Friday, November 17, 2006

Investors Look at Cubs

It has been rumored for some time now that the Chicago Cubs would be put up for sale by the pathetic Chicago Tribune which bought the Cubs in 1981 for $20.5 million (including Wrigley Field). The Tribune has been a disaster as a sports franchise owner. Just like the shifty rag they publish on a daily basis the Cubs have been beset by management incompetence and and incestuous relationships behind the scene. The Cubs also have had a knack for making some pretty lousy moves, like the time that they let Grg Maddux go to Atlanta over a few hundred-thousand dollars; he had already won his first Cy Young Award. This Sun Times article is about an investment group that hopes to buy the Cubs for up to $600 million. My initial reaction to this news is "oh great, a "hedge fund" may now own the Cubs."


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