UPDATE 7:15pm- The Chicago Tribune is reporting that the Ricketts Family has won the bidding with a 900 million dollar bid. The final details still need to be worked out with the Tribune and Ricketts family. GREAT NEWS!
UPDATE 4:50pm- According to the Suntimes Ricketts is the rumored favorite, read the article. It is a good read!
Here is some information on the owner situtation-
- SI.com's Jon Heyman has the Ricketts family as the favorite to buy the Cubs. Lets hope so!
- According to Richard Sandomir of the New York Times, the Tribune Company submitted a favorite among the three Cubs' bidders to their creditors. Check out this article for more information. If I understand this correctly the Tribune company made their decision today but we will have to wait for the final negotiations to go through. This is a change from what everyone was hearing yesterday that the winning bidder would be announced. All I want is for the new owner to talk to Hendry and give the OK to get Peavy. Is that too much to ask???