According to the Tribune Company's last 10-Q filing with the SEC in November 2008, the Cubs baseball team is up for sale and will likely be 'disposed of' in 2009. See this link for more info: http://corporate.tribune.com/tribune_sec/investors_test.php?page=secfilings
After all, it has been no secret that the Tribune Co., owner of the Cubs team, has seen better times, financially-speaking. In November, Standard & Poor's cut the company's ratings even deeper into 'junk' territory, citing financing difficulties. More recently, some rumors are swirling that the company may even seek out bankruptcy protection, if things do not turn around in the very near term.
Given the company's financial difficulties, many wonder if the sale of the Cubs will even bring 'fair market value' for its owner? Of course, their now 100-year title drought for a World Series win could also factor into the final price tag.
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This blog post by Chris Wathen was also published in his Linton, Indiana based Greene County Daily World blog entitled, "Riddle Me This".
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