Who Should Own The Cubs?
With another couple of days to pass with no ballgames, I thought it was about time to start some discussion here of the next big event regarding the Cubs -- the upcoming sale by Tribune Company, or more correctly, by Sam Zell once he consummates the purchase of Tribune Company. Incidentally, just today we learn that this deal may be further delayed because:
I have been accused of being an apologist for Tribco. Nothing could be further from the truth. As many of you know, I wrote three paid articles for Vine Line and got paid $180 for them. I can't be bought for $180 -- that's ridiculous. In fact, all three articles were adapted from posts I originally made here. There have been times when I have defended Tribco, management, and Dusty Baker -- far longer than I should have, in the latter case. At this point, that's far beyond relevance -- I know, as do all of you, that it's time to move on, to get an owner of this ballclub that is committed in every way to winning. I do think Tribco management wanted to win; it simply wasn't willing to go the extra mile to do so. A very simple way of seeing this is the fact that the Cubs have the fewest full-time year-round baseball employees of any team in baseball. This obviously hurts scouting and player development. I have heard this is going to change this offseason, as Tribco apparently wants to go out on a good foot -- or maybe they have an understanding with all of the principal contenders for ownership that they can do so. This might also portend well for possible payroll increases or acquisitions this offseason.
I've digressed a bit, but the bottom line on current ownership is this: in twenty-six years they've had nine winning seasons, five playoff appearances and no championships. This, obviously, isn't acceptable. It is, however, better than the twenty-six (in fact, previous thirty-six) seasons of the previous ownership, the Wrigleys, who managed the Cubs with benign neglect after World War II, to a total of eight winning seasons and no postseason appearances at all between 1946 and 1981.
We, therefore, deserve better and we demand better. And I'm here to tell you who I believe will give the Cubs the best chance to do what we all want so badly -- a World Championship.
Last week, Gary Cohen of the Medill Report, an online review written by graduate journalism students at Northwestern, summed up who he sees as the four major contenders for possible ownership -- the John Canning group, Mark Cuban, Don Levin and a group led by former Chicagoan and former Diamondbacks owner Jerry Colangelo. I don't necessarily agree with the odds Cohen puts on each group, and I'm not going to discuss the Colangelo possible bid here. It doesn't seem as if he has a realistic shot, given the debt with which he saddled the Diamondbacks, something Bud Selig and the other owners undoubtedly remember. This will likely sour MLB owners, who have the right to reject any potential owner for any reason they want, and put any Colangelo bid as a non-starter.
So let's look at the other three.
So many of you want Dallas Mavericks owner Mark Cuban to own the Cubs. And I keep asking myself, "Why? What is it about this guy that would make the Cubs a winner?" It's true that he's sunk a large amount of money into the Mavericks; they've become a perennial playoff team, although prone to early exits from those playoffs, too. What bothers me about Cuban, as I've written before, is his "It's all about me" attitude. When he was recently in Chicago he made a well-publicized trip to the bleachers, sitting there on September 17 when the Cubs made a stirring comeback and beat the Reds 7-6. And why was he doing this? To root for the Cubs? To show his loyalty? No, he was there sitting with his dance partner Kym Johnson to promote his appearance on "Dancing With The Stars".
I don't want this sort of forced loyalty, this "I'll bleed Cubs blue" (to coin a phrase) that Cuban's been quoted as saying he'll do IF he gets the team.
This, to me, is ownership by sports talk radio or reality show. He hasn't said one word about how he'd improve the team, who he'd hire and fire (and incidentally, any prospective owner would be crazy if he didn't retain the marketing team, and have a role for John McDonough. Say what you want about the performance on the field, there is absolutely no doubt that the Cubs' marketing department is among the best in baseball at what they do). All we've heard are some comments about what Mark Cuban would do. And check out the quotes from him in Rick Telander's Sun-Times column yesterday, taken from an article in Vibe magazine (couldn't find an online link):
"Tell your guy if he were here, I would walk right up to his face, call him a f---ing idiot with no clue."
And when the interviewer said he noticed tears in Cuban's eyes after Dallas was ousted by the Golden State Warriors last season, Cuban replied, "You are on crack."
No thanks on the John Canning group, either. While there's no doubt they do have money, there are hints that they wouldn't spend it. It'd be like having Tribco own the team, only by a single owner. It's not really clear whether Canning would be the "owner", either; the group he's putting together is likely very much like the group that owns the White Sox. Jerry Reinsdorf isn't the majority owner of the Sox; he's the "managing general partner", meaning the other owners in the partnership that owns the team made him the public face, the leader of the group. Canning's group, if they were to get the team, would probably do the same, and given the public criticism of his tight connection with Bud Selig, might choose someone with a well-known Chicago public face to be that "managing general partner". Who that would be -- I have no idea at this time. But reading some articles about how Canning's influence helped cut Brewers payroll in the years just before they were sold -- and the fact that he didn't seem interested in owning the team when they were put up for sale -- leads me, after careful consideration, to the same conclusion many of you have come to about Canning and his group. They'd be in it for money and money only, despite the fact that Canning grew up in Chicago and purports to be a Cubs fan. He's the wrong guy, and despite his close connections with Selig (and, presumably, Reinsdorf), I hope Bud and his minions will look at the bid from the guy I'm going to tell you about next, the man who'd be my selection, hands down, to be the next Cub owner if the choice were up to me.
That man is Don Levin, owner of the American Hockey League's Chicago Wolves.
He's everything we could want -- a local guy. Grew up a Cubs fan. Has owned a local sports team that's been a multiple-year champion and perennial contender (and yes, I am aware that they are an affiliate of a major league team, the Atlanta Thrashers; however, Levin also owned the Wolves when they were an IHL team and more independent, and produced winners there, too).
He was one of the first to express interest in buying the Cubs right after the Tribco sale was announced in April; from that article:
"I'm realistic enough to know that I might not get it," he said, "but I certainly hope that whoever gets it is local and that they have the passion to want to win, not just to play.
"My dream in life is to be involved in a World Series. Personally, I'd like to do it against [White Sox Chairman] Jerry Reinsdorf. He's the only other guy who likes to win as much as I do."
"Without fans, you don't have anything," he said.
His customers appreciate this refreshing attitude.
"He's just a fan himself," season-ticket holder Jim Smalley said. "That's why he's so down-to-earth. You can walk up to him and talk, and he definitely is willing to listen if you have something to say about the team. He makes you feel like you're part of the team."
"I would never do this for the money," said Levin, who owns Chicago's popular minor-league hockey franchise, the Wolves. "I'd do it to be the guy who after 98 years could help make a winner of the Cubs."
Estimates have placed the value of the Cubs from $500 million to as high as $650 million. Levin is unfazed.
"I could do it on my own," he said. "If they would be willing to sell it to me, I could close it in 90 days."
I won't flatter myself that the words I write here might have any influence over who eventually becomes Cubs owner. And it won't, as we all know, necessarily be the guy or group who bids one cent more than the others -- there are other factors involved.
But Sam Zell, if you're reading this: Don Levin is the perfect guy to be the next Chicago Cubs owner. And as you see above, he can pay you cash. Choose him, as soon as it's possible for you to do so (and with the delays in finishing the Tribco deal, it might take till after the 2008 season to complete a Cub sale). He's my choice. Go Cubs.
UPDATE [2007-10-22 15:55:46 by Al]: If you read through the comments to this post earlier today, you saw some photos posted, which I found immature and offensive and irrelevant to the post. I've allowed picture posting here and I don't want to take that privilege away, because many of the photos posted are terrific (game photos, in particular, taken by BCB readers), and so is the W flag posted on game threads after wins. But stuff like this is unnecessary and, to me, takes away from the intelligent discussion of this major issue involving the Cubs. This is simply to note that I reserve the right to delete any such future photos without warning. Thanks for understanding.
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Thanks for such a comprehensive piece...
I admit . . .
Then again, I just do not want Canning. No matter what. Everything I've heard about the group (Selig buddy, gutting the Brewers, corporate-pack mentality) sounds worse than life right now under Tribco.
peace,
hoosiercubbie
Agreed on Canning.
In many ways, he's exactly the guy Bud Selig was when he bought the Brewers in 1970. Longtime fan with money, local guy, etc.
The only difference is, Levin's committed to winning.
Okay Al I am sold on Levin also.
That and any association he may have with Reinsdorf settle it for me.
How realalistic is a Levin bid going to be taken though??
by cjn54 on Oct 22, 2007 2:48 PM CDT up reply actions
At the end of the day......
My money is on Cannning.
by timeforachange on Oct 24, 2007 7:29 AM CDT up reply actions
I'll post on that later today.
Excellent Post
Agreed that Levin
http://stats.theahl.com/stats/game-summary.php?game_id=1003565
However, in Cuban's defense, I think its too early for any prospective owner to say "one word about how he'd improve the team, who he'd hire and fire"
Is Levin the same guy...
I also remember early on in the season hearing that Bill Murray was interested. Is that dead altogether?
by Kyle Turney on Oct 22, 2007 10:45 AM CDT reply actions
The guy you're thinking of...
Levin is my choice
Levin is rich, he's local, he's a winner. Period. I think that's all anyone can ask for without seeing a single game under his ownership yet.
Agreed on Levin
the more I think about it.
by mike @ Bleed Cubbie Blue on Oct 22, 2007 11:21 AM CDT reply actions
Great recap Al
Don Levin?
Gee. So self centered. How can you support a guy like this?
Nicely taken out of context.
"I'd do it to be the guy who after 98 years could help make a winner of the Cubs."
That's exactly what we want, right?
You...
But your non-emtional reason for dismissing Cuban applies to Levin, too. You don't want Cuban because you don't like him.
Guess what. You probably wouldn't like Levin that much, either.
Cuban is not my top choice. But, if past performance is the best indication of future performance, what he's done with the Mavs is remarkable. I'd take a flyer on a guy like that.
The new owner...
by Rynot @ Bleed Cubbie Blue on Oct 22, 2007 11:51 AM CDT reply actions
our new owner:
Have a cheery disposition
Rosy cheeks, no warts
Play games, all sorts
You must be kind, you must be witty
Very sweet and fairly pretty
Take us on outings, give us treats
Sing songs, bring sweets
Never be cross or cruel
Never give us castor oil or gruel
Love us as a son and daughter
And never smell of barley water
If you won't scold and dominate us
We will never give you cause to hate us
We won't hide your spectacles so you can't see
Put toads in your bed or pepper in your tea
Hurry owner, thanks a ton
Sincerely, Al Yellon
Thanks Al.
Thanks for a thoughtful analysis
Unfortunately, fan loyalty is likely to be punished. The Cubs make a lot of money, by all reports. They certainly fill a lot of seats. It wasn't until the White Sox started to pass the Cubs in attendance that TribCo reacted with the winter 2006-2007 buying binge. And this season the Cubs set another new attendance record.
By ordinary business standards, the Cubs don't need to win a WS to be financially successful. They have proven it for years. If they are sold to the highest bidder - what Zell likely wants - we're likely to end up with a soulless, bean-counting owner who judges success by internal rate of return on the investment. You can practically see the spreadsheets being refined right now.
For Cubs' fans to win, the new owner has to be someone who will do whatever its takes to get a winner. Not the highest bidder; the best bidder. Not someone who will budget 20 mills from the IRR to player development. Instead, someone who is willing to lose money, if that's what it takes, to get a winner. Viewed from that POV, Colangelo's financial mis-management of the Snakes almost makes sense.
You almost persuade me that Levin is the best choice. But I'm more interested in the commitment, and I haven't heard that from any of the identified candidates.
Perhaps not
I do not think so.
Fans stoped showing in 06 and the Trib got some kind of message and at least in theory tried to do something about it.
Now maybe as has been speculated the Trib did so knowing that the Cubs would ultimately be on the block. But still the took action.
Let a new owner just sit on the Cubs and take minimal action and I would wager you will see a large amount of empty seats.
Just my guess.
by cjn54 on Oct 22, 2007 2:53 PM CDT up reply actions
Colangelo
But watch Cuban. He could potentially put a number on the table that couldn't be refused. Kinda like the Godfather.
I know Colangelo made a mess but...
by Kyle Turney on Oct 22, 2007 2:58 PM CDT up reply actions
Levin!
I see him 8-10 times a season at the Horizon (can't bring myself to call it by it's corporate sponsored name) and he's always interacting with the fans. Often Wayne Messmer is there with him along with Kevin Cheveldayoff.
On this topic back in 2002 during the Calder Cup finals I had a chance to ask him about major league ownership opportunities. Of course the Cubs were strongly in the grasp of the Trib but not too many people knew at the time Bill Wirtz was already rumored to be considering selling the Blackhawks due to the upcoming CBA issue, that eventually wiped out an entire season.
Between the 1st and 2nd OT's of the eventual title clinching game he told many of us he would absolutely love to own one of the major league franchises in the city; having mentioned how he grew up going to Wrigley and Chicago Stadium. He then went back out to the hallway to suck down a few more cigarettes.
Don can assemble an ownership team in the blink of an eye but I fear that the Bud-Light old-cronies club (that includes Canning and McKenna), will win out.
While I would love to see Don Levin own the Cubs it just seems like there's other powers at work.
Question
It almost seems like Bud is trying to steer this toward his pre-conceived conclusion without having someone who has a passionate deisre to be a majority owner. While Levin sounds like the best choice, I'd take Cuban or even George Steinbrenner over someone who is trying to convince himself that it would be a sound business investment.
The thing that scares me about Colangelo is that his pockets aren't that deep, so he has to walk a tightrope among the partners to remain in control as a minority owner. This is a much bigger factor in MLB than NBA due to the player development expenses.
I've heard that to be the case
There are rumors of about 20 high profile people in Canning's group including Duchossois (Arl Park).
One potential group not discussed here yet is the Ricketts family out of Omaha, founders of Ameritrade, now TD Ameritrade.
It'll be interesting to see how this plays out from a pure money perspective. Henry and his team were not the highest bidder for the BoSox in 2002. I've heard highest bidder, even by a margin, isn't even close to a shoe-in.
No, Canning has not
by Josh Timmers on Oct 22, 2007 4:01 PM CDT up reply actions
Which is why...
Levin's given a couple of interviews, as noted, but mostly along the lines of "sure, I'd be interested if they're on the block".
I'm guessing Levin's bid gets taken seriously, Cuban's doesn't.
it's all about capitalization
I don't know Levin, I'd like to know his capitalization. We know that Cuban has the money and is willing to spend it. We know that Canning may have the money but has a history of not spending but cutting. Also he is connected to the Great Pirate,
Bud, I stole the Pilots, Selig. That is a huge negative to me.
I have less negative feeling toward a Cuban purchase. I don't care if he is self-centered as long as he is willing to work to get the Cubs into the series. His history with the Mavs is positive, the fact that they haven't won isn't cogent as so much of being successful in the playoffs is getting hot at the right time. Last years Cards are a perfect example of that, a decent if not good team that got hot when they needed to.
I don't know Levin. He may be rich but is he rich enough to buy the team and improve it? How far will his cash stretch? It was heartening to see so many positive comments especially from Bruce Miles. You closer to the scene have a better perspective than I do.
Whoever buys the team I would only hope that they keep Lou around and beef up the minor league and scouting staff. The future grows player by player from within.
Bubba
Yeah that Bubba
by bubbamike the one and only on Oct 22, 2007 1:56 PM CDT reply actions
One question about Levin
Could he be scared off from making moves because of the operational risk they pose?
by NO100 on Oct 22, 2007 2:01 PM CDT reply actions
It sounded like it...
There are actually two questions here...
You know frankly...
by Damen Jackson on Oct 22, 2007 2:09 PM CDT up reply actions
Based on what I hear from some folks
I would like to think that him being local will have a significant impact here.
Cuban is 161 on the Forbes 400...
Neither Levin nor Canning is listed. But both are presumed to have access to co-investors with plenty of backing.
Just asking ??
Honestly how much do you think the Cubs will go for??
by cjn54 on Oct 22, 2007 2:57 PM CDT reply actions
Yes, I do think so.
The interesting
I don't think that this is likely, but I think its at least in the realm of possible.
by frustratedfan on Oct 22, 2007 5:26 PM CDT up reply actions
Yup
Hey, you sure that was Boudreau that said "God". He was a very religious and polite gentleman (my dad knew him from the Kiwanis Club in the 60's and his days traveling to Cleveland when Lou was player/manager there in the 50's) he would likely never say that. For many of us around at that time when Mike Schmidt was with the Phils, he would never say, "Schmidt" 'cause it was so close to the word we use for poop, he would say "Smith".
Maybe I have it slightly wrong
I thought that Kingman hit a slam in the 6th or 7th inning of that game and that was what he said.
My aplogies if I got it wrong, if so I will try and change it.
Man did I enjoy growing up listiening to Vince and Lou call Cub games.
by cjn54 on Oct 22, 2007 3:51 PM CDT up reply actions
I don't think on it's financial merits...
by Damen Jackson on Oct 22, 2007 3:23 PM CDT up reply actions
Of course you realize Al
Levin has no chance to own the Cubs unless he can outbid Canning and Cuban.
But you're forgetting...
Plus, Levin, as noted, can pay cash. Can Cuban and/or the Canning group?
I don't think
One example: I don't think MLB was very enthusiastic about Frank McCourt buying the Dodgers. But Fox presented MLB with a fait accompli and told them it was going to happen, despite Eli Broad coming in at the last minute to save the team from McCourt's ownership. Now NewsCorp has more influence over MLB than the Tribune does, but it's not going to be easy to block an owner just because they want someone else. The other 29 owners aren't going to go for that because they may want to sell someday.
The Nationals and Red Sox sales were special cases. The Nationals because they were owned by MLB and they could sell to anyone they wanted. The Red Sox were being sold by the Yawkey Trust, who had hired a close Selig friend in John Harrington to handle the sale.
http://roadsidephotos.sabr.org/baseball/bb02-1.htm
Selig simply doesn't have that kind of influence with Sam Zell. This is going to be a lot more like the Dodgers sale than the Red Sox or Nationals sales.
by Josh Timmers on Oct 22, 2007 4:13 PM CDT up reply actions
No, I don't think ...
As I said
He'll be taken seriously. But all his friendship in the world with Jerry Reinsdorf isn't going to help him if his bid comes in below the Canning group. Zell doesn't care about making Selig or any other owner happy.
I agree with you that Cuban is probably not acceptable to MLB and that the other owners will move to block him. But beyond him, I think whoever is the highest bidder gets the team.
by Josh Timmers on Oct 22, 2007 4:46 PM CDT up reply actions
Al, great analysis....the most important concern
This alone is a red flag as a potential owner for fans.
The even scarier part is he has unlimited financial resources with partners like Michael Krasny (one of the richest men in the US) Duchossois, Larry Levy etc.
Great summation
Couldn't agree more on Canning
Granted, they are good now because they consistently drafted in the top 4 of the first round (meaning, finished in the bottom 4 records year-after-year-after-year) and finally got some talented, CHEAP players. But that team has shown no inkling of investing in players to put them over the top.
Why would anyone want the Cubs to take on some of that?
Glad to see you
Levin seems an obvious choice to entrust our team. And while I don't agree with your revulsion at Cuban, let's just hope Selig hasn't already primed the pump for his buddy.
However, despite Levin's assertion that he has no problems with a $600M price tag, $1B is a ton of money for anyone. I can't imagine any of the suitors have that much cash available. Financing will be essential in any purchase and with the credit markets still very tight as a result of the sub prime meltdown, balance sheets will be a critical factor.
Finally, the possibility that FCC Chairman Martin will use the Trib sale hostage to a GOP sellout ought to evoke a storm of criticism.
Excellent summary Al
The most important next step is going to be the Trib releasing "the book" on what they are actually going to include in the transaction. When this occurs, you may see a group or two drop out of contention and possibly one or two become more prominent. The mix of personalities (Cuban, Zell, Selig, Reinsdorf, etc.) will make this issue even more fun to watch, as they all jockey for position.
IMO, Zell could care less about sports, he is a businessman and wants to make the best deal possible. Add in Cuban, who could very well make an offer that the other potential cadidates would be unwilling to match and then the fun will really start.
At this point in time, it's really difficult to asses who has the upper hand until the groups are willing to put real bids on the table against the assets for sale. There is one thing for sure, you will see some sparks fly before this whole thing is settled, and I would agree that you could do a lot worse than Levin.
Great Work Al!
Agreed... Mark Cuban would be fun for a while, but only in a one night stand sort of way. Yeah, it would be awesome to watch him throw back a homerun from the bleachers, but would we really respect ourselves in the morning??
I want an owner I can grow old with, not just some arm candy of the day!

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