Report: Banks wants to buy the Cubs

[Fro]

yep, most significant thing taken from this is that the likelihood of the cubs being sold could be quite high.

 

would love to see cuban come in and spend $140 million next year.

 

I think I'd much rather see Cuban come in and install a different organizational philosophy than spend more money. The money was more than enough to get the job done but the team was constructed with faulty premises.

 

Yep, I'd rather see him spend the money on bribing the A's and Braves scouts/minor league coaches to come over.

[SoonerCubFan]

yep, most significant thing taken from this is that the likelihood of the cubs being sold could be quite high.

 

would love to see cuban come in and spend $140 million next year.

 

I think I'd much rather see Cuban come in and install a different organizational philosophy than spend more money. The money was more than enough to get the job done but the team was constructed with faulty premises.

 

I agree with the latter as it's proven over the decades to be the only true way to long-term winning, although having a somewhat unfettered budget to contend year to year in the meantime would also be appreciated. However, just setting some arbitrary dollar amount to spend to in advance is what fenced in Hendry, no matter the amount. That what causes getting a bunch of mid-income "once were" or role player types to fill out the roster and never willing to chase the real talent. The philosophy should always be to get the guys that make sense from a baseball perspective and let the amount spent fall where it may.

[Sammy Sofa]

Every time the Cubs lose, they'll cut to a hilarious camera shot of Jazz being hurled out of the front entrance of Wrigley. Works for me!

[Backtobanks]

Anyone who thinks Ernie would be more than a PR figurehead for the group is fooling themselves. Ernie has had some financial problems over the years and isn't very likely to be able to contribute much financially. By the way, for all of those owners who claim they are "losing" money, the Tribune bought the Cubs for 21 million in 1981 and now they're worth over 500 million.

[Sammy Sofa]

Anyone who thinks Ernie would be more than a PR figurehead for the group is fooling themselves. Ernie has had some financial problems over the years and isn't very likely to be able to contribute much financially. By the way, for all of those owners who claim they are "losing" money, the Tribune bought the Cubs for 21 million in 1981 and now they're worth over 500 million.

 

In other news, water is wet and we need air to live!

[texascub]

Report: Seth wants to buy the Cubs.

 

I'll put up $500 to come in as a minority partner!

[RynoRules]

Cuban as an owner > Ernie as an owner

 

JMO.

 

Agreed.

[RonnieWooWooSanto]

Anyone who thinks Ernie would be more than a PR figurehead for the group is fooling themselves. Ernie has had some financial problems over the years and isn't very likely to be able to contribute much financially. By the way, for all of those owners who claim they are "losing" money, the Tribune bought the Cubs for 21 million in 1981 and now they're worth over 500 million.

 

I was watching "Chicago Tonight" a while back(last summer, I think) when Bob Sirott was still hosting and he had a chat with the managing editor(I think was his title) of Crane's Chicago Business who was a frequent guest on the show.

 

Anyways they were talking about the speculation of the Tribune selling the Cubs. And this guest went on to say that the selling of the Cubs is far from unfathomable. Bob Sirott questioned the motive to sell when they have made such a profit in the purchase just as you stated, "21 million in 1981 and now they're worth over 500 million". The guest From Crane's Chicago Business explained that as long as the Cubs keep the team it is just that......a number. If it is/was about money than they would/will just cash in that cow(i.e. sell).

[hardcorecubfan]

he better have a huge financial backer, because its gonna cost him a small fortune.

 

Yup... $600-$800 million.

 

so are we saying they won't take my 400 millon in cash I was going to offer them?

 

How about stones group joining Ernie?

[Soul]

Anyone who thinks Ernie would be more than a PR figurehead for the group is fooling themselves. Ernie has had some financial problems over the years and isn't very likely to be able to contribute much financially. By the way, for all of those owners who claim they are "losing" money, the Tribune bought the Cubs for 21 million in 1981 and now they're worth over 500 million.

 

I was watching "Chicago Tonight" a while back(last summer, I think) when Bob Sirott was still hosting and he had a chat with the managing editor(I think was his title) of Crane's Chicago Business who was a frequent guest on the show.

 

Anyways they were talking about the speculation of the Tribune selling the Cubs. And this guest went on to say that the selling of the Cubs is far from unfathomable. Bob Sirott questioned the motive to sell when they have made such a profit in the purchase just as you stated, "21 million in 1981 and now they're worth over 500 million". The guest From Crane's Chicago Business explained that as long as the Cubs keep the team it is just that......a number. If it is/was about money than they would/will just cash in that cow(i.e. sell).

 

Well, only if you thought the value was going to go down. As long as it continues to rise, just hang on to the coat-tails and let her go.

 

......which is probably what the Trib is doing, come to think of it.

[RonnieWooWooSanto]

I don't think I saw this posted, but Rudy Guiliani's investment/ownership group is one of the groups who has asked that Ernie Banks be the part of their group in seeking to purchase the Cubs.

 

http://news.yahoo.com/s/nm/20060610/sp_nm/baseball_cubs_dc_1