Chicago Cubs Reopen Talks with Rivals Bidders
CHICAGO/NEW YORK (Reuters) - Talks to sell the storied Chicago Cubs baseball team have reopened with a rival bidding group, and are continuing alongside negotiations with the original Ricketts family buyers, sources familiar with the situation said on Thursday. Tribune Co, which has been trying to sell the Cubs for more than two years, is talking to a group that includes private equity investors Marc Utay and Leo Hindery, three sources familiar with the situation said. Spokesmen for Tribune Co and Ricketts said their talks are ongoing and Ricketts spokesman Dennis Culloton described them as positive. Utay and Hindery declined to comment.
18 June 2009•1 min read
