Helping to pay to fix up Wrigley Field could get you a minority partnership in the ball club? |
Personally,
I can’t comprehend why anyone in their right mind would want to. But to each
his own, and now it seems there’s a chance you might actually be able to buy a
bit of the ball club that represents Chicago in the National League.
NOT
THAT YOU’D get your chance to do anything in the way of changing the way things
work at Clark and Addison streets.
For,
as reported by Comcast SportsNet and Crain’s Chicago Business, nothing is
definite yet. But the Ricketts family that owns majority control of the team
reportedly is considering selling a few shares of the team.
Their
intent is to come up with the $500 million it is estimated it will cost to do a
series of renovations on Wrigley Field to ensure that the building will be
structurally sound enough to be in use for several more decades, while still
having amenities that will allow it to compete with the newest stadiums and all
their special (cash-generating) features.
The
Ricketts family is wealthy. And my guess is that part of the reason they got so
much money is because they don’t go around spending it if they can get someone
else to.
SO
THE FACT that the Rickettses want a remodeled stadium doesn’t mean they’re
going to mortgage the family fortune to get it done.
Get
a series of investors to put up the cash, and reward them with shares of the
ball club. Not enough for them to have control. But enough that they can go
walking around with their chests puffed out saying, “I own the Chicago Cubs!!!”
I
suppose it’s no different than the Chicago White Sox situation, where there are
many people who own a part of the ball club – some of whom have been around
since the days when Bill Veeck ran the team. But they’re all pledged loyal to
Chairman Jerry Reinsdorf, and they don’t try to run anything.
I
suppose it’s the next step up from those personal seat licenses some
professional sports franchises sell to people. You have to cough up a
significant amount of cash in order to have the right to buy tickets to
individual games.
SO
THE NEXT time you venture to Wrigley Field (I want to say that the last time I
went there, they played the Montreal Expos – it’s been awhile), just think. You
may wind up finding yourself sitting next to an “owner” of the team.
You
can guzzle back your Old Style-brand beer (why some people feel such a love for
it that the ball club reached an agreement to keep it, despite the dominance of
Anheuser-Busch products throughout the ball park is something I’ll never
comprehend) while listening to him tell you what he’d do differently – if only
he had a real say in the team.
Just
something to think about, if you’re amongst those willing to put up with the
predicted 48-degree temperatures and overcast skies just to see the
Philadelphia Phillies give the Cubbies a Friday afternoon Opening Day pounding!
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