Got $25 Million? Then You, Too, Can Own A Piece Of The Cubs

It’s in my other purse :).

good to see that would be coming along

You’re going to be in on this, right? :)

……….flagging, I needed an option for re-investment.

I’ll make up a sign to take along. Something along the lines of, “Need $25 Mil to buy share of Big Cubs, Please Help.” Who knows, Michael Gartner might be in attendance and feeling generous.

Dividends for a high level investor, or investment fund of 6.5% is quite revealing in that many of these people might have govt bonds with less than 2% interest….though the capital equity zero is basically a reverse loan. Giving them some soft stuff, is all insider stuff, top seats, access and discussions.

Bet these investments go fast…..

$250M

Sugar Momma who will spoil me to death.

Since you wouldnt be getting any part of the appreciation of the franchise? All for a token seat on some “board” and front row seats with the promise of getting your 25M back in 15 years?

Who would do this?

on any other news outlets. Thanks, Al, for bringing it to our attention.

Where’s my checkbook?

Thank God there is a Bulls and Hawks playoff game to fill my time until the next Cubs game

I wonder if a group can put together the 25 million? My Dad might be able to put together a group for that money but not by himself.

Wouldn’t it be nice if someone helped a group of great Cubs put together that money for part of the team?

would ever consider this? Probably not but having another life-long Cubs fan who knows how to run a business in the fold could never hurt. He has the coin to do this at the blink of an eye.

If market interest rates are less than 6.5%, the investors will come out ahead. Picking a number, say 3% (considering current Fed rate is about 0% and historic stock market return is 8%) the net present value of the investment for anyone putting up the $25 million would be $32,463.927.48. If BCB puts up the money they could come out $7 million ahead!

All my stock trading is through TD Ameritrade which is owned by Father Ricketts.

Tom Ricketts is offering 6.5% per year and I get my original investment of $25M back after 15 years.

I get front-row seats at Wrigley Field. I can sell them on StubHub.

I can hobnob with players, get some cool autographed stuff and sell that on eBay.

If I sell my baseball card collection, which includes complete sets from 1968-1973 and 100 Manny Ramirez Rookie Cards, and my vinyl records collection, plus cash in my IRA and US Savings Bonds, I will have….

Who am I kidding, I’m still short by 24 and a half million, give or take a few hundred thousand.

…and there will be no way to explain it to you.

I wonder if he wants a check or money order? If I were a multi millionaire I would invest. Getting 6.5% a year return isn’t too bad, plus great seats. Unfortunately, I can only afford to go to Wrigley once every few years. Going to be there Thursday, section 109 with two of my sons. Can’t wait.

I need to call that guy up and tell him to complete the sale before the White Sox fans start poneying up a couple of bux

What Ricketts is really looking for is Mezzanine debt (the stuff in between the secure debt and the equity). First of all, Mezz debt is not even around in today’s world, and if it were, it would be priced at least 900 basis points higher than Ricketts is offering it—no surprise there.

This is a really crappy deal that Ricketts is offering investors for the risk level that that they have in the capital structure for a deal as “cash flow risky” as a baseball franchise. The day after you buy this paper for a 6.5% yield (if you do), it will be worth about 30 cents on the dollar in the open market, best case. That is how I see it, as a financial guy.

when will common stock be offered up? Hmmmmm….

Stubborn twenty five million dollars in the way of your dreams?!?! Then give it to Tom RIcketts, Inc so he can buy the Cubs! But wait! there’s more! You’ll earn 6.5% interest over the next 15 years!!!! That’ll nearly double your 25 million in that time period!!!…… But Wait there’s more!!!!! If you call in the next twenty minutes we’ll throw in front row tickets to all the home games!!! AND we’ll even give you some meet and great sessions with the players!!!

That’s front row seats, meet and great sessions, and doubling your money, all for the LOW one time price of not 100 million, not even 50 million, only 25 million dollars!

We can’t do this all day folks call now!!!!!

If I had 25mil to burn, I would certainly put it here! I mean, for a guy who could never outright buy a team, maybe participating in this preferred stock plan would be first step – or only step – to getting into ownership of an MLB franchise. Helllloooo Steve Stone… he often seems to be rumored to be buying the A’s or being part of the Canning group for the Cubs. Why not this?