Sam Zell has struck again, this time taking over Tribune Corp with a measly 310 million dollars. He is funding the rest through debt, spin offs and an elaborate esop. You heard it hear first folks, the Cubs will set the mark for the highest amount paid for a professional sports franchise at 1 billion dollars. The number being floated around is 600 million, but I predict a bidding war will break out and the price will rise.
The Cubs sell out almost every game and they lose. Their merchandising alone will garner big bucks. My next prediction is that the new owners win a world series in the first 4 years of ownership.
Big H
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