Jump to content
North Side Baseball

Re: Sale of Cubs to Ricketts Complete (p. 15)

17 Seconds

By 17 Seconds,
in Chicago Cubs Talk

 Share
shnsajax Iowa Cubs

shnsajax

Old-Timey Member
Posted
Posted
At what point does MLB step in and give the Trib a deadline? They can't just let this drag on and on and hold the payroll hostage forever.

 

MLB probably thinks it's a good thing to keep the Cubs payroll stagnant.

 

But in reality these negotiations have not held the payroll hostage. It's risen steadily since it was announced they were up for sale. It's Hendry's fault for committing the 2009/2010 dollars that he committed if he feels held hostage at this point.

 

Why, its in their best interest just to have the Cubs in the playoffs.

  • Replies 488
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

biittner77 South Bend Cubs

biittner77

Old-Timey Member
Posted
Posted
At what point does MLB step in and give the Trib a deadline? They can't just let this drag on and on and hold the payroll hostage forever.

 

MLB probably thinks it's a good thing to keep the Cubs payroll stagnant.

 

But in reality these negotiations have not held the payroll hostage. It's risen steadily since it was announced they were up for sale. It's Hendry's fault for committing the 2009/2010 dollars that he committed if he feels held hostage at this point.

 

Why, its in their best interest just to have the Cubs in the playoffs.

 

Bud Selig used to own the Brewers.

jersey cubs fan GOAT

jersey cubs fan

Old-Timey Member
Posted
Posted
At what point does MLB step in and give the Trib a deadline? They can't just let this drag on and on and hold the payroll hostage forever.

 

MLB probably thinks it's a good thing to keep the Cubs payroll stagnant.

 

But in reality these negotiations have not held the payroll hostage. It's risen steadily since it was announced they were up for sale. It's Hendry's fault for committing the 2009/2010 dollars that he committed if he feels held hostage at this point.

 

Why, its in their best interest just to have the Cubs in the playoffs.

 

Keep prices down.

Irrelevant Dude Knoxville Smokies

Irrelevant Dude

Old-Timey Member
Posted
Posted
It's Hendry's fault for committing the 2009/2010 dollars that he committed if he feels held hostage at this point.

I partially agree that Hendry has nobody to blame but himself for how he has committed a generous payroll. At the same time, I can't blame him for committing all his available resources up front. If the Cubs' budget is run anything like other corporations, unspent dollars are often removed from the budget altogether. Maybe he felt that if he didn't spend the money, he was going to lose it anyway.

cbbryan ACL Cubs

cbbryan

Old-Timey Member
Posted
Posted
If MLB doesn't set a deadline soon won't the bankruptcy court liquidate the Cubs at some point? I'm not a legal expert, but it seems to make sense.
jersey cubs fan GOAT

jersey cubs fan

Old-Timey Member
Posted
Posted
It's Hendry's fault for committing the 2009/2010 dollars that he committed if he feels held hostage at this point.

I partially agree that Hendry has nobody to blame but himself for how he has committed a generous payroll. At the same time, I can't blame him for committing all his available resources up front. If the Cubs' budget is run anything like other corporations, unspent dollars are often removed from the budget altogether. Maybe he felt that if he didn't spend the money, he was going to lose it anyway.

 

Yes, if he was given a $105m budget in 2007 it woulddn't have made sense to only spend $80m, but that doesn't mean he had to commit future dollars.

 

Hendry operated under the assumption that he had to win in 07/08 to remain employed past that point.

E.J. Chicago Cubs

E.J.

Old-Timey Member
Posted
Posted

Ricketts, Tribune Closer to Cubs Deal

Tom Ricketts may be back in the driver's seat to buy the Chicago Cubs.

 

The Chicago Tribune quoted sources as saying the Ricketts family and Tribune Co. have made "good progress" recently in negotiations to reach an agreement on the sale of the Cubs, Wrigley Field and a 25 percent stake in Comcast SportsNet Chicago.

 

Talks stalled more than a month ago when the two sides could not agree on some issues, including how to value the team's broadcast rights.

 

"We're closing the gap," a source told the newspaper. "The attitudes are much more positive."

 

One reason talks have stepped up could be because the Tribune Co. reopened talks with another bidding group led by New York investor Marc Utay. The Ricketts family was selected as the winning bidder five months ago in a drawn-out auction that began with 10 offers.

E.J. Chicago Cubs

E.J.

Old-Timey Member
Posted
Posted

David Kaplan's Twitter:

 

I have learned exclusively that the sale of the Cubs should be agreed to with the Ricketts family withing 2 weeks.

 

Look for MLB to approve the sale of the Cubs to the Ricketts family by the end of August! Breaking News from David Kaplan
BCVM22 Myrtle Beach Pelicans

BCVM22

Verified Member
Posted
Posted
And now the obvious question, can the Ricketts family start authorizing payroll decisions as soon as the sale is agreed upon or does MLB have to approve the sale before that can happen?
Old Style Knoxville Smokies

Old Style

Old-Timey Member
Posted
Posted
Good. Now go rescue Jake Peavy.

 

How about we spend that money on a big mothertrucking bat?

 

That's what I'd do.

As much as I'd love to add Peavy to the team, starting pitching is the least of our concerns right now. A bat and another bullpen arm rank higher on the list of needs.

TruffleShuffle Cooperstown

TruffleShuffle

Old-Timey Member
Posted
Posted
David Kaplan's Twitter:

 

I have learned exclusively that the sale of the Cubs should be agreed to with the Ricketts family withing 2 weeks.

 

Look for MLB to approve the sale of the Cubs to the Ricketts family by the end of August! Breaking News from David Kaplan

 

rather pompous

Keener98 Knoxville Smokies

Keener98

Old-Timey Member
Posted
Posted
I kinda hope this drags on to February now and Utay gets the Cubs just so Kaplan can be incredibly wrong. Hate this clueless moron.

 

 

I hate Kaplan too, but this is one thing I hope hes right on just so the sale can be over

CubColtPacer South Bend Cubs

CubColtPacer

Community Moderator
Posted
Posted
Tribune Co. finalizes deal to sell Cubs, Wrigley

 

http://www.chicagobreakingnews.com/2009/07/cubs-sales-deal-finalized.html

Does this impact us right now in any way? Can we now make some moves that we couldn't before - or are we just a bit further along towards that goal??

 

It depends on what the terms of the agreement was. Ricketts still would have to get the Tribune's permission to authorize any moves. My guess is the Tribune won't authorize it, so the situation probably hasn't changed until both MLB and the courts approve the sale. There is a small chance though that Ricketts negotiated a little bit of wiggle room on the payroll that he could have during this process.

jersey cubs fan GOAT

jersey cubs fan

Old-Timey Member
Posted
Posted
Tribune Co. finalizes deal to sell Cubs, Wrigley

 

http://www.chicagobreakingnews.com/2009/07/cubs-sales-deal-finalized.html

Does this impact us right now in any way? Can we now make some moves that we couldn't before - or are we just a bit further along towards that goal??

 

We're a good bit further along towards that goal. But it probably depends on how much Ricketts really wants to improve payroll. Acquired businesses very frequently begin doing the bidding of the new owner before sales are fully complete, as long as the agreement is strong. Once the Trib and Ricketts agree and then pass that news along to the others who need to review it, that would be the case.

Old Style Knoxville Smokies

Old Style

Old-Timey Member
Posted
Posted
Wasn't Ricketts hand picked by Selig? There's no way he doesn't get approved. As long as fan boy Ricketts says OK, Hendry sould be able to add some payroll now.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
The North Side Baseball Caretaker Fund
The North Side Baseball Caretaker Fund

You all care about this site. The next step is caring for it. We’re asking you to caretake this site so it can remain the premier Cubs community on the internet. Included with caretaking is ad-free browsing of North Side Baseball.

Become a Caretaker

  • Member Statistics

    6,793
    Total Members
    13,056
    Most Online
    Kevin OBrien
    Newest Member
    Kevin OBrien
    Joined
×
×
  • Create New...