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It's Official: Cubs Owned By Ricketts Family

As posted on ChicagoBreakingNews.com earlier this morning:

The Ricketts family are officially the new owners of the Chicago Cubs.

The family closed a transaction Tuesday morning to take control of the team, Wrigley Field and other assets in a deal valued at $845 million.

The family will hold a news conference Friday at the ballpark.

Discuss, etc. Also see kaseyi's FanPost.

0 recs  |  178 comments

Comments

1st ever

Bye bye to Sam Zell.

I know a lot of people didn't like him

but he let Hendry spend a lot of money. The fact that Hendry didn’t spend it wisely isn’t his fault.

The biggest problem to me with Zell (and the Trib) is that somebody needs to start taking a long-term view. For example, what are they going to do with Wrigley?

I assume...

… renovations will commence within a year, maybe two at the latest, and the triangle building construction could start as soon as next spring.

Really?

Are there already plans drawn up for this building? Is there another post that you can link me to for details?

There have been plans in the works for this building...

… for several years. The only link I have is this one which shows some exterior views.

Why has this project been delayed so long?

I remember hearing something about the rising cost of construction supplies — but it seems the longer they wait, the more it’ll cost.

True.

The delay, I believe, is due to the pending sale… they didn’t want to start while the sale was up in the air. Now they can begin.

Could be...

…but only after they get a naming rights deal in place which would help cover some of the nut here.

Or...

… the long-rumored ribbon board.

That won't cut it...

…if you want the stadium revamped, because you are talking at least 400 mil to get that done.

A 20 year naming rights deal could net them 250-300 mil, and would make the possibility of revamping the facility feasible in the short term.

Naming rights

I really hope they do not re name Wrigley Field.

I read MPH's comment as refering to...

… naming rights for the Triangle building… but i could see how you could interpret it that way as well.

I hope not. There would be major outrage… i assume it would have to be “Wrigley Field at Monster Energy Drink Park” or something similar with the park being the larger campus including the field and the triangle building. Any attempt to rename the structure currently in place would result in mutiny.

Meh. If it means they win the World Series, I'll help change the signage

(I know, it’s landmarked . . . just illustrating the point.)

BTW – Go Hawks! Wisconsin really should have won that game, but I’d love to see a Big 10 team win the National Title. Especially one of the “unheralded” ones.

Oh, lord.

Not the “I won’t go if it’s not named Wrigley Field” argument again.

What difference does it make what it’s called? When you’re inside, it’s the same place, the same team, baseball being played. No one will call it that, anyway, except team announcers who are required to do so.

They can sell naming rights for whatever they want. I’m all for it.

Is the media required to do so?

or is it just professional courtesy…

I'd think...

… that at least for the team broadcasters, it would be required.

I was thinking more along the lines of print & non-team tv media
could take the Prince approach

The Field formerly known as Wrigley

I am purist as they come, but even I could care less if they rename it.

Once I found out that the Great American Ball Park was named after an insurance group I became jaded. I had previously thought it was named American as in the pastime- sort of along the lines of hot dogs and apple pie. A couple years ago we went there and I learned it was American alright, but as in advertising-what a blow. So no, I don’t care what we call it as long as it stays put and doesn’t move to the burbs.

Along similar lines, do you know what most people forget?

Advertising used to be all over baseball stadiums – but people got upset when it came back in recent years.

Here are some examples of tradition:
West Side Grounds
Polo Grounds
Fenway Park
Ebbets Field

Yeah

I’d still like to get rid of the Under Armour though.

I don't like it, but

If it represents the difference between Rich Harden in late 2007 vs. Sean Gallagher, I can live with it.

Yawn on the Under Armour ad.

In what way does that hurt your experience of watching baseball at Wrigley? I’m there every day and I have almost forgotten that it’s even there.

I don’t want to see an ad blitz like Miller Park or Chase Field. But a little more advertising, tastefully done (which I think they have done up to now), if it brings in more money for player payroll, BRING IT ON.

I reluctantly agree about the money.

I don’t like it though. I think it’s ugly.

If it wasn’t for the retired number flags, I’d like having an Eat More Foul Pole like Minute Maid-I suppose that belongs in that other thread.

While I agree with you on the UA ad, I have to ask -

Can you even see it from where you sit?

Sorry I missed this yesterday.

There are two of them. I can see the one in right field. But I just don’t care if it’s there.

Oh, no worries

It was an old thread. And even older now.

I don’t care about them either, if they help the team generate more revenue that they use on salary or development. I think the reason that they are unpopular is because they don’t blend in with the wall – the green doors do with the ivy, but not the white ads.

exactly-about the white

Keep in mind that I’m an artist and for me it’s really only a matter of aesthetics. I do agree that the money is sadly more important…in this case.

Fingers crossed

For the Tru-link Building

Not some Bank or Insurance Company

I agree,

Zell could have been worse. We were bound not to like him, he controlled something that is very valuable to all of us, and he really didn’t care much about it.

Just so glad to finally have one voice ultimately calling the shots. I know we have no idea how the Ricketts will be as owners, but I don’t think it could have turned out better for the Cubs in regards to a new owner. Getting an owner with seemingly deep pockets and a love for the Cubs, it should lead to great years ahead.

Zell...

…didn’t keep the Cubs from winning anything. He basically let the club run itself as it saw fit, and ok’d enough money for them to make moves.

The begining of a new era :)

LOL - I was just gonna post this.
IT'S HAPPENING!?!?!?!?!??!
"The sun'll come out tomorrow. You can bet your bottom dollar, that tomorrow..."

Oh wait, I live in Michigan. Forget it…

Don't know why, but this song just popped into my head watching Al's pulsating post...

“You know it’s alright somethin’s happening
Hold tight it might be lightning
Turn up the lights I feel like dancing
Can’t sleep at night my heart keeps missing a beat”…

-Peter Frampton

Great call

Always have been a big Frampton fan. (Did you know he lives in Cincinnati, BTW?)

Is he a Reds fan?
Frampton's Camel!

Very underrated artist…

Paul Sullivan: As Milton-focused as ever.
@PWSullivan: Tribune era is officially over as Ricketts familly takes control of the Cubs. First order of business: Get rid of Milton Bradley.
That really is ridiculous.

Granted, that IS near the top of the list of things to do this offseason. But to make it the focus of a tweet? C’mon, Paul.

I think

 Paul’s loved one’s need to sit down and have an ANGER intervention with him.

if it's near the top of the list ...

why does it matter if it was “the focus of the tweet”? It’s true, isn’t it?

It is true...

…but Sullivan now has a well-established history of taking a far-too-personal and vindictive approach to the Milton Bradley issue. I find it irritating.

I second that emotion

(cue the music)

so the issue is that he's rubbing it in?
My issue is

that he has a myopic obsession with those who have “wronged” him. A beat reporter should not let his personal issues get in the way of the story, and today’s story is the sale of the team. Period.

we're just assuming that Milton wronged him

right?

Thusly, I used quotation marks.

I… whatever. Yeah. We’re assuming.

Tweet away

Paul’s right. Milton Bradley’s contract will affect the direction the Cubs take all winter. Knowing Milton Bradley’s personality, how could he possibly continue to play for the Cubs in 2010.

The Cubs need to add a tool to their player evaluation criteria. Tool 6: Media and public relations. The Cubs attract too much fan and media attention to afford players with poor media skills. See LaTroy Hawkins. See Randy Johnson as a NY Yankee.

As for the tweet – remember, there really is nothing else for Paul to write/tweet about right now. So Milton is the easy target today.

I have nothing to Tweet about either

but I’m not “running my mouth” on it about people I don’t like.

Precisely.

And Sullivan is supposed to be a “professional.”

Can't he tweet

About the delicious breakfast burrito that he had this morning?

Yummmm....

… burrito.

Unbelievable

[Name redacted] must’ve impregnated Sullivan’s wife and stolen all their money. I hate to admit it, but I’d like to hear the entire story behind the hatred.

We can hold out hope that this appears on "The Smack"

or whatever they’re calling Page 2 of the sports section these days.

It's a rather lame page.

Although, they did do a funny thing on Mark McGwire today which unfortunately, is not online. You have to buy the paper for that.

I don't think I'll be buying one anytime soon.

Maybe next time I’m in Chicago. Though I’ll hold out hope for Paul’s tell-all book in which he finally reveals the source of his disgust for [Name Redacted].

Milton

was mean and hurt Paul’s feelings. He also borrowed all of Sullivan’s action figures without asking and then broke them on purpose.

That bastard!

Gobots or Transformers?

Milton took the action figures out of the plastic cases!?!

The horror!

I don't think he's married.

I think he’s just a bitter short man.

If that really is the first order of business

we are off to a really bad start. Alternatively, if that is just a reporter suggesting what he thinks needs to happen, then… get over yourselves already.

well... for this off season

Bradley likely is the first order of business. Not saying that nothing else happens if Bradley sticks around for a few weeks or months, but so much hinges on Bradley, especially considering the financial constraints the Cubs are in right now.

Milton Bradley is Hendry's ongoing business.

Ricketts should have other foci.

Rec'd - if only for your use of the word "foci."
shouldn't that be "phoci"?

just a little interthread humor there…

have you been cruising the interthreads again?
no, but Mr. Pacino might have been...

Cruising, 1980 film by William Friedkin, starring Al Pacino. Very controversial movie at the time, now has evolved to be somewhat of a cult classic. Not for the faint of heart. Not as disturbing as 8mm, but close.

I, for one, welcome our new Ricketts overlords.

As for Mr. Zell, don’t let the door hit ya where the Lord split ya.

Now let’s get on to developing this whole “organizational philosophy” thing I keep hearing so much about.

When? Right now? Today?
Let's call everyone in for bunting practice - stat!
...and while you're at it, "DROP AND GIVE ME 20, (push-ups) MAGGOTS!"

And no, I don’t want 20 maggots.

Sure...why not?

You’ve got to show them who’s boss after all!

Nice Kent Brockman reference!
I'm all about Simpsons references.
"This is the dawning of the Age of the Ricketts/The Age of the Ricketts..."

Sorry, only one cup of coffee into the day.

Hopefully this marks the start of a brand new era of Cubs baseball. So far, I’ve liked everything that I’ve heard.

That one is so bad, it's good.
Mr. Ricketts,

We’ll be good to you. But please be good to us.

Do they

Clean house?

These financial guys are always very “profit” first when it comes to running a sports franchise. I wonder how spendthrifty the Ricketts will actually be.

Excellent question.

I don’t have the numbers in front of me to back me up, but I believe when new owners take over a sporting franchise, they spend the first year or two to gain the public’s trust. If anybody has numbers and time, I’d appreciate it immensely.

I know Mark Cuban did that with the Mavericks...

… even though that franchise was in a lot more trouble when he took over than the Cubs are now.

I’d expect status quo for the first year, at least.

Anything less than status quo

would be a terrible disappointment. But there are so many things which need doing, that I would think that they will need time (one or two years) before real changes occur and results seen. As good as the new owners may be, they are only human.

A wee bit of paitence is still required…

first thing Arte Moreno (Angels owner) did was lower beer prices...

well, maybe not the first thing, but it was pretty much the first visible action step he took. And it certainly got the fans’ attention – and gratitude…

There is no reason for this not to be announced Friday

It might sound stupid, but it works

better beer

I know that I am a micro-brew sipping yuppie (or whatever a yuppie becomes when the young part no longer applies), but I would rather have better beer than lower beer prices.

Bring Goose Island into Wrigley! Line up the Leinenkugel! Git ’er done!

How about

better beer for cheaper prices?

Win-Win, right?

If they played in Munich, this would be a non-issue
Yes, cheaper beer for the masses

and foo-foo micro brew for the fancy boy yuppies and yuppie wantabes!!

Sounds fine to me.

$1 Old Style, and $15 for the Buffy McFancypants IPA.

ALASKAN AMBER!
With Bud's WS media blackout on any team related announcements, it won't happen then.

I’m surprised Bud let Ricketts hold a press conference on the off day…

That's probably the reason the NC is on Friday...

… instead of today or tomorrow.

Dollar beer night..

nuff said!

My fantasy teams

always have “NRA Nickel Beer Night.” Everyone bringing a handgun to the game gets beer for a nickel. All the umpire calls go our way those nights.

Don't forget the "real" nickel beer night in 1974

when drunk Kansas City Royal fans poured out on the field chasing the visiting Tigers into their dugout while Royals players and personal held them back. The Royals had to forfeit the game.

I thought that was in Cleveland-the Indians and Rangers.

Same year, different price

It was Ten Cent Beer Night in Cleveland on June 4, 1974. Not one of our better moments…

Don't forget Disco Demolition Night at old Comiskey

http://en.wikipedia.org/wiki/Disco_Demolition_Night

I've seen it referred to as both nickel and 10 cent beer night

and never was quite sure which it was. I have a friend who lived in Cleveland at the time. According to his story it was nickel beer night and not only was there a beer promotion, but a souvenir bat promotion going on the same night as well. If that’s the case that would have to be the worst marketing stunt I ever heard of. Let’s price our beer crazy low and then arm everyone with billy clubs. Except for reading how bad the place was torn apart I haven’t been able to find anything to back up the souvenir bat part of his tale. He was pretty young at the time so I have my doubts that he’s remembering that part of the story accurately.

It was 10 cent beer night.

Here are more details.

thanks

After hearing this friend’s story I did some checking and found so many varying versions of it that it seemed to have become more of a myth. I couldn’t tell which was true. This at least comes from a reputable source. And unfortunately it’s even wilder than the one he came up with.

please no

The last thing the Cubs need is cheaper beer in the bleachers.

Cheaper ticket prices, though, would be a nice gesture.
Better streams from Wrigley would be nice

for us long distance fans

Well, one thing's for sure...

…if he lowers beer prices there will be MORE streams at Wrigley.

Tip your waitresses!

In HiDef please
It was the first thing Moreno did

He did it at the press conference announcing his ownership. He said he was going to lower beer prices, turned to the club president and asked “Can I do that?” The reply was “You can do anything you want.” So beer prices were lowered the next day.

I remember, because while I didn’t have tickets for the next day’s game, I did have tickets for a game that weekend.
 
I don’t know if it would go over as well in Chicago though. A lot of people around here complain about the drunkenness at Wrigley.

Lowered TICKET prices...

… or at least an announcement that they’re not being increased… would be a welcome announcement.

I don’t think lower beer prices at Wrigley would be a good idea, given, as Josh says, the drunkenness problems.

I don't see that as an issue

I like beer. However, whether or not I get drunk has absolutely nothing to do with a beer costing $5.00 vs. $5.50.

A brillant stroke of marketing...

….that got nationwide press and certainly sold a ton of tickets

Welcome to the new era
hallelujah!

in ricketts I trust
may they lead us to the promised land

I'll be interested to see what kind of owner Ricketts is

Hopefully he isn’t too involved in the personnel decisions like Jerry Jones.

Does this mean that the Great Pumpkin will finally come this year?
only to devour us all!!
Its about fu<k!n time
Break out the milk and celebrate!

I’m sitting in dusky street side cafe in Munich and feeling very pleased. The ownership issue caused more problems 2009 than we will ever know, IMHO.

Why do you say that?

Just because Zell wouldn’t let Hendry get a do-over with all the money he wasted and buy a whole new team at mid-season? I don’t see anything specific in the 2009 failure to blame on Zell. It was a poorly constructed team that under performed and had an injury to the one person they couldn’t afford in Ramirez.

I'm not blaming a single person at all

I just feel that uncertainity breeds uncertainity. Not a good atmosphere for creative and/or quality perfomance.

I'm blaming a single person

If Hendry doesn’t give Miles $4.9 M, Gathright $800k, piss away $2 M on Gaudin, there’s enough right there for a pretty decent acquisition.

True.

Hopefully, he will be able to move some of the bad contracts.

Why does Selig feel like he needs to control everything?

After all this waiting for the the final approval, and speculating about what vision Ricketts may paint, I find the MLB request typically silly, narrow minded, and not in the best interest.

Ricketts quote from SunTimes site,

“at the league’s request, we will wait to introduce ourselves to the media and fans until this Friday, a travel day in the series between the Phillies and the Yankees.”
...and THERE 'ya go. I'm surprised Bud even let him do THAT...
I know people hate Scott Boras

but its things like this that make me thankful he pulled his little A-Rod stunt on the last day of the World Series a few years back.

It's a standing rule

No major announcements during the World Series. I think it’s a silly rule, but he is consistent about it. Doesn’t want anything to distract the media from the games.

Well, the umpires are doing a good job of that this year.
You mean when there are actual games and not off days :-)
Games? Wasdhat?
I posted this under what Ricketts should do first a few weeks ago

and this is what I want to hear at the press conference:
Frame the future.

Tell cubs fans what the Cubs are going to look like, play like and win like. Tell us the future of Wrigley Field. Tell us how you’re going to accomplish this. Tell us your expectations and what is going to happen if they are not met. Tell us about the next 20 years, not next year. Build us an empire. Show us the framework for success.

I'm of the opinion

that Hendry should go out the door with Zell, and give back some of his salary.

Hearing him on Bruce Levine’s show last Saturday confirmed it even more when all he owned up to was, “It didn’t work out…” YEAH! No kidding, Jimbo – you imbecile! The moves you made to the 97-win team just made us scratch our collective heads.

Welcome Mr. Ricketts and Family.

May you wear the team on your sleeves like all of us!

Hendry ain't goin' nowhere

Neither are Piniella and Kenney.

Hendry's double talk...

…does get very annoying, but he isn’t going anywhere in 2010. With that said, he will clearly be heavily scutinized, and may have someone looking over his shoulder in the near future as well.

Eh, I rarely care about quotes from guys like Hendry

He’s a professional, so he speaks that way. I wouldn’t expect him to say anything more than “it didn’t work out”. It’s not like he’s gonna sit there and crap on his acquisitions who are still under contract. A bit more personal responsibility in some of his quotes would be nice, but I’m not sweating over it. I’ll just judge the guy on the moves he makes.

Agreed...

I know. I understand this. But somehow – it reminds me of rewarding someone who is not deserving.

The days of giving Hendry carte blanche to mis-spend hopefully are over at least.

It is my opinion that wysiwyg on the Cubs for 2010. No impactful FA’s. Aaron Miles, pt. II. No NL “Ace” on the team. Not too terribly optimistic.

As always, “we’ll see…”.

Egg-cellent...

My plan to move the Cubs (and Wrigley Field) to Portland has officially begun.

It will be mine. Oh yes, it will be mine…

You'll have to have a pretty big truck to move the ballpark.
Well, I always see houses being moved on the freeway.

So I figure they can move Wrigley too. Maybe use a triple-trailer. :-p

Munich does not approve

We have better beer

but otoh Wrigley (east) might be a bit lonely with a crowd of one

Well, not just better

but CHEAP!

The only thing is – most Europeans could care less about baseball.

Apparently, they might be willing to learn

Scroll down for a sidebar group of links to U.S. sport primers.

Of course, that’s only 1 country . . . and I suspect football is more popular.

You might want to look at this too

http://misterbaseball.com/

Sri link is bad - memory fail

http://www.mister-baseball.com/

this is what I wanted to post.
 
 
 

Silly URLs if you ask me.

Thanks for posting that

I didn’t realize there were so many European leagues.

I was in RF for our club's lowest level team in

Dormagen. I spent a lot of time teaching kids from broken families the basics. This was about 15 years ago.

Sad to say that the Dormagen Typhoons are now defunct.

too many rainouts?
People like mysef moved away
There is more interest than most people think

http://www.baseballeurope.com/

Still I must admitt that in Germany Baseball is a “Randsportart”

So popular in Europe

that it is not an Olympic sport anymore.

C’mon- – who are you kidding! lol

Its “futbol”, then hoops in some countries, cricket – baseball probably logs in with table tennis – not even “actual” tennis.

Fußball
Thought you'd enjoy this:

“Real Madrid down 0-3 at the half against third-division Alcorcón on Cup match.”

Dortmund lost 3:2 against Osnabrück (3rd div.)
iPhone fail...

Watching reports of today’s DFB cup games right now

Fußball is the major big time sport here.

No argument from me about simple facts.

MLB IMHO is disinterested in international Baseball. With more support, it could of had a chance. Now we are stuck with Olympic Golf…

On this point, I must protest. (In part because I'm bored and also for my great state's honor :))

(Forgive me if I’ve made these points before on here, but it should provide some nice timewasting for any lovers of beer…)

Having lived a year 2 hours from Munich (in Salzburg), I will say that I enjoyed Bavarian and other European beers a great deal.

But Portland is the world’s finest city of and for beer. As evidence, I submit the following:

  • Portland has more breweries than any other city in the world. (30 breweries in a city of about 2 million+/-!)
  • The Portland metro area has more breweries than any other metro area in the US. (41 breweries)
  • Portland is the largest craft beer market in the US (even though it’s only the 23rd largest metro area in the country!)
  • Oregon itself has 76 breweries, with over 100 brewing facilities (consider as well that the population of Oregon is only a little over 3.79 million). It accounts for a 2.25 billion dollar industry here.

But beyond merely having an insane number of beers offered, Portland/Oregon beers also consistenly win international beer competitions. (This year we won 24 medals at the Great American Beer Fest, including 8 gold medals) And we regularly win at International Beer festivals as well (see here).

Here’s a helpful primer of facts about Oregon beer.

See here for a 2006 NY Times Travel article about Portland Beer. And the official Oregon Craft Brewers Association is here.

And the BEST part about Oregon beer? You typically pay about $3 for an imperial pint. God bless us everyone!:)

OK - Show your Oregon

pride, then!

I cannot dring ber anymore with Celiac Disease (much to my horror), but I also like Oregon Wilamette Valley Pinots, when I feel like splurging.

Yeah...

I didn’t even get to talk about the outstanding Oregon wines. :)

I am, it appears clear to me, a bit of an “ultra-nationalist” (if I can tweak the term) about Oregon. But a friendly one! :) Which is why it kills me that I’ll be moving to Washington DC for good in a short while…ugh…

Salzburg is not a beer town..

Köln (Colonge) has c. 80 Kölsch breweries with a population of c. 1000000.

But I have had good beer in the US eg. at the SLC winter games, we found a microbrewery, which we (Bavarian Television) occuppied for 6 weeks. Saved us a ton on hotel costs… :-)

Yeah, Salzburg wasn't a huge beer town it's true.

The Augustiner Brewerei is excellent, and I have a fondness in my heart for Stiegl Bier, but more for the associated memories than the quality of the beer.

I do enjoy Koelnerbeirs as well. I was fortunate in that I traveled a hell of a lot while I was over there, so I got to sample beers everywhere. (I used Muenchen more as a transit point, with only a few limited excursions to see Bayern play, or to check out the nightlife. For some reason, I decided to skip Oktoberfest there back in ’01. On the bright side, I went to a winefest in Bacherach that week instead. But I still kind of kick myself for not going to the crazy Bavarian beer mecca. :))

Oktoberfest has grown too large imho
Lets go cubbies

Ricketts family lets win and bring a championship to Chicago!

Great news

 Lets hope this is the beginning of many memorable Octobers/Novembers.
 I am anxious for the World Series to end to see what moves are made to improve this club. Phillies sweep in four then let the moves begin.

Ahhhh, I just

love that new owner smell. It’s so refreshing. ;-)

Yeah, but eventually they start pulling to one side and begin to knock...

…and the next thing you know, they are in the shop for days at a time…

:-(

Same note to you that I posted to AJS

Go Hawks. Would have preferred to see UW win, but now I hope Iowa runs the table.

Hopefully the Ricketts family is committed to building this team up the right way

It starts with construction of a solid front office and strategic commitment to player scouting, selection and development.

The answer is NOT to continue with this extreme addiction to free agency as the cure-all. It doesn’t work. It must start with a solid player development system ala what is the fundamental underpinning of success with the Yankees, Red Sox, Angels, Phillies, Dodgers, White Sox and Twins.

That's right...

…that is if you to build a perrenial winner vs one that wins occasionally.

amen

i hope they do better than the wrigleys.

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