Cubs auction spins into action

It can be tough running an auction in the best of times — and that certainly isn’t now. But some assets almost sell themselves.

The Chicago Cubs is one of the latter auctions. Finding a buyer for the team, network and field is a drawn out process, but that isn’t to do with lack of interest, more the lenghty process whereby potential buyers have to be approved by the MBL before they can submit an offer.

Bids went in on Friday and interest was high. Still, it will likely be before the close of the baseball season before a new owner is picked and rubber-stamped.

As the process rolls on, the scramble is on to work out who bid for what. The latest name to come out is Hersch Klaff, president of Chicago-based Klaff Realty.