Cubs bids reportedly due this month

July 8, 2008 4:17:29 PM PDT
First round bids to buy the Chicago Cubs will reportedly be due by July 18. Ten potential buyers have been approved by Major League Baseball. The team could go for as much as $1 billion.

After the first round of bidding, the field will be narrowed to about five teams.

The final deal could be completed by end of the year or early next year.