As Many As 40 Bidders For Cubs, Says Source

About 15 different parties plan to make bids for the Cubs in September, and another 25 groups are being weighed by major league baseball. The sale of the team and assets is expected to top $1 billion according to sources.

Reuters says the bids are expected to come in after the September 3rd Labor Day holiday and a winner will be selected in October. The winner will then need to be approved by major league baseball. I can easily see the red tape lasting into next spring, handcuffing the team's ability to sign free agents, including their own. Carlos Zambrano might be caught in the whirlwind and not want to wait for a new owner to decide to make an offer. Hopefully this plays out before the November free agent period begins.

I'd have to say that 15-40 bidders has to be the most ever for a major league franchise, possibly any sports franchise in history.