Yet Another Twist in the Sale of Cubs

July 22, 2009 by  

Another potential complication to the Ricketts family final purchase of the Chicago Cubs has arisen. According to IRN News the Chicago Tribune Company, who bought the Cubs in 1981 for $21 million, may have to take the team into bankruptcy to clear the Tribune company of any future debts related to its ownership of the team.

This would allow bidders, including the Rickettt's family, to make new bids for the team. It is believed the asking price for the Cubs and Wrigley Field is $900 million. That number may be a little high, since Bleacher Report - Chicago Cubs
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