The roof should ferocious bidding Cubs
Chicago Cubs Pitcher Carlos Zambrano wanted to reach several Gives a day before the opening. It is still not a contract, and could wait much longer, when he now expected that the team is for sale.
Zambrano, said was nearly $ 80 million of the USA, a Cy Young from a candidate a year ago to a 5-4 Pitcher, there are more than five per game is underway. His struggles raise the question of whether it is worried about his treatment is placed on ice, the sales team.
“It’s just mechanics,” Zambrano said. “It has nothing to do with the treaty.”
The fact it one of the few human beings, not to ask what will happen if one of the legends franchise in sports is sold.
Tribune Co., which acquired the team in April announced that the sale itself for $ 8.2 billion to Chicago real estate Mogulanlagen Saturday Zell, where Deal conditional redundancies in the non-nuclear assets. This means that the Cubs on the auction block at the end of the season - a decision Tribune-Chairman and CEO Dennis Fitzsimons acknowledged was difficult, but that “really make sense for our shareholders.”
One, that buyers into the deep pocketed it is expected that the Cubs of life and perhaps to Wrigley Field, the beloved homeland of the eternal losers. University of Oregon Business Professor Dennis Howard, who has written books on the business of sport, said he thinks that this is beginning to offer $ 600 million.
“If two parties viable competitors, it is the price of driving right through the roof,” he said.
Forbes Magazine recently estimated the Cubs for $ 592 million - more than five in baseball behind the Yankees ($ 1.2 billion), the New York Mets ($ 736 million), Boston Red Sox ($ 724 million) and Los Angeles Dodgers ($ 632 million).
Some of those potential bidders for the Cubs are part of Dallas Mavericks owner Mark Cuban and Chicago native Jerry Colangelo, the CEO of the Phoenix Suns, after expiration of the Arizona Diamondbacks.
“It depends on what is offered for sale. There is nothing to speculate on it until it is sold,” said Cuban this year. “This is not because the outside is not yet”.
The price for a new owner will also be some major players salaries, including an eight-year, $ 136 million for Alfonso Soriano Deal, this is the fifth largest in the history of baseball and very backloaded. Soriano, it is provided around $ 18 million in each of the last five years, that the transaction takes place in 2014.
Zambrano, signed one-year, $ 12.4 million in spring training, can be a free agent after the season. He said he prefers to stay with the Cubs.
Sport-Andrew Zimbalist, an economist at Smith College Zambrano said before signing the sale could actually increase the value of the Cubs.
“If she sign a long-term deal and people think it is staying healthy and it is a good treaty for the Cubs, then it will not affect the team,” he said.
The Red Sox spent $ 103 million for Daisuke Matsuzaka - $ 51.11 million for the rights to negotiate, then $ 52 million over six years, Zimbalist said, an example of how a player with a large market can increase a team of long-term value.
“If he remains healthy, it is more likely that it is worthwhile,” said Zimbalist. “For him to sign the low value of the Red Sox? Probably not. The same thing with Zambrano.
What is the sale of the team’s ability to monitor the availability of agents and obtaining debt after this season is unclear. According to the Tribune announced the sale was Cubs management said it was confident the team can follow a player in the period July-commerce.
“As regards the rest of the season, I assured the rostrum, the ball is going Club, and if we are in the race, we can do certain things, if we owe,” said the general manager Jim Hendry, the architect an offseason The revision, which committed $ 300 million on wages present and future.
Whether Wrigley Field must be sold with the Cubs or separately is unknown. The neighbourhood park, with its walls covered with ivy is also part of Cubs tradition as each player in team history.
Donald Levin, the owner of the successful Chicago Wolves Minor League Hockey Team, there is a hook issues around the ballpark.
“Do you field, you must, in case they renovate? Where are you going to play? What’s happening with all income?” Levin said, is scheduled to submit a bid for the Cubs. “These are more important than the assessment of issues of contracts.”
Howard, the Oregon Business professor, said an owner wants a general rule, control of the city, where their team plays.
“If you pay this kind of money you want, you can at the request of all income and flows east-tracker break it,” he said.
Howard said in a 2004 federal law gives the owner of Pro-Sport, a team of major tax advantages and makes it more interesting teams.
“Someone like Mark Cuban are not included in it for tax benefits,” he said. “But the tax benefits are real and important. … Now, for the whole Enchilada and write it.”
New Cubs Manager Lou Ella Pini has enough to ponder, with a team, which for most of the .500 season.
“It’s not my job,” said Ella Pini. “My business for operating a baseball team and help this team win baseball games. Apart from it, no matter what happen has happened.”
The Red Sox franchise, whose Fenway Park is the only stadium in the major American studios older than Wrigley Field, was sold in 2002. In the third season under new owner, she won her first World Series in nearly a century.
Cubs fans can only hope that a sale involves the same kind of happiness. You do not win the championship since 1908.
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