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Friday, July 18, 2008

NY Times: Bids For Chicago Cubs Submitted

Billion Dollar Cubbies...Badada!

The first bids for the storied Chicago Cubs baseball team and related assets were submitted on Friday in an auction that could fetch more than $1 billion, according to a source close to the process.

At least 10 potential owner groups have been approved by Major League Baseball to bid on the Cubs, as well as its home ballpark, Wrigley Field, and a stake in a sports TV network.

The source, who asked not to be identified because the sale process is continuing, submitted an indication of interest for all three assets.

Thanks to SteveM.

Andere HUSSEIN Richtingen, Socialist Posted: July 18, 2008 at 08:29 PM | 8 comment(s)
Related News: Business, Chi Cubs

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1. Voros Posted: July 18, 2008 at 09:11 PM (#2864388)

I put in $50 bucks and a collection of autographed seroquel bottles. I'm waiting for a response.

2. Baseballing powerhouse Crispix Attacks Posted: July 18, 2008 at 09:16 PM (#2864400)

Autographed by who? If it's Gouverneur Morris, you've got yourself a deal.

3. TVerik fondly recalls Todd Palin's facial hair Posted: July 18, 2008 at 09:17 PM (#2864402)

Before anyone asks:

Also expected to submit bids for the Cubs are ... Internet billionaire Mark Cuban, owner of the National Basketball Association Dallas Mavericks...

4. Brandon in MO (for America!) Posted: July 19, 2008 at 03:16 AM (#2864688)

I should probably partner up with Voros, because my bid of $9 and a Derek Jeter Rookie card may not be enough

5. Hyltzn Posted: July 19, 2008 at 03:30 AM (#2864690)

I submitted my bid. Do I get like an e-mail notifying me that I won?

6. freepass Posted: July 19, 2008 at 06:09 AM (#2864698)

Come on Voros, you only thought the Beatles and Kinks made one good record, up that offer!!!

7. Miko Supports Shane's Spam Habit Posted: July 19, 2008 at 03:56 PM (#2864900)

Hopefully, the winning ownership group will do a good job. I hope cubs fans will get to enjoy the benefit of good ownership resulting in some exciting championship seasons, and fans of other teams whining that you're now buying championships "just like the Yankees and Red Sox."

8. Srul Itza Posted: July 19, 2008 at 04:08 PM (#2864907)

fans of other teams whining that you're now buying championships "just like the Yankees and Red Sox."

You know, I wouldn't mind the whining if the Yankees actually DID buy championships. But ever since Big Stein started on his real spending spree with Jason Giambi, it has been "no rings for you". The may have spent good money before that, but the rings really came when Jeter/Mariano/Pettitte/Bernie/Mo were all still cost-effective.

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Friday, July 18, 2008

NY Times: Bids For Chicago Cubs Submitted

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