Mark Cuban applies to buy Chicago Cubs
Jul. 13, 2007

Add internet billionaire and Dallas Mavericks owner Mark Cuban to the list of potential Chicago Cubs buyers. "I submitted an app," Cuban said in an e-mail to The Associated Press. Interested parties must submit an application to Major League Baseball to examine the team's finances. Cuban told the Chicago Tribune he sent in the application last week, although he wasn''t sure of the date. Tribune Co., which owns the team, announced in April it was selling itself for $8.2 billion to Chicago real estate mogul Sam Zell, who made the deal contingent on shedding non-core assets. That means the Cubs will go on the auction block at the end of the season — a decision Tribune chairman and CEO Dennis FitzSimons has conceded was difficult but one that "really makes sense for our shareholders." Several potential deep-pocketed bidders are expected to vie for the Cubs and possibly for Wrigley Field, including Cuban and Chicago native Jerry Colangelo, the Phoenix Suns CEO who once ran the Arizona Diamondbacks.

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