At press time, your chance to buy a baseball team from Sam Zell (what a cocktail party conversation starter!) is set to expire.
The real estate mogul turned newspaperman recently set 1 December as a bid deadline for the Chicago Cubs, a division of media holding company Tribune.
 |
|
Sam Zell |
Four bidders have already been identified: logistics entrepreneur Jim Crane; TD Ameritrade scion Tom Ricketts; Chicago real estate honcho Hersh Klaff; and Marc Utay, founder of New York private equity firm Clarion Capital Partners.
Bids could reach $1 billion. The deal would include ballpark Wrigley Field and a stake in a regional sports television network.
Given the state of the newspaper business, one wonders why Zell doesn't unload the inky assets and keep the Cubs instead. The Cubs may have not won a World Series in 100 years, but it's safe to say the internet doesn't pose an existential threat to the franchise.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: 
