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Thursday, April 03, 2014

Cubs considering sale of minority stakes

The Ricketts family, which bought the team and stadium in 2009, is weighing whether to sell minority shares to help fund $300 million in fix-ups to the park plus a $200 million neighborhood redevelopment.

Could this help explain the ever shrinking payroll?

SteveM. Posted: April 03, 2014 at 11:57 PM | 9 comment(s) Login to Bookmark
  Tags: broke ass, chicago cubs, over their heads

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   1. Pops Freshenmeyer Posted: April 04, 2014 at 09:57 AM (#4679096)
Buying a Powerball ticket this weekend...
   2. Gone Fishing Posted: April 04, 2014 at 10:00 AM (#4679098)
The Ricketts family is obviously underfinanced for this asset.
   3. McCoy Posted: April 04, 2014 at 10:10 AM (#4679106)
Do taxpayers count as partners?
   4. ursus arctos Posted: April 04, 2014 at 10:19 AM (#4679114)
The parallel with the Mets post-Madoff is troubling.
   5. Gone Fishing Posted: April 04, 2014 at 10:22 AM (#4679120)
It's been obvious since virtually Day One that the "rebuilding" plan was money-related. The only ones who didn't see it are the prospect geeks, the Theo fanboys, the deluded, and the delusional.
   6. Greg Pope Posted: April 04, 2014 at 10:28 AM (#4679128)
The parallel with the Mets post-Madoff is troubling.

My thoughts exactly, when I read the headline. Does this minority stake include breakfast with Clarkie?
   7. just plain joe Posted: April 04, 2014 at 10:32 AM (#4679133)
How much of the Cubs can you get for five bucks?
   8. SouthSideRyan Posted: April 04, 2014 at 10:59 AM (#4679185)
"Profit taking? I don't even know what that is."
   9. The District Attorney Posted: April 04, 2014 at 11:10 AM (#4679201)
Is there anyone besides Blade and Principal Wood who would want to buy them?

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