12-29-2020, 06:20 PM
The Ricketts are involved in finance (Ameritrade), real estate (Wrigleyville developments), politics (Gov of Nebraska. RNC Finance Chair, etc), gambling (new venture SPAC called Marquee Raine), and media (Marquee/Sinclair).
Cubs are integral to the real estate, media and perhaps gambling ventures and influential to other ventures but Ricketts other ventures are still most likely driving the decisions.
Yeah, the Cubs are the highest profile venture - and only piece of the puzzle that most Cub fans are interested - but without understanding how all the entities are connected/funded/managed, it's difficult to forecast what the impact on Cubs financing. Yes, Ricketts sunk a ton a cash into Wrigley neighborhood real estate but no clue what covenants are ruling that venture and if they are connected to Cubs funding. Hell, who would have ventured that a year into their media venture launch, Cubs would significantly decrease payroll making media venture less valuable?
Haven't seen it yet but awaiting Trumpers come out and say that Cubs decreased payroll (traded Yu and let Schwarber walk) due to Biden winning election. Of course, that would assume that Trumpers would admit that Biden won the election. Oh what fun times we live in!
Cubs are integral to the real estate, media and perhaps gambling ventures and influential to other ventures but Ricketts other ventures are still most likely driving the decisions.
Yeah, the Cubs are the highest profile venture - and only piece of the puzzle that most Cub fans are interested - but without understanding how all the entities are connected/funded/managed, it's difficult to forecast what the impact on Cubs financing. Yes, Ricketts sunk a ton a cash into Wrigley neighborhood real estate but no clue what covenants are ruling that venture and if they are connected to Cubs funding. Hell, who would have ventured that a year into their media venture launch, Cubs would significantly decrease payroll making media venture less valuable?
Haven't seen it yet but awaiting Trumpers come out and say that Cubs decreased payroll (traded Yu and let Schwarber walk) due to Biden winning election. Of course, that would assume that Trumpers would admit that Biden won the election. Oh what fun times we live in!