Cuban can't buy the Cubs? Major League Baseball doesn't get a say
Recently, the Chicago Sun-Times released a story saying that Bud Selig would stop at nothing to prevent Mark Cuban from owning the Cubs. The term "zero chance" sprang up, and Cub fans everywhere concluded that, well, maybe it just wasn't meant to be.
Problem is, Selig doesn't get a say. As far as I know, he doesn't own a single share of the Chicago Tribune, he does not sit on the board of directors, and he is not going over the numbers with Sam Zell in trying to determine the best offer to purchase the team.
The best offer. That phrase is important. While Selig has played a role in the sale of other teams in the past, particularly the Marlins, Red Sox, and perhaps the Expos/Nationals, the Cubs are a different situation. They are property of a multi-billion dollar corporation which was hemorrhaging money long before the rest of America started to feel the bleed, and a corporation's top obligation is to make the best deal for its shareholders. That means that if Fidel Castro suddenly outbid the field, the Tribune would be obligated through its shareholders to sell the team to Cuba's former president. Selig can probably weigh in before the decision is made, but this will not be a situation of the team going to the second or third highest bidder.
Regardless, what remains clear is that the sale will not be completed any time soon. The financial crisis has seen to that. But Bud Selig is not all powerful, nor is he all knowing, and if Mark Cuban makes the best offer to buy the Cubs, then Mark Cuban will be the next owner.