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Cubbies Up For Sale After The Season

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Cubbies Up For Sale After The Season

Unread postby swerb » Tue Apr 03, 2007 8:28 am

http://sports.yahoo.com/top/news?slug=a ... &type=lgns

Couple interesting snippets from the column ...

Mark Cuban taking over the Cubs. Now that would be interesting.

Zell, a real estate magnate who already owns part of his hometown Bulls and White Sox, issued no comment about why he's not interested in keeping the Cubs in connection with the $8.2 billion deal. The team is one of Tribune's richest assets.

Bidding for the ballclub and historic Wrigley Field, however, is certain to be fiercely competitive. Analysts have estimated the Cubs could fetch $600 million or more, a far cry from the $20.5 million Tribune paid in 1981.

While the total may not exceed the record $660 million paid for the Boston Red Sox in 2002 by a group headed by John Henry, analysts and baseball insiders all agreed the price should top those paid since then for the Washington Nationals ($450 million), Los Angeles Dodgers ($430 million) and Milwaukee Brewers ($223 million), and agreed to for the Atlanta Braves ($461 million).


The Cubs' popularity as a sports franchise -- and the lure of potentially steering them to their first championship since 1908 -- has attracted the interest of many potential buyers since a sale became a strong possibility last year. Billionaire entrepreneur Mark Cuban, Phoenix sports executive Jerry Colangelo and actor Bill Murray are among those reported or rumored to have interest, along with numerous Chicago business figures.

Cuban, the most prominent and wealthiest of the bunch, did not immediately respond to a request for comment, nor did Colangelo, a Chicago-area native who said in a November interview that he would have "great interest" in the Cubs.
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Unread postby hermanfontenot » Tue Apr 03, 2007 1:45 pm

IIRC, Cuban is a Pittsburgh native, and has been the longstanding wet-dream owner for Pirates fans who are sick w/McClatchy.

As for the Cubs, all the ownership money in the world won't help them without a basic change in organizational philosophy. For decades they've bought players instead of developing them, and it has gotten them nowhere. They need to put some emphasis on in-house player development- something they've never done.
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