TUESDAY, 1:06pm: ChicagoBusiness.com passes on a Reuters report informing us that the Tribune has not reached a final agreement with the Ricketts family or Marc Utay, who submitted a rival bid for the team.
MONDAY, 10:40am: Ameet Sachdev reports on ChicagoBreakingNews.com that Tribune Co. has reached a deal to sell the Cubs and Wrigley Field to the Ricketts family for about $900MM. The deal must now be court-approved and accepted by other MLB owners. Ben Klayman of Reuters hears that the price is slightly lower than the original bid of $900MM.
This move could give the Cubs the financial flexibility to take on salary at the deadline.
