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Could Chapter 11 Help the Chicago Cubs Turn the Page?

July 13, 2009 by TAB BAMFORD 

Reports on Monday indicated that the Tribune Company is considering an option where the Chicago Cubs would declare bankruptcy.

This news likely confuses many onlookers, who have been taken on a strange journey by the off-the-field news surrounding the Cubs in the last few months.

First the team was sold, then it wasn't, then it was sold to two different groups...and now bankruptcy?

Really?

The reality, though, is that the Cubs filing for Chapter 11 bankruptcy protection would do little more than expedite the sale of the team, Wrigley Field, and the included stake in Chicago's regional Comcast Sportsnet cable television network.

By filing, it might make this thing happen faster.

So what could this...

Read Complete Article at Bleacher Report - Chicago Cubs
Article is property of BleacherReport.com

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