Report: 2nd group back in talks

Updated: June 18, 2009, 11:15 PM ET

CHICAGO -- Talks to sell the Chicago Cubs have reopened with a rival bidding group as negotiations continue with the Ricketts family, sources familiar with the situation said on Thursday.

The bankrupt Tribune Co. has been trying to sell the Cubs for more than two years to reduce its debt burden. It agreed in January to sell the prized team and other assets to the Ricketts family for $900 million.

An exclusivity period between Tribune and the Ricketts group has ended, and the ...

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