What the Cubs sale will say about baseball

A nice article from Forbes.com that discusses the possible financial ramifications of a Cubs sale.

I'm worried that a hefty pricetag will lead to a restriction on spending in the coming years, or worse, inflated ticket prices. Anyone else want to weigh in?

about 3 years ago IowaCubs- 8 comments 0 recs |

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Quote from the article

The reluctance of banks to lend right now basically requires a buyer to sink more equity into the purchase, or requires the seller to come down in price (or some combination of the two).

Either way, there’s less debt on the books, meaning a new owner will be sitting in a nice position once the economy turns around.

I think you worry too much.

"That's my opinion and if you don't like it, well, I have others." ~ Groucho Marx

by Al Yellon on Jan 14, 2009 4:16 PM CST reply actions

Boy Zell really F'd this one up

for his sake anyways

Okay, just so I understand it... in your wildest fantasy, you are in hell. And you are co-running a bed and breakfast with the devil.

by bren on Jan 14, 2009 4:20 PM CST up reply actions

Yep.

He could have had far more $ a year ago.

"That's my opinion and if you don't like it, well, I have others." ~ Groucho Marx

by Al Yellon on Jan 14, 2009 5:15 PM CST up reply actions

I start to feel bad for him

But then I remember that he simply missed out on a few hundred million dollars. There are millions of people losing their jobs. Then I don’t feel bad for him. I just feel scared for me.

Chicago Cubs Humor, News and Parody at The Cubs Brickyard

by Brett Taylor on Jan 14, 2009 7:02 PM CST up reply actions

I feel bad for the people at Tribune Co

that will lose their jobs as a result of Zell’s incompetence.

Hey, it's a new century!

by cowsarecool220 on Jan 15, 2009 12:41 AM CST up reply actions

hahaha...

you’re probably right.

Proud recipient of a hot dog shot from the Iowa Cubs hot dog gun.

by IowaCubs- on Jan 15, 2009 11:06 AM CST up reply actions

I really don't understand how the Dodgers are more valuable than the Cubs.

If we are adding in stadiums, it’s not even close. I am unsure how many fans are really around during the Brooklyn days—which I am certain adds to the teams perceived value—and I have always assumed the LA fanbase to be lackadaisical at best.

Dan

Evey Hammond: Vi Veri Veniversum Vivus Vici. V: By the power of truth, I, while living, have conquered the universe.

by dtpollitt on Jan 14, 2009 5:32 PM CST reply actions

Based on the article

Its purely based on revenues. So, the Dodgers bring in more money (probably a good chunk from advertising) which would explain why they are ranked higher than the Cubs. Their attendance still remains pretty comparable plus they have 56,000 seats. I’d like to see merchandising figures, since they represent the polar opposite to the “East Side” NY caps you see many random non-baseball fans wearing. I would think they probably get more revenues in merchandise too, if you assume they have a higher interest simply because they represent the west coast. Just a thought.

by StevenABQ on Jan 14, 2009 5:45 PM CST up reply actions