Wednesday, May 14, 2008

Meet the New Owner, Same as the Current Owner?

Now, the sale may be delayed a while longer. Typical for the Trib business section, they buried the lede:

Sources involved in the bidding process said word is filtering back to those potential buyers that Tribune Co. will hold onto the team rather than sell at distressed prices if would-be buyers drop their prices too steeply in anticipation of having to pay for Wrigley Field renovations themselves.

It seems Wrigley only has 10 to 15 years of life left to it. Fewer years if a chunk of concrete falls and kills someone.

Speculation was that liability shields were a big reason why the Tribune Company wanted to sell Wrigley Field to ISFA. That seems to be more and more true.

Also, how hilarious would it be if the holdup to a sale were Wrigley Field itself? Could it be Eight Belles for the goose that laid the Trib's golden egg?

For the first time, I'm starting to think that the idea of the Cubs playing in a brand spanking new ballpark is a genuine possibility.

Oh, the Cub Game Fans will be gnashing their tooth...

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