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Baseball Primer Newsblog — The Best News Links from the Baseball Newsstand Thursday, July 24, 2008Cubs cut number of suitors to three, Cuban still in it
Selig just started sweating. His good friend doesn’t even make it into round two but Cuban does? Maybe he’s losing his touch.... Gamingboy
Posted: July 24, 2008 at 07:06 PM | 26 comment(s)
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Aaron and Canning? Selig would like that.
Craig Calcaterra has done a fine job of explaining why this opens the door for Mark Cuban to make some noise resulting in a lawsuit Selig really doesn't want, either filed himself or by the shareholders who currently own the Cubs (because the Cubs are obligated to maximize shareholder return on selling the team). Selig can't force the Tribune to do anything, and if Cuban's offer is simply for significantly more money than the other bidders, it could get miiiiighty interesting.
But Craig asked another question that has merit: Would Cuban really want to bother himself to work his way into a treehouse club that most of the other owners strongly don't want him in anyway?
The answer to your question is yes: The current crop of owners is an *extremely* risk-averse, allergic to controversy, PR-minded group that looks at Mark Cuban and sees an extremely dangerous loose cannon. They want no part of him being in the treehouse.
And Justin is probably right about Selig being more a minion than the lord of darkness himself, but it seems like he does get final say on a lot of things.
There are no shareholders. The Tribune was bought by Sam Zell and is now privately held. Zell could sue, but I wouldn't count on that.
No, but see post 12- ALL Zell cares about is maximizing his return, if Cuabn offers the most $, and Selig/owners veto, he won't meekly walk away and instead take the best offer that Selig will approve. He'll push.
Also if Cuban legitimately makes the best offer and it's vetoed because Selig & Co don;t want Cuban personally... and the result is a public fight- MLB owners don't want that. Most owners intend to sell eventually. If it is too obvious that getting to be an owner depends more on being clubby with the right individuals than with the amount of $ on the table that will suppress future bids for franchises. Why bid 675mm instead of 600mm if the extra $ makes no difference in whether your offer will be accepted?
I think the either (i) Cuban doesn't give a ####, or (ii) because of this, he wants it even more.
Why? The two situations are completely different.
They seem the same to me. D-bags in one form or another owned a team that won the Series. Actually, most owners are D-bags, but these three are especially egregious.
Meh. I'm not sure Zell is going to care enough to touch the trophy. And even if he did, is he worse than the Tribune Co.?
Cuban is obviously a sports fanboy, but he didn't get so wealthy throwing good money after bad, either.
I wonder if sports teams represent a bubble phenomenon, but the Cubs seem to have done pretty well financially, win or lose.
You never know. They've done very well recently, but only a sucker thinks the curve only goes up. Whenever you put out money, there's risk. 1.3 billion is a LOT of risk, even for a franchise like the Cubs.
If Cuban does buy the Cubs, then I think CC or Ben Sheets will be in Chicago next year. He's going to look to make a splash and sticking it to Milwaukee is just the kind of statement I bet he'd make.
His wealth is based on scamming Yahoo out of five billion for Broadcast.com. So it's very much fast money.
He sold it as fast as he could. He's no dummy.
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