Ricketts Family Looking to Sell Some Shares

nwfisch

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I thought the Ricketts had more than enough resources to compete.

Whoops.
 

Scoot26

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Fisch, you should buy.
 

Parade_Rain

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They could just purchase some land elsewhere big enough for a ball park and call Wrigleyville's bluff.
 

patg006

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They could just purchase some land elsewhere big enough for a ball park and call Wrigleyville's bluff.

Actually it is most likely the other way around.

Wrigleyville is calling Rickett's bluff.

A suburban stadium with the current AA ball club packaged as a major league team would see attendance drop to Miami and Tampa levels.

The current AA ball club packaged as a major league team in Wrigley Field will likely still draw near 2.5M fans.
 

Parade_Rain

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It's not shocking that you posted a strawman to bash the current ball team, as opposed to addressing the issue, which is Wrigleyville and a neighborhood that depends on baseball. They could build a new retractable roof stadium with easier access from several interstates in the south/west burbs, and keep Wrigley for the Class A franchise. Baseball and concerts. That wouldn't help the rooftop owners though. They would be SOL.
 

patg006

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It's not shocking that you posted a strawman to bash the current ball team, as opposed to addressing the issue, which is Wrigleyville and a neighborhood that depends on baseball. They could build a new retractable roof stadium with easier access from several interstates in the south/west burbs, and keep Wrigley for the Class A franchise. Baseball and concerts. That wouldn't help the rooftop owners though. They would be SOL.

And I did address the issue by clearly stating the Cubs would be SOL by building a stadium in the suburbs and losing a large percentage of their attendance.

You are delusional if you think the Cubs sold 2.5M tickets last year because people wanted to come see the Cubs play.

They sold 2.5M tickets mostly because people wanted to see baseball at Wrigley Field and in the unique neighborhood setting it has.

You take that away, you are left with bad baseball in a cookie cutter suburban setting. Yawn.

Dont be stupid. Moving out of Wrigley Field and Wrigleyville would be a crushing blow to the franchise.

The $20M they spent on the parking lot across from Wrigley would be virtually valueless. Attendance would plummet to Miami and Tampa levels which would drastically reduce the value of the franchise. It would also greatly impact the TV deals that are coming up for renewal as people will even watch Cubs game because it is Wrigley Field. Wrigley Field is more integral to the value of the franchise than any other North American sport franchise with maybe the exception of the Red Sox and Fenway Park.

The Cubs can still charge the 3rd highest average ticket price in all of baseball. Is it because of the quality, winning team on the field or is it because of the ballpark?

You prospect nerds like to come home from your college classes and sit in your dorm rooms alone and make claims that moving to the suburbs would have no impact on attendance but you are wrong and the Ricketts know that. They are smarter than you are. Wrigley Field is not filled with hard core baseball fans. It is filled with casual fans who go mainly for the atmosphere. You take the atmosphere away and you will lose the casual fans as well.

Sure the Cubs moving would hurt the rooftop owners and they would lose millions of dollars, but moving the Cubs would cost the Cubs hundreds of millions of dollars.
 

justaChifan

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A guy who lived in wrigleyville was interviewed by WGN news and was asked what his anticipation was for this year.
He said he was a Reds fan.
He was asked anyway what excites him about this year.
He said "the atmosphere around the park" 6:00 AM newscast.
Ricketts knows exactly what he's doing.
 

patg006

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So I have been thinking about this a bit more and it is pure genius.

The Ricketts could probably sell 1/3 of the franchise for the $500M that is needed for the new hotel and jumbotron, I mean stadium renovation.

At the end of the day that would leave the Ricketts still with roughly 2/3 of a franchise worth $1.2B with a shiny new playground atmosphere around the ballpark and a soon to be new local media deal all for the cost of $200M.

And people say that they don't have a clue what they are doing or have no plan.
 

diavolos

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i've thought all along that the only thing the ricketts are interested in is moving a large amount of money from themselves to their heirs. winning is never going to be a priority for them. it's only about moving money around. so far, they've shown what they're interested in by not spending any money at all. the guy made his money in the financial industry. all he's seeing is a paycheck.

i'm not denigrating making a profit. at all. the cubs can be very profitable. but winning a world series is low on the list of priorities for the ricketts. they could easily spend some ducats and try to win a championship. them refusing speaks volumes.

i know this is not a popular opinion for a lot of people on this site.
 

Icculus

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It's not shocking that you posted a strawman to bash the current ball team, as opposed to addressing the issue, which is Wrigleyville and a neighborhood that depends on baseball. They could build a new retractable roof stadium with easier access from several interstates in the south/west burbs, and keep Wrigley for the Class A franchise. Baseball and concerts. That wouldn't help the rooftop owners though. They would be SOL.

You don't think you could have a rooftop party watching such totally rockin' artists like Billy Joel and Kenny Chesney?
 

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