14 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.Email This Post To a Friend.
Cubs May Be Brought Into Trib’s Bankruptcy to Help Sale
July 14, 2009
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