White Sox: 2005 World Series Champs
Cubs: 2009 Bankruptcy Filers the first MLB team in 39 years to do so.
We know there is a very shrewd business reason for this filing, but considering Cubs fans think their dominance in attendance means that they are the superior organization, a POTENTIAL BANKRUPTCY on the Cubs part is definitely worth 24-28 hours of Sox fans TALKING MAJOR TRASH!
Bloomberg: Chicago Cubs Bankruptcy Looms as Way to Finish Sale by Tribune
By Greg Bensinger and Gadi Dechter
July 13 (Bloomberg) -- The Chicago Cubs may become the first Major League Baseball team in 39 years to file for bankruptcy as Tribune Co. seeks to sell the franchise after months of negotiations.
Tribune sought Chapter 11 protection in December. It is contemplating a separate filing for the Cubs to expedite the team’s estimated $900 million sale to interested bidders, including Incapital LLC Chairman Tom Ricketts, according to four people familiar with the plan.
A brief Cubs bankruptcy would be a legal maneuver to clear the team from any future liability in the Tribune bankruptcy, according to two of the people familiar with the matter. Sam Zell, chief executive officer of Chicago-based Tribune, pledged the company’s interest in the Cubs as collateral when he negotiated the deal to take the publisher private in 2007, according to one of those people.
“You take it in the front door, and it’s just like you’re getting radiation,” said Michael J. Cramer, a former president of the Texas Rangers who teaches sports business at New York University. “It comes out the other door about a half minute later. It’s clean.”
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Showing posts with label Chicago Tribune. Show all posts
Showing posts with label Chicago Tribune. Show all posts
Monday, July 13, 2009
Tuesday, February 17, 2009
Chicago Tribune to Roland Burris: RESIGN
Chicago Tribune editorial: Roland Burris, resign
The benefit of the doubt had already been stretched thin and taut by the time Roland Burris offered his third version of the events leading to his appointment to the U.S. Senate. It finally snapped like a rubber band, popping him on that long Pinocchio nose of his, when he came out with version four.
Let’s see if we have it right: Burris had zero contact with any of Gov. Rod Blagojevich’s cronies about his interest in the Senate seat being vacated by President Barack Obama— unless you count that conversation with former chief of staff Lon Monk, and, on further reflection, the ones with insiders John Harris, Doug Scofield and John Wyma and, oh yeah, the governor’s brother and fund-raising chief, Robert Blagojevich. But Burris didn’t raise a single dollar for the now ex-governor as a result of those contacts because that could be construed as a quid pro quo and besides, everyone he asked refused to donate.
The story gets worse with every telling.
Enough. Roland Burris must resign.
His protests that he had nothing to hide just don’t square with his obvious attempts to hide something, as evidenced by the evolving truths in three sworn statements to the House impeachment panel. His Jan. 8 testimony before that panel contradicted the affidavit he’d filed three days earlier. On Feb. 5 he submitted a “clarification” detailing the contacts he’d failed to mention on the stand.
Now he has admitted that the governor’s brother hit him up to raise campaign cash, and in at least one conversation, Burris raised his prospects for being appointed to the Senate.
Rob Blagojevich’s attorney has acknowledged that the feds likely have at least one of those conversations on tape. Burris told reporters Monday night that he “talked to some people about trying to see if we could put a fund-raiser on,” but “they said ‘We aren’t giving money to the governor.’”
-snip-
The benefit of the doubt had already been stretched thin and taut by the time Roland Burris offered his third version of the events leading to his appointment to the U.S. Senate. It finally snapped like a rubber band, popping him on that long Pinocchio nose of his, when he came out with version four.
Let’s see if we have it right: Burris had zero contact with any of Gov. Rod Blagojevich’s cronies about his interest in the Senate seat being vacated by President Barack Obama— unless you count that conversation with former chief of staff Lon Monk, and, on further reflection, the ones with insiders John Harris, Doug Scofield and John Wyma and, oh yeah, the governor’s brother and fund-raising chief, Robert Blagojevich. But Burris didn’t raise a single dollar for the now ex-governor as a result of those contacts because that could be construed as a quid pro quo and besides, everyone he asked refused to donate.
The story gets worse with every telling.
Enough. Roland Burris must resign.
His protests that he had nothing to hide just don’t square with his obvious attempts to hide something, as evidenced by the evolving truths in three sworn statements to the House impeachment panel. His Jan. 8 testimony before that panel contradicted the affidavit he’d filed three days earlier. On Feb. 5 he submitted a “clarification” detailing the contacts he’d failed to mention on the stand.
Now he has admitted that the governor’s brother hit him up to raise campaign cash, and in at least one conversation, Burris raised his prospects for being appointed to the Senate.
Rob Blagojevich’s attorney has acknowledged that the feds likely have at least one of those conversations on tape. Burris told reporters Monday night that he “talked to some people about trying to see if we could put a fund-raiser on,” but “they said ‘We aren’t giving money to the governor.’”
-snip-
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