Friday, April 27, 2007

the BEEELLLION dollar boondoggle

Cubs could sell for over $1B, consultant says

(Crain’s) — Potential bidders should be prepared to up their antes for the Chicago Cubs.

"It’ll go north of $800 meeeelllion, and I wouldn’t be surprised if it went for more than one BEEEEELLLLION DOLLARS," says Marc Ganis, a Chicago-based sports industry consultant, putting out figures higher than earlier ballpark guesses of $600 million...

1 comment:

Corms said...

No way the team itself goes for $1billion, but with Wrigley and the surrounding real estate and the team's share of CSN then it could. It wouldn't surprise me if the team was sold separately from the ball park and the land. There are only certain parts of the park that are landmarked so I imagine in about 10 years we'll be seeing a 10 story "Condos of Wrigley" where the park is now.