Warren Buffett is interested in investing in the Cubs

5 Comments

As we noted yesterday, the Cubs are seeking minority investors in order to help fund the renovations to Wrigley Field and the development of the neighborhood around the ballpark. One potential investor? The most famous investor of them all:

Warren Buffett, the world’s fourth-richest person, is interested in investing in the Chicago Cubs, according to a source who traded candor for anonymity . . . The Ricketts family hails from Omaha, the same city that is home to Buffett’s holding company, Berkshire Hathaway .

Buffett has baseball ownership experience. Or at least investing experience, as he owned a minority share of the Omaha Triple-A team, so it’s not totally foreign territory for him.

It would be interesting, though, as being a minority shareholder in a closely held baseball team like the Cubs would give him little if any say in how the asset is managed. In a lot of ways doing that is a vanity investment, and Buffet is a lot of things, but a vanity investor is not one of them.

Alex Cobb exits game with blister issue

Alex Cobb
Getty Images
Leave a comment

Orioles right-hander Alex Cobb made the shortest start of his seven-year career after reopening a cut on his pitching hand during Sunday’s game against the Yankees. In the first inning, he worked a 2-2 count on four pitches to Andrew McCutchen, then made a prompt exit from the field after taking a closer look at his right index finger.

This isn’t the first time Cobb has dealt with blisters on his pitching hand; in fact, it marks the second consecutive outing in which he’s been prematurely pulled from the mound after reaggravating the injury. By Sunday’s start, the 30-year-old righty had already lost three weeks of the season to the same issue, though the Orioles appeared confident in his ability to make another appearance after watching him successfully complete two bullpens last week. He entered the game with a 5-15 record in 27 starts and a career-worst 4.90 ERA, 2.5 BB/9, and 6.0 SO/9 across 152 1/3 innings. At this point, it’s highly unlikely that he’ll get another opportunity to pitch in the majors before the end of the year.

Following Cobb’s departure in the first inning, reliever Mike Wright Jr. was tabbed to fill in for the righty. His performance yielded disappointing results as well: After kicking off the inning with three back-to-back walks, he allowed three runs on a Gleyber Torres sac fly and a pair of RBI singles from Miguel Andujar and Gary Sanchez. The Orioles currently trail the Yankees 3-1 in the fourth as they look to avoid a franchise-worst 111th loss.