07-17-2009, 11:26 AM
http://sports.yahoo.com/top/news;_ylt=Ao6n...o&type=lgns
Interesting article...
I'd love to know what the Ricketts (is it settled yet that they will get it?) plan is for Wrigley. I can't see smart businesspeople buying the Cubs for somewhere just shy of a billion dollars (part cash/part debt) without a plan on what to do with a very large part of that asset.
I know there was a plan to do a ton of work on the lot just west...possibly even expanding and buying McDs, Carwash, etc... But I wonder how the economy is impacting this. After taking on major debt to buy the club, how much more cash do they want to put into this, and how much will creditors/investors bankroll at reasonable rates?
Interesting article...
I'd love to know what the Ricketts (is it settled yet that they will get it?) plan is for Wrigley. I can't see smart businesspeople buying the Cubs for somewhere just shy of a billion dollars (part cash/part debt) without a plan on what to do with a very large part of that asset.
I know there was a plan to do a ton of work on the lot just west...possibly even expanding and buying McDs, Carwash, etc... But I wonder how the economy is impacting this. After taking on major debt to buy the club, how much more cash do they want to put into this, and how much will creditors/investors bankroll at reasonable rates?