Ricketts Family Wins Cubs Bid

[jersey cubs fan]

When team owners considered taking MLBAM public two years ago, initial public offering estimates by investment bankers ranged around $2 billion-$2.5 billion. Now that number approaches $5 billion — which would translate into more than $150 million per team — and only figures to continue growing.

 

"I don't think there's any thought at the moment of doing an IPO or a partial IPO," said Bob DuPuy, MLB's president and chief operating officer. "Clearly this is an asset that has real value, and that's taken into account when teams are sold."

 

http://www.usatoday.com/sports/baseball/2007-12-04-baseball-online_N.htm

 

Good luck getting IPO money today. That was written in December 2007, right after the peak of an overpriced market.

[Oscar Zamora]

I like everyone else was hoping that Cuban would be the next owner of the Cubs but the more I learn about the type of person Tom Ricketts is, the happier I am that he was the one,selected for his bid. I'm sure it's already been mentioned but besides the fact that he grew up next to Wrigley Field (and of course is a Cub fan), he also apparently met his wife in the bleachers. He has been quoted to say that he wants nothing more than the Cubs to win a championship --something that Cub fans deserve.