David Kaplan on 08.16.09
The long awaited sale of the Chicago Cubs should finally be signed this week between the Tribune Company and the Ricketts family. The process has been ongoing since April of 2007 but now it is finally about to be completed.
Excellent sources have assured me that there are no more hurdles to clear and the paperwork will be signed by Friday. It will then move on to an MLB ownership committee then a stop in front of the bankruptcy judge and finally it will need approval of the other owners in Major League Baseball. All of this should be wrapped up by the World Series or shortly thereafter and it should pave the way for Tom Ricketts and his family to finally have the keys to the Cubs kingdom.
This timetable will allow the Cubs to be active in free agency which doesn’t begin until November and should allow the Ricketts to implement the beginning stages of their master plan in time for the 2010 season. What that plan will involve remains to be seen but rest assured Cubs fans, Tom Ricketts and Co. want to win and they have very definite ideas on what they want to do to improve the franchise.