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.
In the short run, that's a bad deal for him. If he owns that team for 30 years, I'll bet he doesn't regret the move.
The profits the team turned are probably going to pay off the personal debt the family took out to buy the team. I can't blame them for using the profits in that manner either. A $27 million profit would take a good chunk out of it.