Reports: Cubs Weigh Chapter 11 To Speed Sale
Sep 27, 2014 1:39 AM
The Cubs are thinking about filing for Chapter 11 in order to speed the sale of the club, according to a number of media reports.
If they file, the Cubs would be the first team to file for bankruptcy since the Pilots did so in 1970.
"It's pretty certain that they will do it," a source.
The Tribune Co., which itself filed for bankruptcy protection in December and is selling the club, intends for the team's stay in Chapter 11 to last just a day or two.
ESPN
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