[vincesanity82]

John Canning, chairman of Chicago private-equity firm Madison-Dearborn Partners and noted dude with lots of money, is interested in the Cubs. His ownership group has long been mentioned as the frontrunner in the sale of the storied franchise mostly because he's really good friends with Bud Selig, and that is one of two big prerequisites -- the other being, you know, money -- for becoming a Major League Baseball owner.

Turns out, Canning might have failed at the money bit. His first offer lowballed the Cubs, and they dismissed it outright:

A group led by John Canning, chairman of Chicago private-equity firm Madison Dearborn, valued the Cubs, Wrigley and the team's stake in Comcast SportsNet at far less than the $1 billion or more that the four or five groups team owner Tribune Co. deemed satisfactory to continue, a source with knowledge of the process said. [...] But Tribune Co., which also owns the Chicago Tribune, appeared to be serving notice in shooting down the lowball offer. The source indicated that the most important figures connected with any offer will be the ones with dollar signs [...]

Cubs Laugh at Low Bid From Selig Pal - MLB FanHouse

[cwstech]

An article I read on ESPN.com last night stated that he is also a minority owner for the Brewers. I sure don't want a part owner of our division rival to own our team. GO MARK CUBAN!!!

ESPN - Report: Cubs cut number of bids to at least three, including Cuban - MLB

[GOcubsGO12]

Agreed.....Mark Cuban is the man.