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The Chicago Cubs baseball team may file for Chapter 11 in order to speed its sale by its parent, bankrupt media company Tribune Co. , according to press reports.
The corporate owner of the Chicago Cubs is considering having the baseball team file for bankruptcy protection as a legal step to hasten its long-awaited sale, according to two people with knowledge of the process.
CHICAGO (AP) -- The corporate owner of the Chicago Cubs is considering having the team file for bankruptcy protection. People knowledgeable about the process say the move would hasten the club's long-awaited sale by cleaning up its books.
AP sources confirm Cubs exploring Chapter 11 bankruptcy filing as way to speed club's sale
The Chicago Cubs baseball team may file for Chapter 11 in order to speed its sale by bankrupt media company Tribune Co, two sources familiar with the process said on Monday.
The Chicago Cubs may file for bankruptcy in an effort to expedite the team's sale, Bloomberg News reported Monday. Tribune Co., owner of the Cubs, filed for Chapter 11 in December. The Bloomberg report said four people familiar with the team's planned sale said the Cubs are considering a separate bankruptcy filing. The news service described the potential Cubs bankruptcy as "a legal maneuver to ...
The corporate owner of the Chicago Cubs is considering having the baseball team file for bankruptcy protection as a legal step to hasten its long-awaited sale, according to two people with knowledge of the process. Tribune Co., which itself filed for bankruptcy protection in December, intends for the Cubs' own stay in Chapter 11 to be as short as a day or two.
By DAVE CARPENTER, AP Business Writer The corporate owner of the Chicago Cubs is considering having the baseball team file for bankruptcy protection as a legal step to hasten its long-awaited sale, according to two people with knowledge of the process.
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The proposal being discussed by Tribune Co., owner of the Cubs, would be designed to clear the team of liabilities and make its sale easier, sources say. The Chicago Cubs may consider a bankruptcy filing as part of closing the sale of the team, according to sources close to the major league ballclub.
The Chicago Cubs might file for Chapter 11 in order to speed their sale by bankrupt media company Tribune Co, two sources familiar with the process told Reuters on Monday.
So much for the plan to have Manny Acta's patient optimism lead the Washington Nationals out of the doldrums. The abysmal won-loss record became too much to stomach, costing him his job at the All-Star break and adding another layer of instability to the worst team in baseball
The owner of the Cubs is considering having the team file for Chapter 11.
CHICAGO Tribune Co. is looking at declaring the Chicago Cubs bankrupt to speed the sale of the team and its landmark Wrigley Field ball park, according to several reports Monday.
The Chicago Cubs may consider a bankruptcy filing as part of closing the sale of the team, according to sources close to the major league ball club.
