The Cubs Sale, Still Bumbling Along
Oh hey: remember when the Tribune Co. was totally selling the Cubs by the end of last season? But another season has come and gone and the old Cubbies still belong to them? Yes, you do. Because that is what has happened.
And yup, you guessed it: this country’s financial climate is going to stall things even longer. At least according to Mark Cuban, everyone’s favsie sports owner.
“Yeah, it’s going to affect the deal structure,” Cuban said. “Because of the way the deal was originally meant to be structured, it’s going to create a challenge. So it’ll certainly have an impact. Anytime the cost of capital goes up, the cost of assets goes down. Which is what you’re seeing in the stock market.”
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“Oh, God, I have no idea,” he said. “Honestly, they’d be crazy to do something now. Because it’s not optimal for them, and it’s not optimal for the buyer. So there’s not really a rush. Nothing’s going to change. They weren’t asking everybody about should they opt in on (pitcher) Rich Harden. They’re doing what they need to do.”
So, this continues to drag. At this point: it should be off little consequence to the Cubs. As Cuban notes, they’re going to keep going about their business and making what they deem to be the right moves as far as personnel and finances are concerned.
Bonus post kicker: have you seen the new Jake and Amir video yet? Because it is totes hi-lar-ious.


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