It’s
true – the Ricketts family that bought the ball club from the Tribune Co.
several years ago needed to come up with the cash somehow to do that bleacher
remodeling at Wrigley Field. Their way of financing was to sell a portion of
the ball club to outside interests.
ESPN
REPORTED THAT the DeVos family is among six new investors who collectively now
own about 10 percent of the Cubs – meaning the Ricketts family is still solidly
in control of the baseball activity at Clark and Addison streets.
But
their money accounts for the $375 million being spent on the construction work
taking place this winter at Wrigley Field for the remodeling that is meant to
give the 101-year-old stadium touches of 21st Century modernity –
particularly ones that the Cubs can use to squeeze money from corporate
interests, thereby boosting the team’s profitability.
Now
I realize it isn’t unusual for sports franchises to have multiple owners, and
people whose percent or two of a ball club gives them the bragging rights, so
to speak, of saying it’s their team – even though they don’t really have the
authority to fire a hot dog vendor who can’t wash his hands properly prior to
doing his job.
If
I recall correctly, long-time Chicago White Sox Chairman Jerry Reinsdorf only
owns a miniscule share of the team – but has control because all the minority
partners support him.
WHEREAS
THE RICKETTS family members are still fully in control of the Cubs, and are to
blame for anything that goes wrong with the ball club.
But
it does create potential for comic relief to have the Amway people involved,
since the very concept of “Amway products” (assorted cleaning and beauty
supplies that people sell to try to earn extra money for themselves) is often
good for a punch line.
I
remember the one time someone tried to get me involved with Amway – a former
college classmate of mine managed to supplement his income with them, and he
was trying to get me into the idea of selling such products.
Because
Amway’s concept of people creating their own “business” means they get a
portion of the sales made by anyone whom they recruit into the scheme. On a
certain level, it seems like a giant pyramid scheme. Although I’m presuming
that since Amway has not been indicted by the feds, they’re managing to follow
the letter of the law.
BUT
DOES THIS mean that fans can now get some sort of bonus if they manage to
entice other people to actually go to Cubs games, thereby boosting team
attendance regardless of whether or not the ball club actually lives up to all
the promise we’re hearing about all the hot prospects the team supposedly now
has?
Could
we get concession stands at the ball park offering up Amway products?
Heck,
will we literally get the Amway Co. someday buying the naming rights to the
structure known for many decades as Wrigley Field (promoting the chewing gum)?
Amway
Field? Is it any more ridiculous than United Center, home of the Chicago Bulls.
I’m sure the very thought would wind up being the punch line for many a joke
told by the U.S. Cellular Field crowd in the future.
SPEAKING
OF PRO basketball, the DeVos family is primary owner of the Orlando Magic,
which plays its games in a structure known as Amway Center.
So
for those of you Cubs fans who are now thinking to yourself that I’m being
ridiculous, absurd and a downright fool for suggesting something that could
never happen, keep in mind that in business just about anything can happen if
it has potential to bring in more revenue.
Of
course, there is the ultimate question – should we now regard Chicago Cubs
baseball itself to be an Amway product?
One
that at least a few Chicagoans would probably react to in the same way whenever
they are offered a chance to buy Amway-brand cleaning solutions – slamming that
wallet or purse shut tight!
-30-
1 comment:
All the health conscious people in and around phoenix can avail our range of products to buy amway products in phoenix at most economic rates.
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