Sam Zell's purchase of the Tribune Company wrapped up this week, completing the transaction Cubs fans have been waiting on for years. During an introductory news conference, Zell said that he expected to sell the Cubs prior to Opening Day.
The process as described by the Tribune and people interested in the team was that it would be into the middle of 2008 before things got done, but it looks like Zell is ready to get a move on. The Cubs have not shared their books with possible buyers, but with Zell's no nonsense approach I think MLB may be in for a shock on how quickly this gets completed. We can only hope Zell gets his wish, and Cubs fans get theirs (Mark Cuban).
Zell ready to unload Cubs (Cubs.com)
Thursday, December 20, 2007
Sam Zell Ready to Sell
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