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Posted: **Mon Jul 13, 2009 2:19 pm**

CHICAGO -- The Chicago Cubs might file for Chapter 11 in order to speed their sale by bankrupt media company Tribune Co, according to several media reports.

Reuters first reported the story Monday, citing sources familiar with the process. If they file, the Cubs would become the first team to declare bankruptcy since the Seattle Pilots went belly-up in 1970.

http://sports.espn.go.com/mlb/news/story?id=4324073

Posted: **Mon Jul 13, 2009 3:29 pm**

WAFJ. They spend like drunken sailors, sell out every game, and file BK? The bankruptcy system is BROKEN.

Posted: **Mon Jul 13, 2009 3:33 pm**

AZGrizFan wrote:WAFJ. They spend like drunken sailors, sell out every game, and file BK? The bankruptcy system is BROKEN.

I think it has more to do with the company that owns the Cubs, right?

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Cubs to file Chapter 11

Cubs to file Chapter 11

Re: Cubs to file Chapter 11

Re: Cubs to file Chapter 11