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Cubs Selling Minority Shares

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Bucky Chris

Post subject: Cubs Selling Minority Shares

Posted: Tue Oct 28, 2014 9:23 am

Joined: Wed Jun 04, 2008 9:29 am
Posts: 8116
Location: South Elgin
pizza_Place: Ian's Pizza

http://www.sportsbusinessdaily.com/Jour ... tions.aspx

Quote:

The Cubs’ value, calculated for the team’s current sale of around 20 percent of the club, is in excess of $2 billion, sources said, with that process expected to finish soon. Galatioto Sports Partners is managing the sale. GSP representatives declined to comment.

I imagine this will help him buy the rooftops.

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Kirkwood

Post subject: Re: Cubs Selling Minority Shares

Posted: Tue Oct 28, 2014 9:25 am

Joined: Wed Jun 06, 2012 7:43 pm
Posts: 20537
pizza_Place: Joes Pizza

Surprised they're not letting Crane handle this. Tommy appears to trust him with anything and he's done such a great job with everything else.

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Bucky Chris

Post subject: Re: Cubs Selling Minority Shares

Posted: Tue Oct 28, 2014 9:43 am

Joined: Wed Jun 04, 2008 9:29 am
Posts: 8116
Location: South Elgin
pizza_Place: Ian's Pizza

Someone on Twitter just pointed out this 20% is going to cover almost half of the price they paid for the team. Decent investment.

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Rod

Post subject: Re: Cubs Selling Minority Shares

Posted: Tue Oct 28, 2014 9:45 am

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Joined: Sun Apr 04, 2010 10:00 am
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Bucky Chris wrote:

Someone on Twitter just pointed out this 20% is going to cover almost half of the price they paid for the team. Decent investment.

Today is a great day! I'm gonna hit Gibson's for lunch and drop a couple hundo celebrating this great deal for the Ricketts family.

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Peoria Matt

Post subject: Re: Cubs Selling Minority Shares

Posted: Tue Oct 28, 2014 9:52 am

Joined: Sat Apr 30, 2005 4:54 am
Posts: 22704
pizza_Place: A few...

Joe Orr Road Rod wrote:

Bucky Chris wrote:

Someone on Twitter just pointed out this 20% is going to cover almost half of the price they paid for the team. Decent investment.

Today is a great day! I'm gonna hit Gibson's for lunch and drop a couple hundo celebrating this great deal for the Ricketts family.

Doesn't compare to the Reinsdorf stadium deal.

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Brick

Post subject: Re: Cubs Selling Minority Shares

Posted: Tue Oct 28, 2014 9:53 am

Joined: Wed Jun 21, 2006 6:57 pm
Posts: 91931
Location: To the left of my post

This is why the "The Ricketts are poor" thing was always so dumb. They leveraged extended losing, loans, and accounting tricks to make huge amounts of money for themselves.

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pittmike

Post subject: Re: Cubs Selling Minority Shares

Posted: Tue Oct 28, 2014 10:12 am

Joined: Mon May 02, 2011 4:29 pm
Posts: 40614
Location: Everywhere
pizza_Place: giordanos

Boilermaker Rick wrote:

This is why the "The Ricketts are poor" thing was always so dumb. They leveraged extended losing, loans, and accounting tricks to make huge amounts of money for themselves.

Are you an accountant pal? :lol:

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Brick

Post subject: Re: Cubs Selling Minority Shares

Posted: Tue Oct 28, 2014 10:13 am

Joined: Wed Jun 21, 2006 6:57 pm
Posts: 91931
Location: To the left of my post

pittmike wrote:

Boilermaker Rick wrote:

This is why the "The Ricketts are poor" thing was always so dumb. They leveraged extended losing, loans, and accounting tricks to make huge amounts of money for themselves.

Are you an accountant pal? :lol:

No, just smarter than most of them.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

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Kirkwood

Post subject: Re: Cubs Selling Minority Shares

Posted: Tue Oct 28, 2014 10:19 am

Joined: Wed Jun 06, 2012 7:43 pm
Posts: 20537
pizza_Place: Joes Pizza

Boilermaker Rick wrote:

This is why the "The Ricketts are poor" thing was always so dumb. They leveraged extended losing, loans, and accounting tricks to make huge amounts of money for themselves.