Cubs chairman thinks sale's imminent

Updated: January 17, 2009, 7:09 PM ET
Associated Press

CHICAGO -- Cubs chairman Crane Kenney has again said that he expects the team's sale to be completed by opening day.

Kenney told fans at the Cubs convention today that the list of potential buyers could be down to one by the end of the month.

He also left the door open -- slightly -- for Tribune Co. to hang onto the team at least a little longer.

The company put the Cubs on the market on opening day 2007, when it accepted a buyout from real estate mogul Sam Zell. Since then, Tribune has slowly whittled the list of potential buyers from 10 to three.

The sale could net $1 billion for the team and historic Wrigley Field.

Once Tribune accepts a bid, the potential buyer would have to be approved by Major League Baseball's ownership committee.


Copyright 2009 by The Associated Press

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