There’s an old joke: How do you become a millionaire? Have $1 billion ”” then buy the Chicago Cubs.
But Tom Ricketts, who recently bought the storied franchise and its famous ballpark, Wrigley Field, for almost $900 million ”” the most ever paid for a baseball team ”” says he thinks it’s going to be “a fair investment over time.”
“You don’t buy sports teams just because you’re looking at the investment side of it,” Ricketts tells NPR’s Scott Simon. “We’re fans, too. And we feel the pain of the fans; we understand the magic that is Wrigley.”
A consummation devoutly to be wished. Eamus Catuli!
Wrigley Field needs a major renovation. Glad to hear that the Ricketts are committed to a first class renovation. Go Cubs!