Random Cubs Musings

[jersey cubs fan]

Patrick Mooney ‏@CSNMooney 20s

Ricketts has no regrets re: Zell's sale terms: "We’ll get through it. We’re doing the smart things that are building the future of the org."

 

I feel like this is the closest we've come to an acknowledgment/admission from Ricketts of the terms of the sale limiting the organization.

 

Oh come on.

 

The one person with something to gain by this story is Ricketts, who can pretend he didn't want to cut down on payroll but did so unwillingly as a part of the sale agreement.

[Guest]

Patrick Mooney ‏@CSNMooney 20s

Ricketts has no regrets re: Zell's sale terms: "We’ll get through it. We’re doing the smart things that are building the future of the org."

 

I feel like this is the closest we've come to an acknowledgment/admission from Ricketts of the terms of the sale limiting the organization.

 

Oh come on.

 

The one person with something to gain by this story is Ricketts, who can pretend he didn't want to cut down on payroll but did so unwillingly as a part of the sale agreement.

 

And has nevertheless denied the sale agreement limiting them every time it's been brought up publicly (as has Kenney).

[mul21]

 

The money woes of the Cubs just don't make sense to me. I mean, how are the Ricketts going to sink sums of money they say they do not have for baseball players into renovations that require bigger sums of money?

 

That's what I always questioned. I can't believe that anyone seriously thought the city or state was going to help when both of them are broke and have been for quite awhile.

 

You can't believe that a government agency, even if they're broke, would kick in money to a project that would cost them something up front but they stand to benefit from in the millions on an annual basis from? You're right, that's totally crazy talk.

[Guest]

 

The money woes of the Cubs just don't make sense to me. I mean, how are the Ricketts going to sink sums of money they say they do not have for baseball players into renovations that require bigger sums of money?

 

That's what I always questioned. I can't believe that anyone seriously thought the city or state was going to help when both of them are broke and have been for quite awhile.

 

You can't believe that a government agency, even if they're broke, would kick in money to a project that would cost them something up front but they stand to benefit from in the millions on an annual basis from? You're right, that's totally crazy talk.

 

Especially when seemingly every major sports facility in the history of ever has gotten some degree of public funding.

[SouthSideRyan]

Patrick Mooney ‏@CSNMooney 20s

Ricketts has no regrets re: Zell's sale terms: "We’ll get through it. We’re doing the smart things that are building the future of the org."

 

I feel like this is the closest we've come to an acknowledgment/admission from Ricketts of the terms of the sale limiting the organization.

 

Oh come on.

 

The one person with something to gain by this story is Ricketts, who can pretend he didn't want to cut down on payroll but did so unwillingly as a part of the sale agreement.

 

And has nevertheless denied the sale agreement limiting them every time it's been brought up publicly (as has Kenney).

 

So they were lying every other time but this time it counts

[jersey cubs fan]

 

The money woes of the Cubs just don't make sense to me. I mean, how are the Ricketts going to sink sums of money they say they do not have for baseball players into renovations that require bigger sums of money?

 

That's what I always questioned. I can't believe that anyone seriously thought the city or state was going to help when both of them are broke and have been for quite awhile.

 

You can't believe that a government agency, even if they're broke, would kick in money to a project that would cost them something up front but they stand to benefit from in the millions on an annual basis from? You're right, that's totally crazy talk.

 

Especially when seemingly every major sports facility in the history of ever has gotten some degree of public funding.

 

Seemingly being the operative word.

 

Very few of which were approved during the biggest financial crisis since the great depression.

[Guest]

Patrick Mooney ‏@CSNMooney 20s

Ricketts has no regrets re: Zell's sale terms: "We’ll get through it. We’re doing the smart things that are building the future of the org."

 

I feel like this is the closest we've come to an acknowledgment/admission from Ricketts of the terms of the sale limiting the organization.

 

Oh come on.

 

The one person with something to gain by this story is Ricketts, who can pretend he didn't want to cut down on payroll but did so unwillingly as a part of the sale agreement.

 

And has nevertheless denied the sale agreement limiting them every time it's been brought up publicly (as has Kenney).

 

So they were lying every other time but this time it counts

 

Yeah, that's what I said.

[Backtobanks]

 

The money woes of the Cubs just don't make sense to me. I mean, how are the Ricketts going to sink sums of money they say they do not have for baseball players into renovations that require bigger sums of money?

 

That's what I always questioned. I can't believe that anyone seriously thought the city or state was going to help when both of them are broke and have been for quite awhile.

 

You can't believe that a government agency, even if they're broke, would kick in money to a project that would cost them something up front but they stand to benefit from in the millions on an annual basis from? You're right, that's totally crazy talk.

 

I'm sure the mayor (or governor) would love to bankrupt the city (or state) while being booted out of office so that the mayor (or governor) in 20 years can reap the benefits of such a deal.

[NewUserName]

 

The money woes of the Cubs just don't make sense to me. I mean, how are the Ricketts going to sink sums of money they say they do not have for baseball players into renovations that require bigger sums of money?

 

That's what I always questioned. I can't believe that anyone seriously thought the city or state was going to help when both of them are broke and have been for quite awhile.

 

You can't believe that a government agency, even if they're broke, would kick in money to a project that would cost them something up front but they stand to benefit from in the millions on an annual basis from? You're right, that's totally crazy talk.

 

I'm sure the mayor (or governor) would love to bankrupt the city (or state) while being booted out of office so that the mayor (or governor) in 20 years can reap the benefits of such a deal.

Do you live in Illinois?

[SouthSideRyan]

Patrick Mooney ‏@CSNMooney 20s

Ricketts has no regrets re: Zell's sale terms: "We’ll get through it. We’re doing the smart things that are building the future of the org."

 

I feel like this is the closest we've come to an acknowledgment/admission from Ricketts of the terms of the sale limiting the organization.

 

Oh come on.

 

The one person with something to gain by this story is Ricketts, who can pretend he didn't want to cut down on payroll but did so unwillingly as a part of the sale agreement.

 

And has nevertheless denied the sale agreement limiting them every time it's been brought up publicly (as has Kenney).

 

So they were lying every other time but this time it counts

 

Yeah, that's what I said.

 

Why did they deny it before? What's changed?

[Guest]

I didn't say anything has changed nor did I intend to imply anything.

 

I stated an observation; this is the first time that I recall Ricketts has let slip (be it intentionally or unintentionally) that they have been restrained in any way by the sale agreement.

[jersey cubs fan]

I didn't say anything has changed nor did I intend to imply anything.

 

I stated an observation; this is the first time that I recall Ricketts has let slip (be it intentionally or unintentionally) that they have been restrained in any way by the sale agreement.

 

You say "let slip" as if it's a real story.

[Guest]

I didn't say anything has changed nor did I intend to imply anything.

 

I stated an observation; this is the first time that I recall Ricketts has let slip (be it intentionally or unintentionally) that they have been restrained in any way by the sale agreement.

I think you are reading too much into the statement. Ricketts is letting the media state a premis (Cubs are hamstrung financially) and giving a milquetoast answer that neither confirms nor denies the premis.

 

I still want someone to address my question.

Edited February 19, 2014 by CubinNY

[jersey cubs fan]

e

[Backtobanks]

 

The money woes of the Cubs just don't make sense to me. I mean, how are the Ricketts going to sink sums of money they say they do not have for baseball players into renovations that require bigger sums of money?

 

That's what I always questioned. I can't believe that anyone seriously thought the city or state was going to help when both of them are broke and have been for quite awhile.

 

You can't believe that a government agency, even if they're broke, would kick in money to a project that would cost them something up front but they stand to benefit from in the millions on an annual basis from? You're right, that's totally crazy talk.

 

I'm sure the mayor (or governor) would love to bankrupt the city (or state) while being booted out of office so that the mayor (or governor) in 20 years can reap the benefits of such a deal.

Do you live in Illinois?

 

Yeah, I've lived here my whole life. Our politicians are noted for making deals that benefit them and not some future office holder. Emanuel probably doesn't have to worry too much about being re-elected when the mayoral election comes up, but Quinn could be in trouble in this year's election.

[Guest]

I still want someone to address my question.

 

Do you really not know the answer(s) to that question? The party line from the organization is that in order to support the payrolls of the late 2000s, they need the increased revenues/lower expenses that the renovation and/or new TV deal(s) will provide. Ownership has always been capable of supporting higher payrolls, but they haven't because of one or more of the following reasons:

 

- They're trying to maximize profits by intentionally avoiding spending money

- They have cash flow restrictions on how much they can spend on the team vis a vis their debt repayment as a result of the terms of the sale from Zell

- They're intentionally minimizing future commitments to minimize their risk while the 500 million renovation project they would like to pay for and start construction on is up in the air

 

We've known the reasons for a long time, and there's various logic(good and bad) behind each, it's just a matter of how much you believe any one of those reasons.

[jersey cubs fan]

I still want someone to address my question.

 

Do you really not know the answer(s) to that question? The party line from the organization is that in order to support the payrolls of the late 2000s, they need the increased revenues/lower expenses that the renovation and/or new TV deal(s) will provide. Ownership has always been capable of supporting higher payrolls, but they haven't because of one or more of the following reasons:

 

- They're trying to maximize profits by intentionally avoiding spending money

- They have cash flow restrictions on how much they can spend on the team vis a vis their debt repayment as a result of the terms of the sale from Zell

- They're intentionally minimizing future commitments to minimize their risk while the 500 million renovation project they would like to pay for and start construction on is up in the air

 

We've known the reasons for a long time, and there's various logic(good and bad) behind each, it's just a matter of how much you believe any one of those reasons.

 

You forgot, damage the rooftops business model by creating an environment where nobody wants to go to Cubs games for 3-4 years. That doesn't hurt a billionaire owner much.

[Guest]

Epstein said he has "no regrets whatsoever" over his five-year deal with the Cubs. Assuming Ricketts gives him an extension, he will be here for quite a while.

 

"I want to be here at least until we win a World Series," he said. "I look at things in 10-year increments as far as one's career and one's development. I'm certainly looking at it as a long-term deal."

 

So 10 years with the Cubs?

 

"No specifics," he said.

 

If so, that would mean Epstein is here through 2021, by which time the rooftop battle should be over.

 

http://www.chicagotribune.com/sports/baseball/cubs/ct-ricketts-epstein-sullivan-cubs-spt-0220-20140220,0,3676393.story

[Tangled Up in Plaid]

He'll be there forever when the Cubs win the WS, Murphy's is demolished, and a 20-foot statue is erected of him.

[NewUserName]

 

Yeah, I've lived here my whole life. Our politicians are noted for making deals that benefit them and not some future office holder. Emanuel probably doesn't have to worry too much about being re-elected when the mayoral election comes up, but Quinn could be in trouble in this year's election.

I think Quinns issues would go much deeper than a fall out from putting state money into Wrigley would cause.

[Guest]

He'll be there forever when the Cubs win the WS, Murphy's is demolished, and a 20-foot statue is erected of him.

 

In for a Theo statue as big as that creepy man with fish statue from the Shedd Aquarium

[XZero771679666304]

He'll be there forever when the Cubs win the WS, Murphy's is demolished, and a 20-foot statue is erected of him.

 

In for a Theo statue as big as that creepy man with fish statue from the Shedd Aquarium

 

Bigger. And with some pillories at the base where Murphy, Tunney and the other self-important obstructionist scum can be locked and pelted with rotten food.

[Guest]

He'll be there forever when the Cubs win the WS, Murphy's is demolished, and a 20-foot statue is erected of him.

 

In for a Theo statue as big as that creepy man with fish statue from the Shedd Aquarium

 

Bigger. And with some pillories at the base where Murphy, Tunney and the other self-important obstructionist scum can be locked and pelted with rotten food.

 

Speaking of something like that, those faces at the bottom of the Harry Caray statue are what nightmares are made of.

[Backtobanks]

 

Yeah, I've lived here my whole life. Our politicians are noted for making deals that benefit them and not some future office holder. Emanuel probably doesn't have to worry too much about being re-elected when the mayoral election comes up, but Quinn could be in trouble in this year's election.

I think Quinns issues would go much deeper than a fall out from putting state money into Wrigley would cause.

 

But you're talking about putting a ton of state money into Wrigley in addition to his other issues while running against a very conservative, cut-everything Republican.

[Sammy Sofa]

Well, so was he.