspect of the equation.

[RedFlash]

Tribune is not a publically held company.

 

 

http://www.tribune.com/pressroom/releases/2007/12202007.html

 

That's right, but it's also not like selling a privately held company. Similar fiduciary obligations/issues apply as in the sale of a public company.

 

The fact that those harmed by acceptance of a lower bid are employees of the Tribune makes it all the less likely.

I think a key issue, though, is that it's the Trib that has the fiduciary responsibility, not MLB. If the Trib accepts the highest bid but MLB doesn't approve it the Trib couldn't be held liable. They will have done their part.

 

Sam Zell doesn't appear to be the type of guy that will would go down quietly. He bought the Tribune Co. to make money, and if Cuban is offering the most money, he is going to move heaven and earth to make sure that Cuban is approved.

And I hope he succeeds (I'm all for Cuban). However, if they're hell-bent against it, Zell can't FORCE MLB to approve Cuban.

 

Nor can MLB force Zell to sell to one of MLB's "approved" bidders. But I am pretty sure that there is enough owners (I believe 24 is the number of owners Cuban would need to get approvals from to become an owner of a MLB franchise) that is willing to break the "old boy network" for more money in their pockets.

[NCCubFan]

Nor can MLB force Zell to sell to one of MLB's "approved" bidders.

True; it could conceivably be a lengthy stalemate.

[RedIvyCub]

1 - GoCubsGo!'s pet nicknames for everyone he hates have never been funny. They add nothing to your argument and make you look twelve.

 

2 - I don't understand why you guys gang up on RedIvyCub every time she posts here. Is it because she tells you something you don't want to hear? How do you so casually dismiss the fact that she was working in the front office every day and maybe, just maybe, has a firmer grasp on the inner workings of baseball than you do? It's embarrassing how you guys treat her.

 

Pack mentality.

Defensive, condescending posts

 

Sorry you feel that way because that is not how it was meant in any way, shape or form. Just proof of how it is difficult to determine the emotion or the intent behind the written word.

[Peoriaman]

MLB had to approve Cuban getting a bid package. There is no problem getting any of these biddrs approved to buy the club.

[RedIvyCub]

MLB had to approve Cuban getting a bid package. There is no problem getting any of these biddrs approved to buy the club.

 

Only problem could be the owners. Just saying...not predicting because I was as floored as a lot of people were when the Canning group was cut out of final bidding. I think that is just until MLB links him up with another group but JMHO and nothing more based on what I have seen happen with past sales.

[BigbadB]

I'm hoping Cuban gets in, but whoever does win the bid and gets approved to be the new owner of the Cubs understands that there is a whole new climate in Chicago to win. I'd be furious if the new owner spent beyond their means to purchase the club and then dumped salary for the sake of recovering quickly the sunk cost.

 

That's what the Dodgers owner did (Rupert somebody).

 

The new owner will need to be able to meet the financial obligations of fielding a competitive team every year. The loveable losers tag is long gone, IMO. I think that's the one thing we can look back on the Andy MacPhail era and say was a true positive. He was able to increase payroll from the mid 60m's to above 100m from a publicly held corporation. That's saying something.

[dew1679666265]

I'm hoping Cuban gets in, but whoever does win the bid and gets approved to be the new owner of the Cubs understands that there is a whole new climate in Chicago to win. I'd be furious if the new owner spent beyond their means to purchase the club and then dumped salary for the sake of recovering quickly the sunk cost.

 

That's what the Dodgers owner did (Rupert somebody).

 

The new owner will need to be able to meet the financial obligations of fielding a competitive team every year. The loveable losers tag is long gone, IMO. I think that's the one thing we can look back on the Andy MacPhail era and say was a true positive. He was able to increase payroll from the mid 60m's to above 100m from a publicly held corporation. That's saying something.

 

Rupert Murdoch, I think.

[BigbadB]

I'm hoping Cuban gets in, but whoever does win the bid and gets approved to be the new owner of the Cubs understands that there is a whole new climate in Chicago to win. I'd be furious if the new owner spent beyond their means to purchase the club and then dumped salary for the sake of recovering quickly the sunk cost.

 

That's what the Dodgers owner did (Rupert somebody).

 

The new owner will need to be able to meet the financial obligations of fielding a competitive team every year. The loveable losers tag is long gone, IMO. I think that's the one thing we can look back on the Andy MacPhail era and say was a true positive. He was able to increase payroll from the mid 60m's to above 100m from a publicly held corporation. That's saying something.

 

Rupert Murdoch, I think.

 

That's what I was thinking it was, but it didn't sound right when I typed it up, so I replaced the last name with "somebody". At least I didn't say Rupert Holmes. :grin:

[jersey cubs fan]

I'm hoping Cuban gets in, but whoever does win the bid and gets approved to be the new owner of the Cubs understands that there is a whole new climate in Chicago to win. I'd be furious if the new owner spent beyond their means to purchase the club and then dumped salary for the sake of recovering quickly the sunk cost.

 

That's what the Dodgers owner did (Rupert somebody).

 

The new owner will need to be able to meet the financial obligations of fielding a competitive team every year. The loveable losers tag is long gone, IMO. I think that's the one thing we can look back on the Andy MacPhail era and say was a true positive. He was able to increase payroll from the mid 60m's to above 100m from a publicly held corporation. That's saying something.

 

Rupert Murdoch, I think.

 

That's what I was thinking it was, but it didn't sound right when I typed it up, so I replaced the last name with "somebody". At least I didn't say Rupert Holmes. :grin:

 

I don't believe Rupert Murdoch (FOX) spent beyond his means and then cut costs after purchasing the Dodgers. That may be what some people believe the current owner (McCourt did), but I'm not sure.

[BigbadB]

I'm hoping Cuban gets in, but whoever does win the bid and gets approved to be the new owner of the Cubs understands that there is a whole new climate in Chicago to win. I'd be furious if the new owner spent beyond their means to purchase the club and then dumped salary for the sake of recovering quickly the sunk cost.

 

That's what the Dodgers owner did (Rupert somebody).

 

The new owner will need to be able to meet the financial obligations of fielding a competitive team every year. The loveable losers tag is long gone, IMO. I think that's the one thing we can look back on the Andy MacPhail era and say was a true positive. He was able to increase payroll from the mid 60m's to above 100m from a publicly held corporation. That's saying something.

 

Rupert Murdoch, I think.

 

That's what I was thinking it was, but it didn't sound right when I typed it up, so I replaced the last name with "somebody". At least I didn't say Rupert Holmes. :grin:

 

I don't believe Rupert Murdoch (FOX) spent beyond his means and then cut costs after purchasing the Dodgers. That may be what some people believe the current owner (McCourt did), but I'm not sure.

 

Oh crap. I was way off base. I meant Frank McCourt. McCourt spent beyond his means to purchase the team and then cut costs the first few years he owned the team.

[dew1679666265]

I'm hoping Cuban gets in, but whoever does win the bid and gets approved to be the new owner of the Cubs understands that there is a whole new climate in Chicago to win. I'd be furious if the new owner spent beyond their means to purchase the club and then dumped salary for the sake of recovering quickly the sunk cost.

 

That's what the Dodgers owner did (Rupert somebody).

 

The new owner will need to be able to meet the financial obligations of fielding a competitive team every year. The loveable losers tag is long gone, IMO. I think that's the one thing we can look back on the Andy MacPhail era and say was a true positive. He was able to increase payroll from the mid 60m's to above 100m from a publicly held corporation. That's saying something.

 

Rupert Murdoch, I think.

 

That's what I was thinking it was, but it didn't sound right when I typed it up, so I replaced the last name with "somebody". At least I didn't say Rupert Holmes. :grin:

 

I don't believe Rupert Murdoch (FOX) spent beyond his means and then cut costs after purchasing the Dodgers. That may be what some people believe the current owner (McCourt did), but I'm not sure.

 

Oh crap. I was way off base. I meant Frank McCourt. McCourt spent beyond his means to purchase the team and then cut costs the first few years he owned the team.

 

I thought it seemed odd that Murdoch would cut costs at all, but I figured you knew more about the Dodgers than me anyway. :D

[RammyFanny]

Billionaire Mark Cuban, who's trying to buy baseball's Chicago Cubs, received a recommendation from an unexpected source: National Basketball Association Commissioner David Stern.

 

The owner of the Dallas Mavericks has been fined more than $1.3 million by Stern for criticizing referees. When asked what he would tell Major League Baseball owners about Cuban, Stern replied in an e-mail, "They should welcome him."

http://www.dailyherald.com/story/?id=224434&src=152

[dew1679666265]

Billionaire Mark Cuban, who's trying to buy baseball's Chicago Cubs, received a recommendation from an unexpected source: National Basketball Association Commissioner David Stern.

 

The owner of the Dallas Mavericks has been fined more than $1.3 million by Stern for criticizing referees. When asked what he would tell Major League Baseball owners about Cuban, Stern replied in an e-mail, "They should welcome him."

http://www.dailyherald.com/story/?id=224434&src=152

 

Hmmm, Stern is very much a traditionalist and would fit well in perceived "good ole boys" clubs. Seems like his recommendation would have quite a bit of impact for anyone riding the fence on Cuban.

[Outshined_One]

Billionaire Mark Cuban, who's trying to buy baseball's Chicago Cubs, received a recommendation from an unexpected source: National Basketball Association Commissioner David Stern.

 

The owner of the Dallas Mavericks has been fined more than $1.3 million by Stern for criticizing referees. When asked what he would tell Major League Baseball owners about Cuban, Stern replied in an e-mail, "They should welcome him."

http://www.dailyherald.com/story/?id=224434&src=152

 

Hmmm, Stern is very much a traditionalist and would fit well in perceived "good ole boys" clubs. Seems like his recommendation would have quite a bit of impact for anyone riding the fence on Cuban.

 

Stern knows Cuban has been good for the NBA, referee criticisms aside. Cuban took over the Mavericks and not only made them a contender, but also made them one of the most popular franchises in the NBA. Cuban may have been a disciplinary headache, but he's been one of the best things to happen to the NBA in the past few years.

[radarluv1]

maybe stern just wants to be rid of him

[dew1679666265]

Billionaire Mark Cuban, who's trying to buy baseball's Chicago Cubs, received a recommendation from an unexpected source: National Basketball Association Commissioner David Stern.

 

The owner of the Dallas Mavericks has been fined more than $1.3 million by Stern for criticizing referees. When asked what he would tell Major League Baseball owners about Cuban, Stern replied in an e-mail, "They should welcome him."

http://www.dailyherald.com/story/?id=224434&src=152

 

Hmmm, Stern is very much a traditionalist and would fit well in perceived "good ole boys" clubs. Seems like his recommendation would have quite a bit of impact for anyone riding the fence on Cuban.

 

Stern knows Cuban has been good for the NBA, referee criticisms aside. Cuban took over the Mavericks and not only made them a contender, but also made them one of the most popular franchises in the NBA. Cuban may have been a disciplinary headache, but he's been one of the best things to happen to the NBA in the past few years.

 

Very true. I'm pleased, but not surprised, that he got Stern's endorsement.

[NCCubFan]

I'm hoping Cuban gets in, but whoever does win the bid and gets approved to be the new owner of the Cubs understands that there is a whole new climate in Chicago to win. I'd be furious if the new owner spent beyond their means to purchase the club and then dumped salary for the sake of recovering quickly the sunk cost.

 

That's what the Dodgers owner did (Rupert somebody).

 

The new owner will need to be able to meet the financial obligations of fielding a competitive team every year. The loveable losers tag is long gone, IMO. I think that's the one thing we can look back on the Andy MacPhail era and say was a true positive. He was able to increase payroll from the mid 60m's to above 100m from a publicly held corporation. That's saying something.

 

Rupert Murdoch, I think.

 

That's what I was thinking it was, but it didn't sound right when I typed it up, so I replaced the last name with "somebody". At least I didn't say Rupert Holmes. :grin:

If you like Pina Coladas, and getting caught in the rain.

If you're not into yoga, if you have half-a-brain.

If you like making love at midnight, in the dunes of the cape.

You're the love that I've looked for, come with me, and escape.

[Schwarber Fan]

Cuban in the lead:

 

http://dealbook.blogs.nytimes.com/2008/07/31/cuban-said-to-lead-narrowed-list-of-cubs-bidders/

 

:beg:

[shnsajax]

Billionaire Mark Cuban, who's trying to buy baseball's Chicago Cubs, received a recommendation from an unexpected source: National Basketball Association Commissioner David Stern.

 

The owner of the Dallas Mavericks has been fined more than $1.3 million by Stern for criticizing referees. When asked what he would tell Major League Baseball owners about Cuban, Stern replied in an e-mail, "They should welcome him."

http://www.dailyherald.com/story/?id=224434&src=152

 

Hmmm, Stern is very much a traditionalist and would fit well in perceived "good ole boys" clubs. Seems like his recommendation would have quite a bit of impact for anyone riding the fence on Cuban.

 

Stern knows Cuban has been good for the NBA, referee criticisms aside. Cuban took over the Mavericks and not only made them a contender, but also made them one of the most popular franchises in the NBA. Cuban may have been a disciplinary headache, but he's been one of the best things to happen to the NBA in the past few years.

 

Very true. I'm pleased, but not surprised, that he got Stern's endorsement.

 

I showed the link a while back but when Cuban took over the Mavericks they were the 27th most valuable franchise, and he took them all the way to #3. Bottom line this is one of the most single important aspects a commish would care about.

 

Not to mention Cuban might have been right a long time ago with all the ref criticisms he had and the whole mess the NBA is now going through.

[TruffleShuffle]

Billionaire Mark Cuban, who's trying to buy baseball's Chicago Cubs, received a recommendation from an unexpected source: National Basketball Association Commissioner David Stern.

 

The owner of the Dallas Mavericks has been fined more than $1.3 million by Stern for criticizing referees. When asked what he would tell Major League Baseball owners about Cuban, Stern replied in an e-mail, "They should welcome him."

http://www.dailyherald.com/story/?id=224434&src=152

 

Hmmm, Stern is very much a traditionalist and would fit well in perceived "good ole boys" clubs. Seems like his recommendation would have quite a bit of impact for anyone riding the fence on Cuban.

 

Stern knows Cuban has been good for the NBA, referee criticisms aside. Cuban took over the Mavericks and not only made them a contender, but also made them one of the most popular franchises in the NBA. Cuban may have been a disciplinary headache, but he's been one of the best things to happen to the NBA in the past few years.

 

yeah, stern is, ahead of everything else, a businessman - not by trade, but in the way that he sells the NBA. the league wasn't in great shape when he started serving as general counsel; now it's a multibillion dollar enterprise that is popular all over the world. regardless of cuban's tantrums and complaints, stern knows that he bought a moribund franchise that was one of the laughingstocks of the league, and turned it into a perennial title contender. the mavs have more than doubled in value since cuban bought them. stern knows a good businessman when he sees one; that's why he supports cuban.