Filed under: Movers and shakers, Raising money, Private equity industry, Value and lack thereof, Public or private?

If you are Sam Zell right now, you’re probably sitting there wondering why on earth as an old billionaire that you thought an old world media property with very tiny in new media that you’d have to shrink and break apart to profitability was such a good idea. Tonight, that looks even more so the case.

According to MLB.com Tribune Co. rejected a no-tax proposal in the sale of Wrigley Field to the Illinois Sports facilities Authority, which also owns and operates the Chicago White Sox U.S. Cellular Field as well.

If you read the full article you’ll see how this might also impact the sale of the Chicago Cubs as well. Zell announced in April 2007 that the Cubbies were to be sold. Interestingly enough, the Cubs are also in first place in the NL Central division.

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This entry was posted on Tuesday, June 10th, 2008 at 4:21 pm and is filed under Raising Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.