New Ownerwatch: A Winner Has Been Selected

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New Ownerwatch: A Winner Has Been Selected

Chicago Cubs

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.

So, yeah, the winner has been selected, but we have no idea whom it is yet.

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Author: Brett Taylor

Brett Taylor is the Editor and Lead Cubs Writer at Bleacher Nation, and you can find him on Twitter at @BleacherNation and @Brett_A_Taylor.