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Update 101 on the Cubs Auction

So numbered for the nmber of years now and counting since the cubs won the World Series, comes news from the Deal Journal of the bids received by the Tribune Company for the Cubs. Confirmed bids were received from Tom Ricketts, the son of the founder of TD Ameritrade; Hersch Klaff, a Chicago real estate investor; and a partnership of two New York private equity moguls, Marc Utay and Leo Hindery. Mark Cuban did not return a call or email seeking confirmation as to whether he submitted a bid. Notably missing was the presumed frontrunner, Commissioner Bud's BFF, John Canning, Jr., a Chicago private equity investor and minority investor in the Milwaukee Brewers. This should continue to be a fascinating soap opera.

Full post as published by Sports Biz on December 03, 2008 (boomark / email).