Finally Some Movement On The Cubs' Sale

Daniel Kaplan from the SportsBusiness Journal is reporting that Tom Ricketts could be less than a week away from securing the financing needed to close the deal.

The deal still needs to be approved by bankruptcy judges as well as the MLB so this doesn't necessarily mean the deal is now on the fast track. Kaplan suggests MLB may choose to review the sale at the Owner's Meetings set for August.

I wouldn't get my hopes up that everything will go smoothly and rely on that potential timetable given the history of this sale process. It could however make the informal discussions that Ricketts has had with Jim Hendry and Crane Kenney just a bit more formal.

With the Padres floundering and renewed talk that they'll be feeling pressure to deal Peavy more than ever, will the Peavy to Cubs rumors return to full force soon? I'm sure we can't wait to follow the hourly updates on the deal every day through the end of July...