aciclovir crema 10 mg lexapro 10mg vs 20mg anxiУЉtУЉ peut 20 mg cialis en prise quotidienne la nystatine et d'acУЉtonide de triamcinolone achat bupropion hcl sr onglet sr 100mg accutane poursuite du canada 2012 quel est le prix pour levitra ce sera de 125 mg de benadryl faire bupropion hcl 50mg bupropion hcl sr onglet 12 150 mg chimiste de l'entrepУДt de viagra des coУЛts lexapro vs gУЉnУЉriques singulair bУЉbУЉ 4 mg generico prednisone cortancyl 20 mg royaume-uni viagra gУЉnУЉrique en ligne coupon pour gУЉnУЉrique valtrex la rosuvastatine liste de prix acheter cytotec en ligne le lendemain de l'expУЉdition tegretol cr200mg acheter prednisolone liquide acheter phenergan 25mg uk lamisil pilules grossesse arimidex 1 mg gУЉnУЉrique accutane coУЛt avec tricare puis-je acheter prilosec otc au canada lexapro gУЉnУЉrique prix photos gУЉnУЉrique zoloft pilules alli gУЉnУЉrique orlistat acheter neurontin canadian pharmacy zyrtec d walgreens prix lexapro gУЉnУЉrique УЉquivalent 25 mg zoloft anxiУЉtУЉ qual o generico ne lasix aciclovir 250 mg frasco ampolla oУЙ acheter de la crУЈme de premarin en ligne aldactone 10 mg marque gУЉnУЉrique pour diovan cephalexin 500mg et de la biУЈre clomid 50mg jours 5-9 jumeaux anafranil vente levitra 5 ou 10 mg doxycycline ritemed prix metformin commander en ligne canada est clomid lУЉgal pour acheter en ligne oУЙ puis-je acheter viagra en ligne meilleur prix sur cialis 5mg obat voltaren comprimУЉ de 50 mg comment acheter du viagra en europe inderal 40mg ce est dans motrin 800 mg ne cvs vendre viagra gУЉnУЉrique commander du viagra en ligne pas cher finasteride 1 mg de nem ranitidine ingrУЉdients 150 mg walmart pharmacie prix viagra lipitor atorvastatine 80 mg propranolol 40 mg deux fois par jour tretinoin pharmacie en ligne orlistat 120mg en indonУЉsie acheter flonase gУЉnУЉrique 20 mg lexapro vs 10mg pas cher viagra etats-unis finpecia inhouse pharmacy reviews orlistat royaume-uni acheter en ligne viagra prix en australie puis-je acheter promУЉthazine la codУЉine sirop en ligne effexor 37.5 mg vidal prograf 1 mg prix orlistat 60 mg rezeptfrei propranolol lp 160 mg acheter cephalexin canada novartis femara prix combien de temps faut-25 mg de zoloft prendre de travailler voltaren generico bula acheter lotrisone cream cymbalta 30mg perles faible coУЛt effexor viagra 100mg l'alcool cymbalta costco pharmacy ce qui se passe si vous prenez deux pilules singulair quel est le nom gУЉnУЉrique de la fluoxУЉtine apo-doxycycline 100mg caps exelon dessУЈche 9,5 mg gУЉnУЉrique lexapro moins cher singulair en pУЉdiatrie 4 mg effets secondaires coУЛt de celebrex У cvs cialis prix le moins cher royaume-uni nexium l'estomac pilules gУЉnУЉrique benadryl prix co-amoxiclav augmentin 625mg caverta acheter en inde onglet.dapoxetine 30mg qu'est-ce que metformine hcl er comprimУЉ de 500 mg quel est le coУЛt de viagra en inde paxil oУЙ acheter lipitor prix cvs motrin 600 mg wiki oУЙ puis-je acheter orlistat royaume-uni seroquel xr pour le trouble dУЉpressif majeur la rУЉussite sur clomid 100mg 30 mg de prednisone pendant 5 jours celexa gУЉnУЉrique pour avis risperdal 1 mg marque gУЉnУЉrique de diflucan acheter viagra yahoo gУЉnУЉrique viagra ranbaxy zoloft trouble de conversion abilify acheter canada cvs singulair gУЉnУЉrique xenical canada coУЛt augmentin 625 prix neuf viagra royaume-uni vente propranolol acheter en ligne australie comment prendre le cialis 10mg lorazepam neuraxpharm 2 5 mg les images du gУЉnУЉrique effexor metformin 800 mg effets secondaires voltaren retarder 75 mg ЮДЮПЯƒЮПЮЛЮПЮГЮЙЮБ walmart pharmacie clopidogrel mieux nous pharmacie prix de viagra seroquel xr gУЉnУЉrique canada acheter cipro 500mg achat aldara en ligne rosuvastatin calcium 20mg effets secondaires soins de santУЉ au canada cialis metformin hcl 1 000 mg tab coУЛt de lotrisone zantac 150 mg la thuoc gi acheter phenergan liquide lisinopril 40 mg gУЉnУЉrique ne synthroid pilules expire acheter arimidex nolvadex motilium canada pharmacie solupred 20 mg prednisolone comprime orodispersible olanzapine apotex 10mg tinidazole tablets 500mg effets secondaires accutane 10 mg roaccutane par roche pouvez-vous prendre 2 cialis 10mg viagra gУЉnУЉrique vendu aux УЉtats-unis pouvez-vous boire de l'alcool avec de la prednisone 10 mg effexor acheter viagra cialis levitra comparaison de prix gУЉnУЉrique cialis 30 mg cozaar 25 mg prix escitalopram 10 mg prУЉsentation est tricor gУЉnУЉrique disponible valtrex vs zovirax coУЛt viagra gУЉnУЉrique coУЛt walmart hydrochlorothiazide 25 mg comprimУЉs les chances de l'ovulation sur clomid 100mg combien de mg de clindamycine dois-je prendre pour une uti zanaflex 2mg prix de la rue n'prescription zyrtec vous rendre somnolent metformin 500 mg comprimУЉs effets secondaires plavix 75 le prix coУЛt de propecia proscar vs lexapro gУЉnУЉrique canada acheter keflex online uk achat tamoxifen royaume-uni risperdal consta 37,5 mg im font-ils du viagra gУЉnУЉrique topamax vs gУЉnУЉrique perte de poids orlistat 12 mg crestor 10 mg prix canada uso de de finasteride 5mg effets secondaires zocor 40 mg marque gУЉnУЉrique pour periactin propecia achat prilosec costco 75 mg zoloft et la grossesse combien d'ordonnance pour le viagra achat de viagra en vegas lamisil pilules travail meilleur endroit pour acheter zoloft quand zetia gУЉnУЉrique aller accutane prix en pharmacie est singulair corticostУЉroУЏdes lasix marque gУЉnУЉrique nom solutions de rechange moins cher diovan ampicillin 500 mg wikipedia seroquel 200mg tabs doxycycline gУЉnУЉrique en ligne cialis demir kutu 380 mg pouvez-vous boire de l'alcool tout en prenant ciprofloxacin 500 mg pouvez-vous acheter viagra dans une pharmacie accutane 100 mg par jour wellbutrin 300 mg pour la perte de poids trazodone 300 mg prix strattera coУЛt en australie walgreens augmentin prix quel est le prix du zyprexa wellbutrin 300 mg bid acheter du viagra У chennai kamagra jelly livraison gratuite clomid 100mg nhs acheter valtrex 500 ne costco rУЉaliser zyrtec qu'est-furosemide 20 mg comprimУЉ ressembler gУЉnУЉrique wellbutrin-fort ce qui est nexium esomeprazole 40mg acheter arimidex stУЉroУЏdes la metformine nhs coУЛt ceftin gУЉnУЉrique prix bula lamisil 250mg lexapro 10 mg У 20 mg goodyear allegra prix clomid 50mg pour les bodybuilders gУЉnУЉrique valtrex cible levitra vente royaume-uni ordonnance prilosec 20 mg gУЉnУЉrique de marque enfants zyrtec ic cephalexin 250 mg utilise l'arrУЊt de zoloft 50 mg dinde froide les enfants motrin mg graphique viagra pour la vente de atlanta achat viagra sur internet seroquel acheter en ligne royaume-uni pourquoi le prix de levitra si haut doxycycline ordonnance pour la maladie de lyme amitriptyline 50 mg de la rue de la valeur nom gУЉnУЉrique pour lanoxin generico ne coumadin orlistat 60 mg capsulas coupon lexapro prescription acheter flagyl er lexapro coУЛt 2012 clopidogrel gУЉnУЉrique de plavix coУЛt de nexium 40 mg combien de fois devrais-je prendre cephalexin 250 mg le shampooing nizoral oУЙ acheter en australie lipitor gУЉnУЉrique au walgreens vert comprimУЉs de viagra У base de plantes roxithromycin 50mg tablette lisinopril 20 mg 1a pharma arava 20 mg comprimidos иЏйˆиЇиЁ zocor 10mg generico de viagra en andorre cialis soft tabs 20mg acheter cialis en ligne au royaume-uni plavix gУЉnУЉrique disponibilitУЉ azulfidine en-onglets de prix generic viagra canada pharmacie arimidex acheter en ligne australie tomber enceinte clomid 50mgoУЙ acheter clomid elitefitness risperdal injection de trouble bipolaire effets secondaires apo-prednisone 50 mg ne lotrisone besoin d'une prescription cialis 40 mg information co diovan forte dose de 160 mg 25 mg viagra internationale pharmacie vermox prix philippines diltiazem cd 120 mg de pac par plavix canada carte remedio xenical 120mg combien de temps faut-il prendre lisinopril 5mg de travail tricor programmes de rabais le mУЉthotrexate У 12,5 mg par semaine effets secondaires prednisone 10 mg comment le prendre tamoxifen prix en irlande diflucan ordonnance coУЛt oУЙ acheter cytotec en calamba la trУЉtinoУЏne crУЈme pour pas cher avalide 150 mg 12,5 mg est norvasc disponible en gУЉnУЉrique zyrtec 10 mg gУЉnУЉrique ne ponstel besoin d'une ordonnance acheter ventolin inhalateurs en ligne У bas prix 20 mg d'amitriptyline achat de viagra au cap novo-ciprofloxacine 500mg walmart pharmacie zoloft prix prednisone 20 mg de la clinique mayo zantac sirop pour la vente etodolac 500 mg abus tadalafil citrate 20 mg cialis generikum quand y aura-il un gУЉnУЉrique cymbalta claritin ruches de secours oУЙ acheter metoprolol tarte 25mg tab voiture zovirax 400 mg tab precio costco prix en pharmacie viagra afin en ligne viagra У toronto diflucan 50 mg preis quel mg ne metformine venir gУЉnУЉrique de grУЉ У grУЉ pour nexium aricept 23 mg indication comment acheter du cialis pas cher nom gУЉnУЉrique advair dramamine gУЉnУЉrique nom ciprofloxacine 500mg 7 jours avodart pharmacie lloyds maison У vendre artane dublin 5 effets secondaires de amoxil 500 mg wellbutrin 150 mg pour arrУЊter de fumer gУЉnУЉrique ordonnance singulair ciprofloxacin hcl 500mg et le lait gУЉnУЉrique advair diskus medicamento orlistat 120 mg bula trazodone pliva 50 mg accutane frais au canada prednisone 50 mg pour 6 jours vente de kamagra 100mg pas cher cialis australie glucophage 850 mg precio viagra walmart coУЛt clomid 100mg et les jumeaux viagra gУЉnУЉrique dangereux viagra costo fr pУЉrou acheter la metformine perte de poids quel est le coУЛt advair diskus serophene 50 mg de la fertilitУЉ privУЉ prescription clomid 25 mg premarin renagel 1600 mg oУЙ acheter du cytotec dans la province d'iloilo lexapro meilleur prix cloridrato de diltiazem 120 mg version la moins chУЈre de zyrtec keflex achat en ligne est un mУЉdicament d'ordonnance kamagra combien de viagra des coУЛts royaume-uni pas cher gУЉnУЉrique cialis canadien de la pharmacie abilify gУЉnУЉrique en usa gУЉnУЉrique tricor mУЉdicament fluoxetine gУЉnУЉrique pour ce ordonnance motrin mg ce mУЉdicament gУЉnУЉrique remplace crestor prevacid 30 mg pour la vente cephalexin genrx cap 500mg effets secondaires de fosamax gУЉnУЉrique synthroid 0,05 mg vade-mecum du levitra 10 mg viagra pharmacie coУЛt peut paxil pilules УЉcrasУЉes le coУЛt de cymbalta 60 mg motilium 1 mg suspension orale acheter premarin en ligne У la crУЈme walmart coУЛt de propecia metformin 500 mg cipla prednisone merck 20 mg prospecto de voltaren 50 mg va diovan gУЉnУЉrique aller les enfants benadryl mg/kg voltaren sr capsules 37,5 mg mg motrin enfant doxycycline dose de 300 mg viagra gУЉnУЉrique 50 mg coУЛt de imuran en inde alli otc version de mУЉdicaments d'ordonnance orlistat (xenical) paroxetine 20 mg effets secondaires inderal la nom gУЉnУЉrique que contiene keflex 500 mg 10 mg lexapro alcool topamax dosage pour le trouble bipolaire pouvez-vous acheter viagra au brУЉsil l'isotrУЉtinoУЏne orifarm 20mg prednisolone privУЉ ordonnance generico de propecia venezuela ordonnance viagra prix acheter du viagra en madrid minocycline ordonnance au canada lincocin 500 mg capsulas acheter abilify 2mg oУЙ puis-je acheter terramycin pommade motrin 800 mg en espanol femara 7,5 mg de l'infertilitУЉ 1250 mg de prednisone, effets secondaires pas cher viagra royaume-uni neurontin 100mg У quoi sert-il le coУЛt de la rosuvastatine comprimУЉs puis-je acheter zovirax sur le comptoir au canada acheter isotretinoin gel en ligne commander du viagra avec paypal kamagra jelly royaume-uni pas cher paroxetine hcl 30 mg effets secondaires effets secondaires crestor 20 mg cephalexin 500mg utilise qui rend norvasc gУЉnУЉrique baclofen acheter en ligne coУЛt de clomid sans assurance 2012 clomid dose de 150 mg metformin 500 mg deux fois par jour pour le sopk quand le propecia gУЉnУЉrique aller la clindamycine coУЛt rite aid propecia .5 mg par jour paroxetine hcl 30 mg tab amitriptyline hcl 150 mg tablette lexapro gУЉnУЉrique УЉquivalents de viagra royaume-uni acheter pas cher fosamax gУЉnУЉrique procУЈs gУЉnУЉrique de wellbutrin xl 150 mg reviews quelle est la forme gУЉnУЉrique de clomid propecia proscar prix oУЙ puis-je commander valtrex comment acheter du viagra en belgique flox cipro 500 mg amoxil nom gУЉnУЉrique royaume-uni crestor coУЛt au canada micardis prix de dУЉtail seroquel xr 200 mg comprimУЉs le coУЛt de cialis en irlande xeloda 500mg cena viagra prix au nУЉpal la sУЉcuritУЉ en ligne viagra canada neurontin 300 mg maux de dos lopid 10 mg le coУЛt de cialis au nigeria trazodone 150 mg posologie tricor 145 prix female viagra nom gУЉnУЉrique dose de voltaren 75 mg doxycycline capsules de chlorhydrate de ip 100 mg utilise finasteride gУЉnУЉrique australie pas cher viagra livraison le jour suivant au royaume-uni pas cher female viagra royaume-uni allegra 120 mg but coУЛt de gУЉnУЉrique accutane endroit pas cher pour acheter viagra les somnifУЈres d'ordonnance trazodone estrace prix canada avez-vous besoin d'ordonnance pour le cialis en canada roxithromycin-ga 150mg tab 10 puis-je prendre 3 prednisone 20 mg У la fois l'arrУЊt de cymbalta 30 mg proscar 30 mg combien xalatan coУЛt antidУЉpresseur celexa gУЉnУЉrique prograf xl 5 mg precio oУЙ pouvez-vous acheter ciprofloxacin prix pour zetia marque gУЉnУЉrique pour aldactone gУЉnУЉrique cialis pharmacie en ligne canada quels sont les effets secondaires de la prednisone 20 mg zithromax pas cher viagra en ligne acheter combien coУЛte de viagra au canada obat glucophage xr 500 mg les comprimУЉs de baclofУЈne bp 10mg mУЉdicaments gУЉnУЉrique lisinopril nom coumadin machine d'essai de coУЛt posologia avodart 0 5 mg lisinopril 10 mg comprimУЉs effets secondaires zoloft 50 mg diarrhУЉe endep 10 amitriptyline 10mg comprimУЉs accutane et la maladie de crohn canada achat de cialis au canada en ligne liquide zantac acheter combien otc prilosec coУЛt qu'est-ce que le gУЉnУЉrique de propecia precio 10 mg nexium la rosacУЉe doxycycline 100mg topamax poursuite en recours collectif au canada seroquel programmes de rabais abilify prescription d'УЉpargne carte avodart sante canada moins cher gУЉnУЉrique finasteride arava prix des mУЉdicaments acheter viagra rx rxmeds hub ordre viagra professional en ligne canada prescription viagra la clindamycine 300 mg pour l'amygdalite kamagra ordonnance inde puis-je acheter cialis en provenance du canada micardis hct 80 mg/12.5 inderal 60 mg demi-vie dilantin 400 mg par jour tricor mУЉdicament gУЉnУЉrique forme gУЉnУЉrique de viagra zyprexa 7 5mg vidal prednisone effets secondaires des corticostУЉroУЏdes singulair nom gУЉnУЉrique ranitidine hcl onglet 300mg ranitidine 150 mg pilule d'identification plavix 75 mg generique zygenerics metformin oУЙ acheter diltiazem pommade pouvez-vous acheter viagra dans une pharmacie en irlande kamagra oral jelly pilules et cytotec pfizer costa rica plavix 75 mg cp levitra 10 mg plm coУЛt de voltaren gel in usa est achat de viagra en ligne legal en nous inderal 10mg pour l'anxiУЉtУЉ de performance quelle est la marque gУЉnУЉrique de zoloft prednisolone sirop de 15 mg 5ml pouvez-vous acheter viagra У bangkok amitriptyline acheter en ligne cymbalta pharmacie checker brookwood parc artane pour vente diflucan 150 mg capsule rigide fluconazole zantac effets secondaires 150 mg azulfidine prix usa claritin d 10 mg provera pilules en ligne ciprofloxacin krka tablett 500 mg lasix prolongatum 30 mg traitement par des corticostУЉroУЏdes tels que la prednisone lexapro commutateur gУЉnУЉrique lopressor 15 mg canadian pharmacy wellbutrin sr
Home MLB News MLB Club Sales

Like Shoot to Thrill - An AC/DC Tribute on Facebook!

An authentic tribute of AC/DC that covers the best of the Bon Scott era and the best of Brian Johnson's material

Who's Online?

We have 938 guests online

Atom RSS

feed-image Feed Entries
MLB Club Sales
News and information about the sale of all or part of any of the 30 Major League Baseball clubs.

BREAKING: Tribune Co, Ricketts Reach Deal on Chicago Cubs Sale PDF Print E-mail
User Rating: / 3
PoorBest 
MLB Club Sales
Written by Maury Brown   
Monday, 06 July 2009 11:09

UPDATE #2: The New York Times reports that, "The draft of the agreement has been sent to Major League Baseball, which will review it and make a recommendation to the owners of the other franchises, who must sign off on the deal."


UPDATE #1: Due to Chapter 11 bankruptcy by Tribune, a court will also have approve the sale.


It took far longer than was expected, but Reuters is reporting that a deal has been approved by Sam Zell and the Tribune Co. to sell the Chicago Cubs, Wrigley Field, and a 25 percent stake in Comcast SportsNet Chicago to Thomas Ricketts for “slightly less than the original $900 million bid, a source familiar with the deal said on Monday.”

"There is a deal between the Ricketts and Tribune Co," said the source, who asked not to be identified because the agreement has not been announced.

Spokesmen for Ricketts and Tribune Co were not immediately available to comment.

The deal had been held up over Ricketts pulling back by as much as $40-$50 million based upon Tribune paying below market rate on for media rights to the Tribune held outlets WGN-TV, WGN Radio, and Comcast SportsNet Chicago.

If the sale agreement is finalized, the next steps would be approval by MLB’s Executive Committee, followed by a vote by all 30 owners in the league. Club transfers require approval by 75 percent of the league’s owners. The transfer to Ricketts is expected to pass without conflict.

The next quarterly owners meeting is set for August. A vote could take place before then via conference call, if the league so desires.


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

Don't forget to register and log in on The Biz of Baseball site to get updates via your in-box, and see information only logged in members can see.

Follow Maury Brown and the Business of Sports Network on Twitter Twitter

 
BREAKING: Bidding Opened Back Up on Sale of Cubs PDF Print E-mail
User Rating: / 5
PoorBest 
MLB Club Sales
Written by Maury Brown   
Thursday, 18 June 2009 15:32
Cubs Sale

It appears that the sale of the Chicago Cubs by the Tribune Co. is going to take longer to complete as the exclusive negotiating window for Thomas Ricketts has now closed.

According to Reuters, the bidding has reopened for rival bidder Marc Utay, a managing partner with New York-based private equity firm Clarion Capital Partners LLC, and his partner Leo Hindery. The Utay/Hindrey group, along with Chicago real estate executive Hersh Klaff of Clarion Capital were the final three bidders along with Ricketts in late January of this year. Ricketts was selected out of the three on January 22 which allowed him to enter into a 30-day exclusive window to try and reach a purchase agreement. That window has long since passed.

At the time Thomas Ricketts, the chief executive of Chicago investment bank Incapital LLC and the son of the founder of TD Ameritrade Holding Corp (AMTD: O), bid was said to be lower than Utay’s bid, but was selected due the structure of Ricketts’ offer and how that married up with the difficult credit markets. Ricketts, at the time, offered $900 million for the Chicago Cubs, Wrigley Field, and a 25 percent stake in Comcast SportsNet Chicago.

Ricketts’ $900 million was being pulled back by as much as $40-$50 million based upon Tribune paying below market rate on for media rights to the Tribune held outlets WGN-TV, WGN Radio, and Comcast SportsNet Chicago. The addition of Utay in the mix may be designed Tribune nudge Ricketts forward. As reported by Reuters:

Tribune Co and its banker, JP Morgan, have entered into formal talks with the Utay/Hindery group and a deal could be reached late next week, a third source said.

However, others said the re-emergence of the Utay/Hindery group, which finished just shy of the Ricketts' offer in January, also could be Tribune Co's way to pressure Ricketts into settling on terms desired by the media company. Two sources described the sides as on the verge of a deal.

"That's just a way to keep the fire on the Ricketts," the first source said. "The Ricketts have never been closer to getting a deal done."

Ricketts has reportedly lined up the needed financing, with the gap appearing to be the $40-$50 million that he wishes to take off the $900 million initial offer.


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

Don't forget to register and log in on The Biz of Baseball site to get updates via your in-box, and see information only logged in members can see.

Follow Maury Brown and the Business of Sports Network on Twitter Twitter

 
How Long Before Other Bidders Get Back in the Cubs Sale Mix? PDF Print E-mail
User Rating: / 7
PoorBest 
MLB Club Sales
Written by Maury Brown   
Friday, 12 June 2009 08:11
Cubs Sale

The clock appears to be running out on Thomas Ricketts and his exclusive window on the purchase of the Chicago Cubs.

Ricketts’ exclusive negotiating window with Sam Zell and the Tribune Co. ended last week, however, the sides continue to try to hammer out a deal that would transfer ownership of not only the Cubs, but Wrigley Field, and a 25 percent stake in Comcast SportsNet Chicago.

As issue is the amount of control that Tribune will have over the deal, based upon prior contract agreements with media outlets WGN-TV, WGN Radio, and Comcast SportsNet Chicago, which is part of the sale. Ricketts had a winning bid of $900 million, but is looking to back that figure down $40-$50 million based upon Tribune paying below market rate on for media rights to the Tribune held outlets.

That issue could eventually open the door for the exclusivity arrangement between the parties to be dissolved and prior bidders such as Marc Utay and Hersch Klaff, the two other bidders that filled final bidding figures before Ricketts was selected

If the Tribune Co. and Ricketts reach an agreement and approve the sale, the final hurdles would involve a recommendation by MLB’s Ownership Committee, and then a vote by three-quarters of MLB’s owners to approve the ownership transfer.

Final approval by face-to-face meeting would need to take place in August. However, the vote could take place via conference call. If so, and the vote moves in Ricketts’ favor, the ownership transfer could be completed by July.


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

Don't forget to register and log in on The Biz of Baseball site to get updates via your in-box, and see information only logged in members can see.

Follow Maury Brown and the Business of Sports Network on Twitter Twitter

 
Tom Hicks Up to Putting Majority of Texas Rangers Up for Sale PDF Print E-mail
User Rating: / 9
PoorBest 
MLB Club Sales
Written by Maury Brown   
Thursday, 28 May 2009 08:53

RangersTom Hicks, the majority owner of the Texas Rangers, began looking for minority investors in the franchise in late March. At the time, Hicks Sports Group, which owns the Rangers and NHL Dallas Stars, Hicks Was working toward selling 46 percent of his 95 percent controlling stakes. HSG has gone into default on over a half-a-billion in loans – $525 million.

In April, Hicks said that there was no chance that the banks could wind up owning both holdings, but now, instead of retaining majority ownership, Hicks appears to be up for selling off his majority stake (see Could Tom Hicks Be Forced to Sell the Texas Rangers?). As reported by the Star-Telegram:

In a surprise, Tom Hicks didn’t rule out that his nearly 11-year ownership tenure might soon be reduced to something less than having the final say.

[...]

"I am selling part of the Rangers. I don’t know how big of a part. Yes, I’d be open to selling more than a minority share, but it depends on who the partners are."

So, who could wind up purchasing the majority of the club? That remains an open question, but the as the Star-Telegram further reports, a familiar face in Nolan Ryan could be interested:

As Hicks’ hand-picked, in-charge-of-everything team president, chummy seems to apply here. Plus, it has been speculated many times that Ryan and his longtime business partner, Don Sanders of Houston, would have an interest in buying a majority share of the Rangers. And no interest at all in what was previously being offered — a minority share.

"Knowing nothing about what the details are, and having not been involved in discussions [about being a majority owner], there’s no way I can comment on any of this," Ryan said.

Would it be something he would now explore?

"That’s hard to say," Ryan added, "without having talked to Tom about it."

If Hicks were to sell his majority stake it would mark the end of an 11-year ownership tenure with the Rangers.


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

Don't forget to register and log in on The Biz of Baseball site to get updates via your in-box, and see information only logged in members can see.

Follow Maury Brown and the Business of Sports Network on Twitter Twitter

 
Ricketts Meets with Bill Murray, Jim Belushi, and John Cusack on Cubs Sale PDF Print E-mail
User Rating: / 12
PoorBest 
MLB Club Sales
Written by Maury Brown   
Tuesday, 19 May 2009 08:52

Bill Murray

Could Bill Murray, along with
Jim Belushi, and John Cusack,
become minority owners in
the Chicago Cubs?

As reported yesterday, Thomas Ricketts, the exclusive bidder for the sale of the Chicago Cubs, Wrigley Field, and a 25 percent stake in Comcast SportsNet Chicago, is lining up three banks to cover approx. $450 million of the $900 million needed to complete the deal.

But, according to today’s Chicago Tribune, in an attempt to pull together more capital into the deal, Ricketts has met with several celebrities with ties to the Chicago area including Bill Murray, Jim Belushi, and John Cusack. According to the report, Ricketts has met with them, “and other wealthy Cubs fans willing to pony up as much as $25 million.”

The reason that the deal has been difficult to broker has to do with the debt laden structure Tribune Co. owner Sam Zell has in place, and the tight constraints the credit markets have had on loans during the economic downturn. On top of the $450 million in loans from the three banks, the Ricketts family, which includes Thomas’ father Joe Ricketts, the founder of TD Ameritrade, has sold off 34 million shares worth $403 million.

With the share sale, the Ricketts family now controls approx. 17.7 percent of Ameritrade, but at the same time, lost a one of three board seats the family controls. To address the lost seat, Thomas Ricketts resigned.

Another aspect of the sale involves broadcast rights fees through outstanding contracts. As further reported:

Tribune-owned WGN radio and television have broadcast the games for years. But industry observers long have questioned whether the Cubs have received market value for those rights because the team and the stations are owned by the same company. The Cubs are one of the most popular franchises in sports, and other media outlets would have great interest in acquiring the broadcast rights when they become available.

The Ricketts family was seeking certain concessions on the WGN contract such as changes in how advertising revenue is shared between the team and the station, said sources familiar with the negotiations. Without adjustments, the family may consider lowering the $900 million offer it made in January when it won the auction for the Cubs.

This aspect of the deal outlines how broadcast holdings that are also owned by clubs can save themselves considerable sums money. How much does the WGN television and radio aspect fit into the equation? According to the Tribune story, “At stake is up to $50 million in the value of the franchise, or about 5.5 percent of the original bid, sources said.”


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

Don't forget to register and log in on The Biz of Baseball site to get updates via your in-box, and see information only logged in members can see.

Follow Maury Brown and the Business of Sports Network on Twitter Twitter

 
Ricketts Lining Up Three Banks to Complete Cubs Sale Financing PDF Print E-mail
User Rating: / 8
PoorBest 
MLB Club Sales
Written by Maury Brown   
Monday, 18 May 2009 13:40

The sale of the Chicago Cubs, Wrigley Field, and a 25 percent stake in Comcast SportsNet Chicago has reached a critical point as three banks have been lined up by bidder Thomas Ricketts to close the sale transaction. According to Daniel Kaplan of the SportsBusiness Journal:

JPMorgan Chase, Citigroup and Bank of America are set to commit to the deal as soon as the end of this week, the sources said. That commitment would allow Ricketts to submit his $900 million bid to the court that’s overseeing the bankruptcy filing of current Cubs owner Tribune Co. The court likely then would take 30 to 45 days to process the offer, one source said, leaving a potential closing ready by July.

Ricketts is looking for $450 million to complete the $900 million transaction. As further reported by the SBJ:

According to one finance source, the $450 million financing is split between a loan and a fixed-rate private placement, which represents loans from institutional investors like pension funds. The bank loan portion is roughly $350 million, the source said, and the private placement, which the three banks are arranging, is about $100 million.

If Sam Zell of the Tribune Co. approves the sale, the final hurdles would involve a recommendation by MLB’s Ownership Committee, and then a vote by three-quarters of MLB’s owners to approve the ownership transfer.

With the next MLB owners meetings set for this week, the final approval by face-to-face meeting would need to take place in August. However, the vote could take place via conference call. If so, and the vote moves in Ricketts’ favor, as expected, the ownership transfer could be completed by July.


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

Don't forget to register and log in on The Biz of Baseball site to get updates via your in-box, and see information only logged in members can see.

Follow Maury Brown and the Business of Sports Network on Twitter Twitter

 
Cubs Sale Not Expected to Be Completed by May Owners Meetings PDF Print E-mail
User Rating: / 4
PoorBest 
MLB Club Sales
Written by Maury Brown   
Wednesday, 06 May 2009 08:50
Sale of the Cubs


To use a bad pun, stop the presses. The $900 million sales transaction between the Tribune Co. and Thomas Ricketts for the Chicago Cubs, Wrigley Field, and a 25 percent stake in Comcast SportsNet Chicago will not make the self-imposed deadline of the next quarterly MLB owners meetings. Those meetings are set for May 20-21.

The reason? According to a report in today’s edition of the Chicago Tribune:

Sources blamed the slow pace of negotiations on several factors. The double whammy of a recession and a financial-sector meltdown has made it difficult for the Ricketts to secure financing. The family raised $400 million for the deal by selling personal stock holdings and planned to borrow the rest.

The deal is also dragging out due to the fine-toothed comb that lawyers are taking to it. That is being done to ensure that the deal is approved by a bankruptcy judge. Tribune filed for Chapter 11 bankruptcy protection in December.

Due to the complications, both sides are reluctant to say when the deal will be completed.

"Seems like every time we talk in terms of deadlines we manage not to get it done in the right time frame," said a second source familiar with the sale process who asked not to be identified.

After he May 20-21 meetings, the next scheduled face-to-face owners meetings are set for August. However, the vote to approve the deal (it requires 75 percent of the owners to agree) could occur via conference call, should baseball wish to not wait until nearly the end of the season to approve the ownership transfer.

BUSINESS OF SPORTS NETWORK FEATURE ARTICLES:


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

Don't forget to register and log in on The Biz of Baseball site to get updates via your in-box, and see information only logged in members can see.

Subscribe to The Biz of Baseball, and follow the Business of Sports Network on Twitter Twitter

Add to GoogleAdd to My Yahoo!

Subscribe in   Bloglines


 
Sale of the Cubs Should Be Completed by End of May PDF Print E-mail
User Rating: / 6
PoorBest 
MLB Club Sales
Written by Maury Brown   
Thursday, 16 April 2009 08:18
Sale of the Cubs

The sale of the Chicago Cubs to Thomas Ricketts should be completed by the end of May. The sale agreement worth $900 million is progressing toward that date, according to Sam Zell of the Tribune Co. As reported by Bloomberg News:

“Everything is fine,” the 67-year-old Zell said Weds. in an interview. “We expect to close toward the end of May.”

Sal Galatioto, founder of Galatioto Sports Partners, which represents the Ricketts family, declined to comment. Tom Ricketts is the chairman of Chicago-based Incapital LLC and the son of the founder of TD Ameritrade Holding Corp.

While the sale agreement between Ricketts and Tribune signals a nearing of the end of the Cubs sale started in April of 2007, the deal has to be approved by the owners. The next face-to-face meeting is set for May 20-21 in New York. Should Zell and Ricketts not complete the sale agreement before then, the owners will most likely vote on the deal via conference call. Seventy-five percent of the owners must approve the ownership transfer. It is believed that the deal will easily be approved.


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

Don't forget to register and log in on The Biz of Baseball site to get updates via your in-box, and see information only logged in members can see.

Subscribe to The Biz of Baseball

Add to GoogleAdd to My Yahoo!

Subscribe in Bloglines


 
Report: Sale of Padres Could be as Early as Thurs. Alderson to Resign PDF Print E-mail
MLB Club Sales
Written by Maury Brown   
Thursday, 26 March 2009 01:48

 Jeff Moorad

Jeff Moorad could be announced as the
new owner of the Padres as early as today.

The sale of the San Diego Padres from John Moores to former Arizona Diamondbacks CEO and player agent Jeff Moorad is very nearly complete according to a report by The Associated Press. And, according to the North County Times, Padres CEO Sandy Alderson will step down on Thursday. In a sign that the Padres sale could be finalized, possibly as early as today, Alderson said in February that he would be stepping down as CEO as soon as the sale transfer from Moores to Moorad was complete.

At the time of the February announcement that Moorad was in exclusive negotiations to purchase the Padres, he said that his ownership group was working toward completion of the sale by Opening Day. Moorad and his group will buy the franchise over a period of up to five years, ultimately acquiring 100% ownership, subject to approval by Major League Baseball. According to Barry Bloom of MLB.com, Moorad has confirmed the nearness of the deal.

"We're awfully close to being able to announce the deal," Moores said when reached by telephone on Wednesday night. "Things have gone as well as I could've expected, particularly because of Commissioner Bud Selig and his staff. The process has been fairly smooth from the beginning up until now. There have been no surprises."

(Read The Biz of Baseball interview with Moorad)

A UCLA graduate with strong roots in Southern California, Moorad has a 25-year history in professional sports, working for many years as a player representative for top athletes in baseball and football. He purchased an ownership stake in the Diamondbacks in 2005.

Business of Sports Network Feature Article:

NHL Offers GameCenter LIVE for $19.95 per Day


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

Don't forget to register and log in on The Biz of Baseball site to get updates via your in-box, and see information only logged in members can see.

Subscribe to The Biz of Baseball

Add to GoogleAdd to My Yahoo!

Subscribe in Bloglines


 
Cubs Sale Likely to Occur After Season Start PDF Print E-mail
User Rating: / 1
PoorBest 
MLB Club Sales
Written by Maury Brown   
Thursday, 19 March 2009 10:13

The Sale of the Cubs

The completed sale of the Chicago Cubs from the Tribune Co. to a group led by Thomas Ricketts will most likely not occur until after the season starts, according to Cubs chairman Crane Kenney. According to comments to The AP, the sale agreement between Tribune and Ricketts is moving forward, but the approval from MLB would most likely not occur until the next quarterly owners meeting set for May.

"There's a negotiation that's occurring, and like every negotiation, there's an issue or two that probably wasn't spotted early that needed to be resolved," [Kenney] said. "None of them are in any way fatal to the transaction. It's standard stuff, I would say. And the credit markets are challenging, and this is a transaction that will have some amount of debt on it."

[…]

"The Ricketts family and the Tribune are very close to the terms of their deal, which is the first domino that needs to fall," Kenney said. "From there, because of the Tribune bankruptcy, we need to have a court involved to approve the terms of the transaction supporting the creditors, who, obviously have a great interest in seeing how this transaction unfolds."

In terms of completing the approval process at the MLB level, Kenney said that Commissioner Selig would be supportive of expediting the executive committee and owners vote as soon as possible.

"(He) has assured me he'll do whatever it takes to jump through hoops, if that's what's necessary at various committee levels within baseball, to get this finished," Kenney said. "I think it will be a challenge to make opening day. If I were to tell you we were going to make opening day, everything would have to fall into place just perfectly, and the world's an imperfect place, so I would say that's probably unlikely."


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

Don't forget to register and log in on The Biz of Baseball site to get updates via your in-box, and see information only logged in members can see.

Subscribe to The Biz of Baseball

Add to GoogleAdd to My Yahoo!

Subscribe in Bloglines


 
«StartPrev111213141516171819NextEnd»

Page 16 of 19
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?