08-25-2009, 05:01 PM
<!--quoteo-->QUOTE <!--quotec-->Report: Kenney to stay with Cubs
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ESPNChicago.com
Chicago Cubs chairman Crane Kenney has an agreement in place with Tom Ricketts to stay in his current capacity as the team is being sold by Tribune Co. to the Ricketts family, according to ESPN 1000.
The agreement is for multiple years, a source close to Kenney told the radio station.
Tribune Co. and the Ricketts family signed a deal last week to transfer a 95 percent ownership stake in the Cubs, as well as Wrigley Field and a stake in Comcast SportsNet Chicago for $845 million. The sale won't be official until it is approved by a bankruptcy judge and 75 percent of the other baseball owners.
A judge has agreed to expedite the proceedings in the bankruptcy case, and a hearing is scheduled for Aug. 31.
Kenney is in his seventh year as the principal executive in charge of Cubs operations.<!--QuoteEnd--><!--QuoteEEnd-->
I hope this doesn't mean that Hendry is going to get any leeway.
Comment Email Print Share
ESPNChicago.com
Chicago Cubs chairman Crane Kenney has an agreement in place with Tom Ricketts to stay in his current capacity as the team is being sold by Tribune Co. to the Ricketts family, according to ESPN 1000.
The agreement is for multiple years, a source close to Kenney told the radio station.
Tribune Co. and the Ricketts family signed a deal last week to transfer a 95 percent ownership stake in the Cubs, as well as Wrigley Field and a stake in Comcast SportsNet Chicago for $845 million. The sale won't be official until it is approved by a bankruptcy judge and 75 percent of the other baseball owners.
A judge has agreed to expedite the proceedings in the bankruptcy case, and a hearing is scheduled for Aug. 31.
Kenney is in his seventh year as the principal executive in charge of Cubs operations.<!--QuoteEnd--><!--QuoteEEnd-->
I hope this doesn't mean that Hendry is going to get any leeway.