No formal timetable set for sale of Cubs, MLB's DuPuy says

Updated: January 17, 2008, 7:56 PM ET
Associated Press

SCOTTSDALE, Ariz. -- The sale of the Chicago Cubs does not appear to be imminent.

Prospective buyers have been submitting to background checks, but Major League Baseball's ownership committee has not been given a formal financial offer to review.

"There is no formal timetable for a sale," Bob DuPuy, baseball's chief operating officer, said during a two-day owners' meeting that ended Thursday.

Tribune Co. said last month it anticipated closing on the Cubs sale by mid-2008. ...

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