Tuesday, October 06, 2009

Sale: Approved by MLB

David Kaplan reports that MLB owners have unanimously approved the sale of the Cubs to the Ricketts family by a vote of 29-0 via conference call.

The last two steps are the pre-packaged bankruptcy of the Cubs to clear away all contingent obligations of the Cubs to the Tribune and Shawon Dunston, followed by funding of the bank debt 10 days later.

The Trib could be out by Friday, October 23rd.

Let's hope Crane Kenney and Jim Hendry are out by Halloween.

Yeah, it's unlikely, but that would be a hell of a treat compared to the tricks they've played on us.

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