07-07-2009, 03:25 PM
Report of second Cubs sale deal disputed
Comments
July 7, 2009
SUN-TIMES STAFF REPORT
A report Tuesday that Tribune Co. has a second agreement to sell the Cubs, this one to a group led by private equity investor Marc Utay, is untrue, a source told the Sun-Times.
Reuters News Service, attibuting information to "two sources familiar with the sale process," said the deal gives the company two offers to submit to the bankruptcy court.
A source told the Sun-Times the Reuters account is untrue and that Tribune has no final agreement with any party to acquire the team.
On Monday, Reuters reported the Cubs had reached a deal to sell the Cubs to the Ricketts family. However, the report appears to have been incorrect.
A source close to the Ricketts family told the Sun-Times Monday that the family and Tribune were "very, very close" to an $850 million to $900 million deal but that reports of a completed deal were "premature."
Comments
July 7, 2009
SUN-TIMES STAFF REPORT
A report Tuesday that Tribune Co. has a second agreement to sell the Cubs, this one to a group led by private equity investor Marc Utay, is untrue, a source told the Sun-Times.
Reuters News Service, attibuting information to "two sources familiar with the sale process," said the deal gives the company two offers to submit to the bankruptcy court.
A source told the Sun-Times the Reuters account is untrue and that Tribune has no final agreement with any party to acquire the team.
On Monday, Reuters reported the Cubs had reached a deal to sell the Cubs to the Ricketts family. However, the report appears to have been incorrect.
A source close to the Ricketts family told the Sun-Times Monday that the family and Tribune were "very, very close" to an $850 million to $900 million deal but that reports of a completed deal were "premature."