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Mark Cubans Cubs? He’s Prepared to Fork Over $1.3 billion

Written by:
Don Shapiro
Published on:
Aug/04/2008

Dallas Mavericks owner Mark Cuban wants the Chicago Cubs so bad he is prepared to spend $1.3 billion to get them. A drop in the bucket for Cuban? Maybe.

That bid was well above what the Cubs are actually worth. And this is a team that has not won a World Series in 100 years. It's only been a century.

This could actually be the Chicago Cubs year. They have the second best record in Major League Baseball (after the LA Angels). The odds makers at Bodoglife.com have the Cubs listed with 4/1 odds of winning the 2008 World Series.

Regardless, this is a good team that will likely only get better under Cuban's reign. He's the favorite to own them next.

Crain's Chicago Business recently quoted one of the bidders as saying Cuban is now "the lead guy" in the battle to buy the Cubs, while Boston Red Sox owner John Henry said in an e-mail to the New York Times that he could think of "no one better suited to reverse the fortunes of the Cubs for the long term" than Cuban. [...]

"I think the only thing we care about is that whoever gets it is committed to winning," he said. "We don't want someone coming in here and all they care about is making money and cutting payroll and putting it in his pocket."

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