Originally Posted by jdm2662
That doesn't take into account another $300+ million to finance the renovations. The money has to come from somewhere. And, credit is hardly a good way to go. Owning the Cubs wasn't the fun and cool thing Tom Ricketts thought it would be. I'd have to wonder if he still thought they would sell out every game if the team sucked ass.
I'm pretty sure that Ricketts will end up okay in this deal. The club is poised to generate a good deal of revenue through the renovations (ie a $140M contract with Budweiser) and upcoming TV contract. In the meantime, the the value of his investment has gone up $400M since he bought the Cubs. That's not a bad return, even with the debt load.