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View Full Version : TribCo to Own Cubs Through '08


Viva Medias B's
01-20-2008, 10:25 PM
Sam Zell has said that his Tribune Co. will probably continue to own the Chicago National League Ballclub, Inc., through the 2008 season. The reason is that Wrigley Field must be sold first, and Zell is trying to sell it to the Illinois Sports Facility Authority.

Link (http://www.nbc5.com/sports/15098547/detail.html?dl=headlineclick)

MCHSoxFan
01-21-2008, 12:19 PM
Zell is trying to sell it to the Illinois Sports Facility Authority.

Link (http://www.nbc5.com/sports/15098547/detail.html?dl=headlineclick)

Isn't that who owns/runs USCF?

voodoochile
01-21-2008, 12:27 PM
I am shocked that they aren't being offered as a package deal. If you split them up, the new owner of the ballpark might indeed tear it down and build something on that spot because they'll make a ton more doing that then leasing the stadium to the flubbies every year.

RedHeadPaleHoser
01-21-2008, 12:37 PM
Isn't that who owns/runs USCF?

The very same.

Fenway
01-21-2008, 12:47 PM
I am shocked that they aren't being offered as a package deal. If you split them up, the new owner of the ballpark might indeed tear it down and build something on that spot because they'll make a ton more doing that then leasing the stadium to the flubbies every year.

This was covered in a front page story this morning in The Trib ( I paid 75 cents for that????? )

http://www.chicagotribune.com/sports/cs-080120cubs,1,7560466.story?ctrack=1&cset=true

"We worry about a new owner coming in and deciding, 'Do you go the way of the Yankees and destroy [the ballpark] and rebuild somewhere else?' or 'Do you go the way of Fenway and rehabilitate it?' " Kenney said.

"We'd like to bind the new owner to play at Clark and Addison for the foreseeable future."

John Harrington sold the Red Sox in part because he could not get the state and city to cough up enough money to build a new park and decided to let somebody else deal with it. Lucchino brought in Janet Marie Smith and asked one question "Can this dump be saved?" 6 years later Fenway is 1000% times better than in 2001 and now they have announced they will redo the grandstand seats next year ( eliminate 2 rows and make the seats wider ) They can do this now with the high priced seats on the roof that will be finished in time for 2008 )

If the State of Illinois buys Wrigley they should do whatever it takes to hire Ms. Smith to redo Wrigley. You can also assume the Cubs will play at USCF for a year or 2 while Wrigley is redone. The White Sox "could" veto it but if it means more money coming to them thay will sign off on it. 81 dates for parking and concessions will be a nice windfall for the Southsiders.

gregoriop
01-21-2008, 12:51 PM
If the State of Illinois buys Wrigley they should do whatever it takes to hire Ms. Smith to redo Wrigley. You can also assume the Cubs will play at USCF for a year or 2 while Wrigley is redone. The White Sox "could" veto it but if it means more money coming to them thay will sign off on it. 81 dates for parking and concessions will be a nice windfall for the Southsiders.

This hurts to think about.

Fenway
01-21-2008, 12:58 PM
This hurts to think about.

I am sure it does hurt to think about but we have to be realistic. The white Sox will want concessions from the landlord and the state will do it as there is no other option.

Then 20-30 years fron now it will come time to renovate USCF and you will see the Sox at Wrigley for a season or two.

Does anyone here really believe JR will not allow it to happen if he can make money on it?

SBSoxFan
01-21-2008, 01:31 PM
I am sure it does hurt to think about but we have to be realistic. The white Sox will want concessions from the landlord and the state will do it as there is no other option.

Then 20-30 years fron now it will come time to renovate USCF and you will see the Sox at Wrigley for a season or two.

Does anyone here really believe JR will not allow it to happen if he can make money on it?

This isn't just money in the bank. You still have to pay people, and consider the maintenance costs associated with doubling the amount of games played at a venue. Finally, what do you do with the few overlap dates?

Why don't they play at Soldier's Field?

Fenway
01-21-2008, 01:36 PM
This isn't just money in the bank. You still have to pay people, and consider the maintenance costs associated with doubling the amount of games played at a venue. Finally, what do you do with the few overlap dates?

Why don't they play at Soldier's Field?

The schedule can be adapted if need be.

Soldier Field is not owned by the state..it is owned by the city.

My biggest concern is that the state would install FIELDTURF for the years both teams play at USCF. Roger might have a heart attack.

DumpJerry
01-21-2008, 02:34 PM
You can also assume the Cubs will play at USCF for a year or 2 while Wrigley is redone. The White Sox "could" veto it but if it means more money coming to them thay will sign off on it. 81 dates for parking and concessions will be a nice windfall for the Southsiders.

They have in the past. They probably would again.

My biggest concern is that the state would install FIELDTURF for the years both teams play at USCF. Roger might have a heart attack.
Might? That's like saying water might be wet.

kba
01-21-2008, 02:38 PM
This takes the conflict-of-interest for the Tribune's sports writers to a new level. Now, they don't just work for the same company that owns the Cubs, they actually each own a share of the Cubs themselves, because the Tribune is now an employee-owned company.

If the ballclub makes a lot of money, Tribune can pay down its debt quicker, and the employees' shares of stock become more valuable. Likewise, anything that drives up the eventual selling-price of the Cubs would make Tribune employees richer.

Anybody think the Tribune will disclose that on its sports pages???

Fenway
01-21-2008, 03:34 PM
They have in the past. They probably would again.


Might? That's like saying water might be wet.

True..but the teams never shared the same landlord. The White Sox would make out like bandits on this.

I also saw in the Trib this morning that the Cubs are screaming about their 2008 schedule where they play 40% of home games in April and May.

I guess that means the White Sox have a good schedule. :tongue:

raven1
01-21-2008, 06:42 PM
If the State of Illinois buys Wrigley they should do whatever it takes to hire Ms. Smith to redo Wrigley. You can also assume the Cubs will play at USCF for a year or 2 while Wrigley is redone. The White Sox "could" veto it but if it means more money coming to them thay will sign off on it. 81 dates for parking and concessions will be a nice windfall for the Southsiders.[/quote]

That would make logical sense, but in the article Zell seemed to go out of his way to reassure Cub fans that the State would be the caretaker of Wrigley as a landmark & wouldn't be making really major changes.

kba
01-21-2008, 06:51 PM
If the State of Illinois buys Wrigley they should do whatever it takes to hire Ms. Smith to redo Wrigley. You can also assume the Cubs will play at USCF for a year or 2 while Wrigley is redone.


I haven't followed the Fenway renovation too carefully. Why would the Cubs have to vacate Wrigley during the rehab when the Red Sox were able to keep playing in Fenway?

turners56
01-21-2008, 07:01 PM
Probably means the Cubs will continue their 100 year streak for yet another year.

tebman
01-21-2008, 07:02 PM
This takes the conflict-of-interest for the Tribune's sports writers to a new level. Now, they don't just work for the same company that owns the Cubs, they actually each own a share of the Cubs themselves, because the Tribune is now an employee-owned company.

If the ballclub makes a lot of money, Tribune can pay down its debt quicker, and the employees' shares of stock become more valuable. Likewise, anything that drives up the eventual selling-price of the Cubs would make Tribune employees richer.

Anybody think the Tribune will disclose that on its sports pages???
Nah.


We've beaten to death the fact of conflict-of-interest at the Tribune. George Knue hasn't been around for a long time to tell us how virtuous his bosses are, and frankly, I don't know how much it matters now at the newspaper. They have such fundamental business problems that the company's ownership of the Cubs is the least of their concerns. The Tribune will probably hold out longer than the Sun-Times, but they're both mastodons sinking into the tar pits. It's just a matter of time unless they have some epiphany of new approaches that will keep newspapers relevant.

It does matter immensely, though, to the radio and TV station, which is why Zell bought the company in the first place. That's where the real money is.

cub killer
02-10-2008, 12:59 AM
This was covered in a front page story this morning in The Trib ( I paid 75 cents for that????? )

http://www.chicagotribune.com/sports/cs-080120cubs,1,7560466.story?ctrack=1&cset=true



John Harrington sold the Red Sox in part because he could not get the state and city to cough up enough money to build a new park and decided to let somebody else deal with it. Lucchino brought in Janet Marie Smith and asked one question "Can this dump be saved?" 6 years later Fenway is 1000% times better than in 2001 and now they have announced they will redo the grandstand seats next year ( eliminate 2 rows and make the seats wider ) They can do this now with the high priced seats on the roof that will be finished in time for 2008 )

If the State of Illinois buys Wrigley they should do whatever it takes to hire Ms. Smith to redo Wrigley. You can also assume the Cubs will play at USCF for a year or 2 while Wrigley is redone. The White Sox "could" veto it but if it means more money coming to them thay will sign off on it. 81 dates for parking and concessions will be a nice windfall for the Southsiders.

No way. No how. Keep that p.o.s. entity out of the South Side.

slavko
02-10-2008, 10:57 AM
This isn't just money in the bank. You still have to pay people, and consider the maintenance costs associated with doubling the amount of games played at a venue. Finally, what do you do with the few overlap dates?

Why don't they play at Soldier's Field?

Day/night the overlaps. Possible irony of ironies, getting to the WS as aliens in a foreign ballpark, walking past "Die Yuppie Scum" banners to get to the games.