Quantcast

The AP is reporting that the Tribune Company’s bankruptcy judge has agreed to expedited procedures, specifically with regards to the sale of the Chicago Cubs. The hearing on the sale is schedule for next Monday, August 31, and the judge also shortened the notification procedures for motions related to the sale.

Taking care of this will require a second bankruptcy petition, so rumors of “the Cubs are bankrupt” may swirl again, but pay them no mind.

In the end, the expediency of the sale approval is nice, but was never in doubt. Given that two of the Tribune Company’s largest creditors are also two of the primary financiers on the sale of the team, the sale was always going to be approved in due time.

Bleacher Nation Privacy Policy and Terms of Use. Bleacher Nation is a private media site, and it is not affiliated in any way with Major League Baseball or the Chicago Cubs. Neither MLB nor the Chicago Cubs have endorsed, supported, directed, or participated in the creation of the content at this site, or in the creation of the site itself. It's just a media site that happens to cover the Chicago Cubs.

Bleacher Nation is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

Google+