The sale of the Chicago Cubs may be delayed by the global financial crisis unless owner Tribune Co is willing to accept a lower price for the storied baseball team, people involved in the sale said.
Tribune was expected to pare the list of bidders this month for the Cubs, the club's historic ballpark, Wrigley Field, and a stake in a regional sports television network.
Analysts had expected the deal to top $1 billion due to the Cubs' national TV exposure and history of being "lovable losers."
But stock markets have been hit hard by the global credit crisis. The benchm... More >
Intelsat, which provides commercial satellite services, has announced that Major League Baseball International (MLBI) signed a contract for international distribution to its r...More>
Bank of America Corp is close to finalizing a deal worth as much as $20 million a year to become the biggest sponsor of the new Yankee Stadium, the New York Post reported on T...More>
The fifth group bidding for the Chicago Cubs baseball team includes a Houston businessman who runs his own freight-forwarding company and was a star pitcher in college, a sour...More>
Tribune Co confirmed on Tuesday it has selected five bidders for the Chicago Cubs baseball team.
Chief Executive Sam Zell told lenders on a conference call: "We expect to p...More>
ESPN and Major League Baseball Advanced Media announced Thursday that they have extended their new-media rights deal.
Financial terms of the agreement, which run through 20...More>
From stroke play with Phil Mickelson to squash's all-round glass court, seven sports are pulling all the stops to impress the International Olympic Committee and win a spot on...More>
Banned by Chairman Mao and disregarded by the International Olympic Committee (IOC), baseball has never quite felt welcome in China.
Yet even with bulldozer's ready to flat...More>
