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  #16  
Old 05-01-2013, 02:24 PM
Lip Man 1 Lip Man 1 is offline
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http://www.chicagotribune.com/busine...,4919937.story

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  #17  
Old 05-01-2013, 03:22 PM
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I can see his point. As a businessperson, he and his siblings have to think about the resale value of the team. Since the Cubs are one of the few (if not the only, I don't know the situation at all other 29 parks) teams with significant parking revenue, they need to make it up somehow. The reason for this is because all the MLB teams will, in the next few years, get into lucrative televsion/media contracts. For the Cubs to remain financially competitive without the benefit of 10,000+ cars parking in their lots 81 days a year, they need the revenues from in-game advertising. While you can say the Ricketts have all the money in the world, when it comes time to sell the team, potential buyers will want a team that have enough revenue streams so they can compete financially with the other clubs.
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  #18  
Old 05-01-2013, 03:31 PM
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Cubs warn rooftop owners "don't sue..."

http://www.chicagotribune.com/sports...,2133920.story

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  #19  
Old 05-01-2013, 03:47 PM
kittle42 kittle42 is offline
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Originally Posted by Lip Man 1 View Post
Cubs warn rooftop owners "don't sue..."

http://www.chicagotribune.com/sports...,2133920.story

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It seems to me they have every right to block their view, at least after the deal ends. Haven't looked enough to see if they have grounds for doing it now.
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  #20  
Old 05-01-2013, 03:47 PM
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Quote:
Originally Posted by DumpJerry View Post
I can see his point. As a businessperson, he and his siblings have to think about the resale value of the team. Since the Cubs are one of the few (if not the only, I don't know the situation at all other 29 parks) teams with significant parking revenue, they need to make it up somehow. The reason for this is because all the MLB teams will, in the next few years, get into lucrative televsion/media contracts. For the Cubs to remain financially competitive without the benefit of 10,000+ cars parking in their lots 81 days a year, they need the revenues from in-game advertising. While you can say the Ricketts have all the money in the world, when it comes time to sell the team, potential buyers will want a team that have enough revenue streams so they can compete financially with the other clubs.
None of this is over parking
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  #21  
Old 05-01-2013, 04:20 PM
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Originally Posted by doublem23 View Post
None of this is over parking
It's about revenues for the team. Parking is huge.
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  #22  
Old 05-01-2013, 04:55 PM
ZombieRob ZombieRob is offline
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Originally Posted by kittle42 View Post
It seems to me they have every right to block their view, at least after the deal ends. Haven't looked enough to see if they have grounds for doing it now.
Without the agreement, wouldn't the Roof owners be in essence stealing the product by making money off the Cubs?
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  #23  
Old 05-01-2013, 05:32 PM
DeadMoney DeadMoney is offline
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Quote:
Originally Posted by kittle42 View Post
It seems to me they have every right to block their view, at least after the deal ends. Haven't looked enough to see if they have grounds for doing it now.
I'm still curious why MLB hasn't stepped in at any point. Did the Cubs get MLB's approval when they signed the original deal with the rooftop owners, because it sure seems like the rooftops are stealing MLB's product, not the Cubs? If the Cubs didn't, that would seem like a major trump card that the Cubs could try to play - or have MLB play - IMO. Granted, I know nothing of the laws regarding this, contracts, etc., I just thought it was always funny that the deal was with the Cubs, not MLB.
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  #24  
Old 05-01-2013, 05:48 PM
dickallen15 dickallen15 is offline
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They should show the game on the back of the video board in case any of the people on the rooftop actually were ther to watch the game.
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  #25  
Old 05-01-2013, 06:58 PM
soltrain21 soltrain21 is offline
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Don't the rooftop owners just have to give 17 percent to the Cubs? I mean, I haven't seen the contract. But maybe the Cubs are just like, "Yeah. We will take 17 percent of the now way smaller pot. We don't care."
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  #26  
Old 05-01-2013, 07:04 PM
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Do you really think that if the Cubs move to Rosemont into a new say $650M+ stadium that would be designed to be a modern version of Wrigley that people wouldn't come? I know it might be wishful thinking on some people's part, but there are plenty of Cubs fans who would love to visit a fast-developing entertainment hub complete with a casino, hotels, restaurants and entertainment. All Ricketts is asking is that he be allowed to manage his business. And if push comes to shove, you better believe the city will want to keep the Cubs in place with all the tax revenue the #3 tourist attraction in the state brings in (not to mention the projected extra $20M a year).
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  #27  
Old 05-01-2013, 07:07 PM
34rancher 34rancher is online now
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The other issue is how much have the cubs benefitted from the rooftops? Their "charm" and "ambience" have long been highlighted on broadcasts and talked about as a lure.
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  #28  
Old 05-01-2013, 07:24 PM
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Quote:
Originally Posted by Golden Sox View Post
I think if the bad guys on the Northside moved to Rosemont, the franchise would still be a goldmine.
No, it would not. It would be a terrible business decision.

Quote:
Originally Posted by Golden Sox
Spending upwards of $300 million on rehabbing a dump like Wrigley Field is just crazy.
$300 million is a drop in the bucket compared to the depreciation in net worth they would realize once they moved out of the City.
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  #29  
Old 05-01-2013, 07:26 PM
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Originally Posted by dickallen15 View Post
They should show the game on the back of the video board in case any of the people on the rooftop actually were ther to watch the game.
LOL, that's pretty good. You're right though. Nobody is watching the game anyway.
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  #30  
Old 05-01-2013, 07:27 PM
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Quote:
Originally Posted by jonred View Post
Do you really think that if the Cubs move to Rosemont into a new say $650M+ stadium that would be designed to be a modern version of Wrigley that people wouldn't come?
Yes.
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