Cubs May Be Brought Into Trib’s Bankruptcy to Help Sale

sudler-sothebys-logo14 July 2009 ? Are the Cubs bankrupt? Well . . . not exactly. Their parent company Tribune Co. is currently in bankruptcy and is looking to possibly sell the team along with other assets like Wrigley Field. After originally leaving the team out of its original December filing the Tribune Co. is now considering adding the team to the bankruptcy docket. What does this mean for our beloved Cubbies and Wrigley Field? The Tribune Co. is in negotiations with the Ricketts family as well as Marc Utay, a New York investor to sell the team and its assets. Over $900 million to be exact. Some changes could be taking place in Lakeview in the next year or two.

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About Katie Anderson

Katie Anderson is a respected and successful broker at Sudler Sotheby's Realty as well as a certified appraiser. She specializes in representing clients who purchase and sell condominiums, town homes, single-family homes and income property in the Chicago land area. In her small amount time in the real estate game (she became an agent in 2003) she has assisted in excess of 400 deals and over $200 million in sales and continues to use her skills as a certified appraiser. Katie resides in Chicago's Bucktown neighborhood with her loving husband and 4-year-old-daughter, where she spends much of her spare time with her family and friends. You can contact her at katie@thechicago77.com or at andersonbraack.com

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