The Chicago Cubs are one step closer to having a new owner.
Tribune Co. executives have chosen a favorite among three bids for the Chicago Cubs and have given that recommendation to the unsecured creditors committee in the company’s bankruptcy case, a source close to the situation said Wednesday.
Tribune Co. and its investment banker, JPMorgan Chase & Co., removed the names from the bids, referring to them by number. The committee will review the offers and other Tribune Co.-related business at a regularly scheduled meeting Thursday. chicagotribune.com.
So, yeah, the winner has been selected, but we have no idea whom it is yet.