cubs logo

Report: Cubs considering selling minority shares of team to fund Wrigley renovation


With the Cubs looking for ways to finance the Wrigley Field renovation effort and projects around the stadium, Patrick Mooney of reports that ownership is considering selling minority shares of the team.

No final decisions have been made yet, but the Ricketts family will not be selling off controlling interest in the team. It’s akin to what the Mets did a couple of years ago after the settlement in the Bernie Madoff scandal. Just some outside cash now to get the projects off the ground.

An industry source predicted the Cubs would be working from the latest Forbes valuation – $1.2 billion – that put the franchise behind only the New York Yankees, Los Angeles Dodgers and Boston Red Sox at a time when commissioner Bud Selig estimated the sport’s revenues could top $9 billion this year.

That’s a 42-percent jump from the $845 million deal that finally closed in October 2009 and included a piece of Comcast SportsNet Chicago. The game’s rising tide hasn’t lifted the Cubs out of fifth place since the Ricketts family entered into that leveraged partnership with Zell’s Tribune Co., which demanded any buyer take on a debt-heavy structure that would create a shelter from huge capital-gains taxes.

The Cubs source said a sale wouldn’t impact the futures of team presidents Crane Kenney and Theo Epstein, who both have long-term contracts and run business and baseball operations without much interference from a hands-off ownership group.

MLB would have to approve any new owners. The Wrigleyville project is expected to cost around $500 million and will consist of renovations of the stadium itself and outside the stadium, including a hotel. In addition to trying to raise the money to fund it privately, Cubs ownership have run into some other issues along the way, including their contract with rooftop owners which runs through 2023. Plans for a jumbotron will block some of the views into the ballpark.

Yadier Molina scratched from Cardinals’ lineup

molina getty

Yadier Molina was in the Cardinals’ initial, posted lineup for Game 4 of the NLDS this afternoon, but the injured catcher has been scratched and replaced by backup Tony Cruz.

Molina has been playing through a significant thumb injury and exited Game 3 early in obvious discomfort. He no doubt talked his way into the lineup, but manager Mike Matheny told reporters that Molina was removed due to “considerable weakness in his hand.”

Not only will the Cardinals try to stave off elimination without Molina behind the plate, if they are able to advance past the Cubs in the NLDS they could be without the seven-time All-Star catcher in the NLCS.

Robinson Cano underwent sports hernia surgery

Robinson Cano

The Mariners announced today that second baseman Robinson Cano underwent surgery on his “core muscles” today, to repair that which we more commonly refer to as a sports hernia.

Cano played through the injury during the second half of what was a below par season. Hit hit .387/.334/.486 on the year though, surprisingly, did much better in the second half, posting a line of .331/.387/.540. The hernia may have been bothersome, but it didn’t really hamper him, it would seem.

He’ll need six weeks of recovery time, but should be good to go by spring training, looking for a bounce back year.

NLDS, Game 4: Cardinals vs. Cubs lineups

John Lackey

Here are the Cardinals and Cubs lineups for Game 4 of the NLDS in Chicago:

3B Matt Carpenter
1B Stephen Piscotty
LF Matt Holliday
RF Jason Heyward
SS Jhonny Peralta
CF Randal Grichuk
2B Kolten Wong
C Yadier Molina Tony Cruz
SP John Lackey

Yadier Molina is in the lineup despite leaving Game 3 early with obvious discomfort in his injured thumb. Randal Grichuk starts in center field after Tommy Pham played there in Game 3, which is interesting because in Game 1 the Cardinals used Grichuk in right field and Jason Heyward in center field. John Lackey is starting on short rest after winning Game 1, as manager Mike Matheny bypassed Lance Lynn with the season on the line.

UPDATE: Molina has been scratched from the lineup and replaced by Tony Cruz.

CF Dexter Fowler
RF Jorge Soler
3B Kris Bryant
1B Anthony Rizzo
2B Starlin Castro
LF Kyle Schwarber
C Miguel Montero
SP Jason Hammel
SS Javier Baez

Addison Russell is out of the lineup after injuring his hamstring in Game 3, so Javier Baez is taking his place at shortstop and batting ninth behind the pitcher. Jorge Soler’s hot streak gets him another start in the No. 2 spot, with Kyle Schwarber batting sixth again. Jason Hammel makes his first start in 12 days.