This week look for the Cubs to go into bankruptcy for a period of about 24 hours. The "pre-packaged" bankruptcy will clear the franchise of any previous claims relating to the Tribune Company's bankruptcy filing. Once the franchise emerges from the bankruptcy procedure there will be a 10 day cooling off period for the banks that are financing the deal before they have to fund the transaction. Look for the sale to finally close on the 29th or 30th and a major press conference to be held that day that is sure to gain incredible media attention.
Looking forward to the press conference at the end of the month!
Not too much new info this weekend as far as Cubs Rumors are concerned, but I'm looking forward to a very fun and interesting offseason of following and blogging on the Cubs.
Here is our schedule for this week:
- Monday AM: Cubbie Awards
- Mon./Tues./Wed. PM: Rumor and News Updates; Radio Recaps, Cubs Contract Situation, The Cubs in Winter Ball
- Tuesday AM: Cubs Fun & Games
- Wednesday: Getting to Know the Cubs
- Thursday: Cubs in Winter ball Stats
- Friday: Offseason Events Schedule
And, don't forget to check out our first Number's Breakdown of the 2009 offseason!
That's it for now, I'll have a full week ahead on the blog!
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