> Obama Regime Report < Obama Regime Report: Cubs Chairman ready for sale of team to be over

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Tuesday, July 7, 2009

Cubs Chairman ready for sale of team to be over

The Cubs are finally being sold, and are going back to their roots by leaving the corporate umbrella's of Sam Zell who purchased the Tribune Company who bought it from the original owners, the Wrigley family and essentially haven't done a thing with the team during their ownership other than count and bank the profits year after year.

Now it's falling into the hands of another family, sort of.

It's a $900 million deal which includes Wrigley Field and other assets to the family of TD Ameritrade founder Joe Ricketts, a person close to the negotiations said Monday.

Corporate ownership of the Cubs didn't bring one single World Series appearance so hopefully this guy Joe Ricketts and his family will bring some competitiveness back to the team and end the century long drought for the Cubs and their starving yet loyal fans who nearly guarantee profit from a team that perennially sucks for the most part.

Imagine if they ever became a year after year powerhouse the income they would generate.

Not much has changed from the early days of the franchise when they built this place called Wrigley field..and that has included on the field as well...

Except for the lights seen in the current picture used by the team in this shot the stadium is the very same Wrigley it was 42 years ago when I first went there

And is still the same as the one they built almost a hundred years ago in 1914 for $250,000 by architect Zachary Taylor Davis and brief owner Charlie Weeghman in 1914.

Time for a change as much as we all love and adore Wrigley field the ghosts here and the day baseball keep the team from being fully competitive year after year, along with a refusal to import the highest priced talent, which sadly one must do in this day and age to get to the World Series and caused me to stop following the game from day to day as I used to.

chicagotribune.com: "Cubs Chairman Crane Kenney says he hopes the long-awaited sale of the team to the Ricketts family will be finalized soon so that he and other club employees can focus solely on the business of baseball.

'We're just hopeful that the Tribune and the Ricketts family can finish the transaction and we can move on with the next phase of our lives as we build on a new ownership group and hopefully win some baseball games,' said Kenney before Monday night's game against the Atlanta Braves.

Any deal would require approval from at least 75 percent of major league owners. The deal also must pass muster in bankruptcy court since Tribune Co. filed for Chapter 11 protection in December.

Baseball Commissioner Bud Selig has said he foresees little trouble in getting the deal approved by owners once both parties sign off on terms. The sale of the Cubs to the Rickettses has been more than five months in the making. Tribune Co., owner of the Chicago Tribune, put the team up for sale in 2007." continued here


The urge to save humanity is always a false front for the urge to rule it. H. L. Mencken

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