Wednesday, May 20, 2009

Tom Ricketts Buys Chicago Cubs, Jake Peavy Next?

by Bullpen Brian

It’s taking three banks to help Tom Ricketts finance his purchase of the Cubs.

Think about that for a second. Not one, not two, but three banks. That’s some kind of coin.

The Cubs’ price tag is $900 million. Ricketts needs $450 million to close the deal—that’s where the three banks come in.

What can’t you buy for $450 million? Seriously.

Here’s a better question: What can the Cubs afford to buy at the trade deadline?

Word is, if the deal stays on schedule it will be completed in July. If all holds true, Ricketts becomes the Cubs’ new owner and top dog before the non-waiver trade deadline.

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