Joined: 10 Aug 2006
Posts: 678
Location: The wild blue yonder
Posted: Fri Jul 13, 2007 10:51 am Post subject: Cuban interested in Cubs
Imagine Cuban getting thrown out of the stadium by the umps.
Link
CHICAGO (AP) -- Add internet billionaire and Dallas Mavericks owner Mark Cuban to the list of potential Chicago Cubs buyers.
"I submitted an app," Cuban said in an e-mail to The Associated Press.
Interested parties must submit an application to Major League Baseball to examine the team's finances. Cuban told the Chicago Tribune he sent in the application last week, although he wasn't sure of the date.
Tribune Co., which owns the team, announced in April it was selling itself for $8.2 billion to Chicago real estate mogul Sam Zell, who made the deal contingent on shedding non-core assets. That means the Cubs will go on the auction block at the end of the season -- a decision Tribune chairman and CEO Dennis FitzSimons has conceded was difficult but one that "really makes sense for our shareholders."
Several potential deep-pocketed bidders are expected to vie for the Cubs and possibly for Wrigley Field, including Cuban and Chicago native Jerry Colangelo, the Phoenix Suns CEO who once ran the Arizona Diamondbacks.
The Tribune, citing unnamed sources, reported Thursday the family of Omaha, Neb.-based TD Ameritrade Holding Corp.'s founder Joe Ricketts also was considering a bid. Ricketts family representatives declined to comment on the report when contacted by The Associated Press on Thursday.
Forbes magazine recently valued the National League Cubs at $592 million, fifth-highest in baseball, although experts speculate the bidding could start at $600 million.
Joined: 10 Aug 2006
Posts: 806
Location: Phoenix, AZ
Posted: Fri Jul 13, 2007 2:48 pm Post subject:
Not a surprise, and I think Cuban would be great for the Cubs. Selig, though, seems to want a Chicago-area buyer. There's a Chicago businessman who is a part-owner of the Brewers who seems to be Bud's favorite, and he's already in with the owners, but I don't remember his name. I read an article about him a few weeks ago, but (damn my aged memory) I don't remember where.
Not a surprise, and I think Cuban would be great for the Cubs. Selig, though, seems to want a Chicago-area buyer. There's a Chicago businessman who is a part-owner of the Brewers who seems to be Bud's favorite, and he's already in with the owners, but I don't remember his name. I read an article about him a few weeks ago, but (damn my aged memory) I don't remember where.
Big help, huh?
John Canning
_________________ Arizona Diamondbacks
- 2007 National League West Champions
- 2007 NLDS Winners
- 2008 World Champions
CHICAGO - Mark Cuban wants to become a billionaire bleacher bum if he buys the Chicago Cubs.
The Dallas Mavericks owner, known for noisily cheering his NBA team and berating officials from courtside, reiterated strong interest Monday in owning the Cubs.
Tribune Co. announced six months ago that it would sell the club after the season in connection with an $8.2 billion buyout of the media conglomerate led by real estate magnate Sam Zell. But the process has moved slowly and many don't expect a sale to be completed until well into 2008.
Cuban said he hasn't made a final decision on whether to bid for the team. But once Tribune provides full details about the assets for sale, presumably including Wrigley, he expects to be in.
Cuban faces stiff early competition for the Cubs, including several Chicago groups. One front-runner is thought to be the group headed by John Canning, chairman of private equity firm Madison Dearborn Partners LLC and a longtime friend and business partner of baseball commissioner Bud Selig.
Dave Carpenter / AP Business Writer
_________________ Arizona Diamondbacks
- 2007 National League West Champions
- 2007 NLDS Winners
- 2008 World Champions
The owners will never allow Cuban to get the Cubs. Bud and the owners want to control costs. Cuban bidding for free agents does not control costs.
I hope he doesnt get the Cubs, gets pissed off, buys some shitty team like the Royals or Marlins. Then sues Buds and the owners asses off, gets control, spends like a madman, wins a world series and ends up broke.
Jon (Chicago): Hey Rob, does Mark Cuban really have any chance at all to buy the Cubs? The buzz here in Chicago is all for him, though I wonder if that's just because he's the only one here anybody's ever heard of who says he's interested....
ROB NEYER: I don't think it happens UNLESS Cuban threatens to bankrupt himself with the mother of all lawsuits. Cuban simply won't play by MLB's rules, and so they won't let him into the club.
_________________ Arizona Diamondbacks
- 2007 National League West Champions
- 2007 NLDS Winners
- 2008 World Champions
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