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Cubs reportedly to file for Chapter 11

Updated: July 13, 2009, 7:29 PM ET
ESPN.com news services

CHICAGO -- The Chicago Cubs might file for Chapter 11 in order to speed their sale by bankrupt media company Tribune Co., according to several media reports.

Reuters first reported the story Monday, citing sources familiar with the process. If they file, the Cubs would become the first team to declare bankruptcy since the Seattle Pilots went belly-up in 1970.

"It's pretty certain that they will do it," a source, who asked not to be identified because the sales process is continuing, ...

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