In November of last year, former Arizona Diamondbacks and Phoenix Suns owner Jerry Colangelo mentioned that he had interest in purchasing the Chicago Cubs. Colangelo has multiple ties to the Chicago area which includes hailing from Chicago Heights, and playing basketball at Bloom High and the University of Illinois.

Now, with Sam Zell purchasing the Tribune Co. and looking to do a quick turn (something else we reported ahead of the curve) of the Cubs due to ownership in the White Sox, Colangelo is making his interest known again. As reported by the Chicago Tribune:

"I've already had a few calls about that from financial people if I'd be interested," Colangelo said Monday in a telephone interview. "My attitude is this: This is what I anticipated, that they'd be sold after the 2007 season. So I've put this on the shelf, and I'll wait and see what will transpire."

As to how he views the Cubs after the sale of the Tribune Co. to Zell. "Now we'll revisit it," Colangelo said. "It's fresh, it's new. I'm going to be watching with interest."

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