Sports

Mark Cuban Will Not Be Buying the Chicago Cubs

by Jon Azpiri | November 7, 2008 at 11:01 am

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Billionaire NBA owner Mark Cuban will likely have bid to buy the Chicago Cubs if and when the offer makes it to the desk of Major League Commissioner Bud Selig.

Global financial crisis or not, baseball's old guard plans to stand firm against letting Cuban into the club. ''There's no way Bud and the owners are going to let that happen,'' a Major League Baseball source said this week. ''Zero chance.''

Cuban, who owns the NBA's Dallas Mavericks, has reputation for being a bit of a maverick himself, regularly complaining about NBA officiating and management. Between 2000 and 2006, the NBA has fined Cuban eight times for a total of more than US$ 1 million.

Cuban had expressed interest in the buying the sad-sack Cubs from current owner Sam Zell. It was widely believed that if Cuban had bought the team, he would spent huge money of players to try and break the team's 100-year World Series slump.

With Cuban out of the picture, it may take a while for a deal to get done.

''We'll be standing here at next year's GM meetings,'' the source told the Sun-Times, ''and this will still be unresolved."

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