The Cubs May Not Be Getting Sold Afterall. Sonofa....

By: T.R. Slyder, TRSlyder@yahoo.com

I hope the Cubs get sold to the Ricketts family. This news is pretty non-bodacious.

Update: It looks like the sticking point is the contracts of broadcasting rights. Since Wrigley is too old/historic to renovate/overhaul, the revenue garnered from game attendance is relatively fixed. So the owners would have to squeeze all the money out of broadcasting rights that it possibly could. That then puts a premium for the Ricketts family on getting an acceptable valuation of the Cubs media outlets- therein lies the problem. The Cubs' partial ownership of CSN and ownership of WGN tv and radio have created a very costly gray area in that process.