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Thread: Ricketts fully own cubs

  1. #1
    All-Star chibears55's Avatar
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    Default Ricketts fully own cubs

    https://m.facebook.com/story.php?sto...d=295975523901

    They were talking on radio today that this could be a reason why they cash strapped themselves with the payroll

    They were planning on buying out the 5% the Tribune still owned

  2. #2
    All-Star CSF77's Avatar
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    Most likely unrelated.

  3. #3
    All-Star anotheridiot's Avatar
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    Quote Originally Posted by chibears55 View Post
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    https://m.facebook.com/story.php?sto...d=295975523901

    They were talking on radio today that this could be a reason why they cash strapped themselves with the payroll

    They were planning on buying out the 5% the Tribune still owned
    I agree. Turns out the 5% of 2.3 billion is 115 million. Doubt they got a discount for making the team more valuable with the renovations.
    109 years since the last back to back world titles

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    All-Star DanTown's Avatar
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    The issue isnít the 5% the Tribune owns but the 10% that they sold for cash to finance the renovations.

  5. #5
    All-Star anotheridiot's Avatar
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    Quote Originally Posted by DanTown View Post
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    The issue isn’t the 5% the Tribune owns but the 10% that they sold for cash to finance the renovations.
    What do you mean? They own 100% now. Maybe the tribune gets a sign.
    109 years since the last back to back world titles

  6. #6
    All-Star anotheridiot's Avatar
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    Pretty amazing how the Tribune got out of this right before the Joe stuff came out. On wall street this might be called insider trading.
    109 years since the last back to back world titles

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