Truth & Rumors > MLB

Source: Cuban's Cubs bid wasn't serious

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Even before he was civilly charged on Monday by the SEC with insider trading, Dallas Mavericks owner Mark Cuban's chances to buy the Cubs had fallen precipitously. The recent round of bids from interested Cubs buyers has remained secret, but Cuban did not make a proposal that would qualify him as a serious buyer, SI.com has learned. So he may have been out even before the SEC spoke out. With the economy in meltdown, Cubs owner Sam Zell allowed prospective owners to bid for a fraction of the team in the latest round of bidding, and while the bids (some were for the whole team and some for part of it) remain sealed, at least four other groups are still seen as serious, according to people familiar with the sales talks: a Michael Tokarz-led group; investors headed by Leo Hindery Jr. and Mark Utay; Chicago real estate magnate Hersch Klaff; and the Ricketts family, which started TD Ameritrade.

SI.com

Mark Cuban, Brian Bahr/Getty Images Mark Cuban, Brian Bahr/Getty Images

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November 19, 2008  07:04 AM ET
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He wasn't serious about dumping his stock either.

November 19, 2008  08:20 AM ET
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All FOB (Friends of Bud) Cuban was getting was getting screwed from day one, Bud does not want him in the MLB...Oh I am going to bid a billion dollars for a team but I am not serious, what a BS story, probably writting and submitted by Bud of the MLB

November 19, 2008  11:10 AM ET
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It will be hard to run the ball club from his prison cell.

November 19, 2008  12:01 PM ET
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QUOTE(#3):
Originally posted 11:10 AM ET  11.19 by xMogox

It will be hard to run the ball club from his prison cell.

Civil case = Means no jail time

November 19, 2008  03:15 PM ET
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QUOTE(#4):
Originally posted 12:01 PM ET  11.19 by Cubsfanil

Civil case = Means no jail time

SEC violation = Federal Prison Time

November 19, 2008  04:05 PM ET
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Cuban=creampuff nancyboy

November 19, 2008  04:05 PM ET
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200 billion don't change that

 
November 19, 2008  07:32 PM ET
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Selig is the arsehole that should be charged with insider trading, putting his Brewers in the NL!!

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