Wednesday, March 18, 2009

There's Nothing To See Here

We love to say, "We told you so":

The Cubs are likely to remain under the ownership of Tribune Co. through the early part of the season.

Cubs chairman Crane Kenney said Wednesday it "will be a challenge" to complete the sale of the team by opening day on April 6 and that talks between the Ricketts family and the Tribune are ongoing.

"There's a negotiation that's occurring, and like every negotiation, there's an issue or two that probably wasn't spotted early that needed to be resolved," he said. "None of them are in any way fatal to the transaction. It's standard stuff, I would say. And the credit markets are challenging, and this is a transaction that will have some amount of debt on it."

"And the credit markets are challenging."

Ya' think?

There's got to be a real possibility that this deal never gets done. Is that possibility greater than 50%? Don't know. But it's far greater than zero.

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