Lovable losers? Not at this sale price
While the rest of baseball celebrated the start of another season with traditional bunting and ceremonial first pitches Monday, the owners of the Chicago Cubs took a different approach. Tribune Co. marked Opening Day 2007 by firing the opening gun for a bidding scramble for its team. The media giant's announcement that it will sell the Cubs after the 2007 season almost surely will draw a raft of frenzied, moneyed buyers and a price topping $600 million."I think every wealthy Chicagoan who's ever gone to Wrigley Field and dreamed of owning the Cubs is going to come out of the woodwork," one investment banker said. So at least for a day -- especially after the Cubs' Opening Day 5-1 loss in Cincinnati -- speculation on whether the team will contend for the playoffs has been supplanted by speculation on who'll contend for ownership. Jerry Colangelo, CEO of the NBA's Phoenix Suns and a Chicago native, acknowledged interest in the Cubs last fall. On Monday, he issued a carefully worded statement: "My intention is to monitor the process as it plays out during the course of the season." Dallas Mavericks owner Mark Cuban also has expressed interest in the Cubs before, as well as in the Pittsburgh Pirates. But in February, Cuban denied he was working on a bid for the Chicago team. He did not respond to an e-mail query from ESPN.com on Monday.
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