ESPN.com: Cuban submits offer to buy Cubs

[CubanMustGo]

http://sports.espn.go.com/mlb/news/story?id=2934920

Report: Cuban submits application, joins crowded field of Cubs' suitors
Updated: July 13, 2007, 12:01 AM ET

Fans of the Windy City's lovable losers can count a maverick NBA owner among those interested in purchasing the Chicago Cubs.

The Chicago Tribune reports that Mark Cuban says that he has submitted his application to Major League Baseball to purchase the Cubs. Cuban, who has owned the NBA's Dallas Mavericks since January of 2000 and is known for his free-spending ways, told the newspaper he sent the paperwork in last week.

Cuban's efforts to enter the already crowded field to purchase the team is being met with some speculation. The Tribune summed up Cuban's efforts to buy the team in its Thursday edition as follows: "And while Internet billionaire Mark Cuban, owner of the Dallas Mavericks, has expressed interest, most observers think Major League Baseball would balk at a potential owner as unpredictable and outspoken as Cuban."

When e-mailed by the Tribune to respond to the sentence, Cuban replied via e-mail: "I never comment on 'most observers' reports. It's like responding to a random blog post, a waste of time."

Regardless, Cuban faces some stiff compe ion among suitors for the Cubs. The Tribune reported Thursday that the Ricketts family, which founded discount broker TD Ameritrade Holding Corp., has joined the list of potential bidders.

Sources close to the situation said the Ricketts family is readying their application MLB requires for all parties wishing to bid on a franchise. The group is led by Thomas Ricketts, 41, who is the founder and chief executive of the Chicago-based investment firm, Incapital Holdings LLC.

Thomas Ricketts is the son of J. Joe Ricketts, an Omaha billionaire who founded Ameritrade. Forbes Magazine this year estimated the Ricketts' family worth is $2.3 billion.

The Tribune reports other bidders include John Canning, who heads the Chicago-based private-equity firm Madison Dearborn Partners and is a part-owner of the Milwaukee Brewers. Additionally, a partnership of restaurateur Larry Levy and Chicago business owner Craig Duchossois is also thought to be interested in entering the fray.

Don Levin, who owns the Chicago Wolves minor league hockey team has said he is interested in bidding for the team, as is a partnership of Chicago attorney Thomas Mandler and area businessman Jim Anixter. A group led by industrialist and private-equity investor Thomas Begel may also try bidding on the Cubs, the newspaper reports.

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[FromWayDowntown]

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