Friday, August 21, 2009

Tribune Finalizes $845 Million Sale
of Cubs, Wrigley Field, 25% Stake in SportsNet

Tribune Co. made it official Friday, announcing an $800 million deal to sell the Chicago Cubs, Wrigley Field and a 25% stake in Comcast SportsNet to the Ricketts family.

Tribune will retain a 5% stake in the assets, as expected, which means the overall transaction is valued at about $845 million, Tribune said. [Click for MORE]

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1 comment:

Chicago Bears Picks said...

I guess i just don't understand the sales process of MLB teams. Mark Cuban (Dallas Mavericks Owner) was rejected as being acceptable by the league owners and Bud Selig, even though he could have put in the highest bid. But man was this sale dragged out a long time.