Investor Utay leads Cubs bidder group-sources

CHICAGO, July 29 (Reuters) - Marc Utay, a managing partner with New York-based private equity firm Clarion Capital Partners LLC is leading one of the groups bidding for the Chicago Cubs baseball team, two sources briefed on the matter said on Tuesday.

Utay leads the group that includes media investor Leo Hindery, said the two sources, who asked not to be identified because the sale process is ongoing.

Utay could not be reached to comment.

Tribune Co, which is selling the Cubs, as well as the team's home ballpark Wrigley Field and a stake in a regional sports TV network, has narrowed the field of bidders to five groups in a process expected to attract offers topping $1 billion. (Reporting by Ben Klayman, editing by Leslie Gevirtz)