Tribune Co. is selling the Chicago Cubs. Odd timing. The Cubs are playing great ball and they could find themselves in post season play and possibly the World Series. Reports indicate that there are at least 10 serious parties willing to part with big bucks for the Cubs. Also "on the block" is Wrigley Field and a regional sports cable network. So, you have three money making entities. Figures of near a billion dollars are being mentioned. Why not? Anheuser Busch sold for $52 billion! The true value of a Major League Franchise is the resale value, especially after a world championship. Also, what I call the COOL FACTOR. How COOL would it be to own a major league baseball team! The COOL FACTOR is real! No MLB team owner has bought a franchise with money made in baseball. They are all uber rich from another field of business. Getting into the baseball biz was COOL for them!
So, why is Tribune Co. selling the team? Money. They need to pay off some bills. Ironic, that's the same reason that you and I are not in the bidding for the Cubs - we need to pay off some bills.
