Tribune may have Cubs file bankruptcy-sources

CHICAGO, July 13 (Reuters) - The Chicago Cubs baseball team may file for Chapter 11 in order to speed its sale by bankrupt media company Tribune Co (TRBCQ.PK), two sources familiar with the process said on Monday.

"It's pretty certain that they will do it," said one of the sources, who asked not to be identified because the sales process is continuing.

Such an approach would likely be taken to ensure the storied baseball team and related assets are free of liabilities so as to speed a sale, said the other source, who also asked not to be identified. Tribune filed for bankruptcy last December, but the Cubs were not part of that filing.

"I assume it will be a quick in and out," the first source said, adding the team could emerge from bankruptcy in anywhere from weeks to days.

Tribune Co spokesman Gary Weitman declined to comment. (Reporting by Ben Klayman; Editing by Tim Dobbyn)