 Mark
Cuban Buying the Cubs?
Dallas Mavericks
billionaire owner Mark Cuban has applied to buy the
Chicago Cubs. "I submitted an app," Cuban said
in an e-mail to The Associated Press.
Carrie Stroup here
with the latest on the Mark Cuban inquiry.
Cuban told the
Chicago Tribune he sent in the application last
week, although he wasn't sure of the date.
The Cubs are up for
sale because its owner, the Tribune Co., is selling
itself to Chicago real estate mogul Sam Zell for
$8.2 billion. That deal was contingent on the media
company selling its non-core assets, including one
of the most fabled franchises in sports at the end
of the season.
Tribune chairman and CEO Dennis FitzSimons has
conceded it was difficult decision, but one that
"really makes sense for our shareholders."
Several potential deep-pocketed bidders are expected
to vie for the Cubs and possibly for Wrigley Field,
including Cuban and Chicago native Jerry Colangelo.
Mark Cuban became a
billionaire after starting Broadcast.com in 1998 and
selling it to Yahoo! during the Dot-com boom.
Cuban received $5.9 billion in Yahoo! stock.
The Chicago Cubs
have been at around .500 and are listed with
10 to
1 odds of winning the 2007 World Series at Super
Book.
---
Carrie Stroup,
Sports911.com
Originally
published July 13, 2007 10:33 pm ET
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