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Friday, November 14, 2008

Report: Cuban has 'zero chance' of buying Cubs


From the Chicago Sun-Times

Cubs owner Sam Zell would love to sell the team to Mark Cuban.

Plenty of Cubs fans would love to have him own the team.

But that's not going to happen, according to the Chicago Sun-Times.

"There's no way Bud and the owners are going to let that happen. Zero chance," a Major League Baseball source told the paper this week.

The Cubs originally went on sale on Opening Day of the 2007 season, but there has been little movement toward a resolution.

The recent global financial crisis has only stalled it even more as the value of the team and ballpark has dropped from a high of $1 billion.

The source doesn't see a resolution any time soon, telling the paper, "We'll be standing here at next year's GM meetings and this will still be unresolved."

The paper says a group headed by John Canning Jr. is the likely front-runner.