Big money Cubs fans
Tom Ricketts, who is trying to buy the Cubs, has reportedly talked to actor and longtime Cubs fan Bill Murray about investing in the team. Ricketts apparently also has contacted actors Jim Belushi and John Cusack about investing as well, according to a story in the Chicago Tribune on Tuesday.
Three banks have agreed to lend the Ricketts family $450 million to help finance its purchase of the Cubs, Wrigley Field and 25 percent share in Comcast SportsNet Chicago. The family also has raised money by selling some of its shares in TD Ameritrade. One of the holdups in finalizing the deal, however, is determining the value of the existing television and radio contracts to broadcast Cubs games, according to the Tribune’s story source. Industry observers have questioned whether the Cubs have received market value for the broadcast rights because the team and the TV and radio stations are owned by the same company.
– Carrie Muskat
mlblogsmuskat1
Funny you should mention TV…
I think we discussed this in your last post. Witht he team owning so much of everything, they can dictate just how the television schedule is handed down. Something tells me that it won’t be too long and there will no longer be ANY games on WGN. That would be sad.
It would be the end of an era for many if WGN was froze out. I make regular visits to Chicago from my home in South Dakota for the sole purpose of seeing a Cub game. I and many others would lose touch with our favorite team if that happened. Perhaps the same marketing genius that cut the WGN feeds to the current sad state should reconsider.
It will be a sad day in baseball if WGN should loose their contract. I listen to the game on WGN Radio and I love Pat and Ron. How can I, without buying cable, listen to the CUBS?
It will be a sad day in baseball if WGN looses it’s contract with the Cubs! I keep in touch with the Cubs through WGN Radio. I love listening to Pat and Ron. How will I be able to follow the Cubs without WGN, unless I get cable? Not going to happen!!