Chicago Cubs For Sale
Add Internet billionaire and Dallas Mavericks owner Mark Cuban to the list of potential Chicago Cubs buyers. “I submitted an app,” Cuban said. Interested parties must submit an application to Major League Baseball to examine the team’s finances. Tribune Co., which owns the team, announced in April it was selling itself for $8.2 billion to Chicago real estate mogul Sam Zell, who made the deal contingent on shedding noncore assets. That means the Cubs will go on the auction block at the end of the season. Potential Chicago Cubs Owners: Chicago native Jerry Colangelo, Neb.-based TD Ameritrade Holding Corp.’s founder Joe Ricketts, Mark Cuban and more. Forbes magazine recently valued the National League Cubs at $592 million, fifth-highest in baseball, although experts speculate the bidding could start at $600 million.
