|Authorities say Tribune Co. probably will still own Cubs this season|
|Written by Admin|
|Sunday, 20 January 2008 14:05|
Crane Kenney told attendees of the team's annual fan convention that new Tribune owner Sam Zell wants 94-year-old Wrigley in the hands of the Illinois Sports Facilities Authority - the same state agency that funded stadiums for the Bears and White Sox - before he accepts bids for the Cubs.
Kenney said such a move is designed to ``bind'' the team's next owner to keeping the Cubs playing at Wrigley - which also would receive maintenance and improvement funds.
``We'd like to find a new owner to play at Clark and Addison (streets) for the foreseeable future,'' Kenney said. Selling the team to the stadium authority ``would put aside a substantial amount of money'' for necessary changes at Wrigley.
Zell, who also is invested in the crosstown Sox, bought the Tribune for $8.2 billion in April and closed the deal in December. Closing another deal for the Cubs, whom Zell never seemed interested in operating, also will take time.
``We want to get the stadium deal done by opening day,'' Kenney said. ``The sale of the team would follow. I've been asked when that will occur, and it's just really hard to predict. ``If I had a guess, it's not until midyear, or until the end of the season.''