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But negotiations lasted longer than expected, complicated by factors such as Tribune Co.'s financial straits as well as the Ricketts' efforts to secure financing during the recession.
On Monday, though, Cubs manager Lou Piniella expressed optimism about the deal.
"I'm glad to see that things are progressing," he said. "Yeah, it's a positive thing for this organization. It's been a while. It was good news. I heard it when I came to the ballpark and I was very pleased."
Piniella said he has not met Tom Ricketts, but "I heard he's a fine gentleman and will be a really nice owner."
[Associated Press;
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