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
Cubs to file Chapter 11
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grizzaholic
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Cubs to file Chapter 11
"What I'm saying is: You might have taken care of your wolf problem, but everyone around town is going to think of you as the crazy son of a bitch who bought land mines to get rid of wolves."
Justin Halpern
Justin Halpern
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AZGrizFan
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Re: Cubs to file Chapter 11
WAFJ. They spend like drunken sailors, sell out every game, and file BK? The bankruptcy system is BROKEN.
"Ah fuck. You are right." KYJelly, 11/6/12
"The future must not belong to those who slander the prophet of Islam." Barack Obama, 9/25/12
"The future must not belong to those who slander the prophet of Islam." Barack Obama, 9/25/12
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grizzaholic
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Re: Cubs to file Chapter 11
I think it has more to do with the company that owns the Cubs, right?AZGrizFan wrote:WAFJ. They spend like drunken sailors, sell out every game, and file BK? The bankruptcy system is BROKEN.
"What I'm saying is: You might have taken care of your wolf problem, but everyone around town is going to think of you as the crazy son of a bitch who bought land mines to get rid of wolves."
Justin Halpern
Justin Halpern