New Bucks Owners Open To Local Investors Sources: Islanders Draw New Suitors Colts To Remain With Irsays Long Term Herb Kohl Sells Bucks For $550M Kohl Praised For Dedication To Milwaukee Arthur Blank, Atlanta Officially Awarded MLS Team MLB Facility Notes Raptors Unveil New "We The North" Campaign NBA Kings Reaping Benefits Of New Owners Franchise Notes
Upcoming Conferences and Events
SBD/April 17, 2013/Franchises
Epstein Says Cubs Need More Revenue Streams To Become Consistent Contenders
Published April 17, 2013
DOES MONEY SOLVE EVERYTHING? ESPN’s Israel Gutierrez said of Ricketts stating that if the renovation plan is approved, the team will win the World Series, “Wrigley Field is almost always full and they only have to be good once in a awhile to keep the faith of the fans, but to say that because they get renovations and get more income coming in that they’re automatically going to spend that money on players. Look, I’m from Miami, and there are false promises made down here (by the) baseball team all the time. So I don’t doubt that might happen in Chicago.” The L.A. Times' Bill Plaschke said it is about “money,” as “seven of the last eight world championship teams were teams that ditched old stadiums and moved into new stadiums and used those revenue streams … to win the world championship. There is a clear connection between the two. Yes, you need good judgment, you need good general managers, but first you need money” (“Around The Horn,” ESPN, 4/16).
RENOVATION IMPLICATIONS: In Chicago, Gordon Wittenmyer writes the Cubs' $500M Wrigley Field renovation deal with the city does "underscore the fast-changing reality of baseball’s economic landscape that is making big-market teams out of mid-market teams and giving even some small-market teams optimism." It also "underscores the dangers of a Cubs business plan that has sucked resources from baseball budgets -- however temporary in theory -- while assuming there will come a day when an influx of money from new revenues will allow a switch to somehow be flipped and the team made suddenly competitive again." Epstein was "pushed for a reason why renovations are a prerequisite for contending again." He responded, "Our payroll now is third in the division. That’s fine. But it should be first in the division. So this is one of the ways that we’re going to get there" (CHICAGO SUN-TIMES, 4/17). Also in Chicago, Fran Spielman notes Mayor Rahm Emanuel yesterday "embraced the broad-strokes 'framework' he forged with the Cubs after months of painstaking negotiations." But he "made it clear that it would be up to Ricketts to sell the finer points to local Ald. Tom Tunney and his constituents." Emanuel: "We have a security plan, a traffic plan, a parking plan. We also have an agreement that the jumbotron will be in the park -- not outside the park. We have an agreement on what the night games are. Those are the types of things that are big items (where) there’s a consensus. They’ll work through now the size of the sign, just like Fenway has, that works both for the neighborhood and the ownership." Emanuel acknowledged the Wrigley rooftop owners are "part of the community," but argued there are "a lot of other interests" (CHICAGO SUN-TIMES, 4/17). Chicago-based WSCR-AM's Hub Arkush said adding a Jumbotron to the outfield “will take away a lot of the charm that makes it Wrigley Field” (“Sports Talk Live,” Comcast SportsNet Chicago, 4/16).
ROOF OWNERS ON FIRE: Rooftop club owner Beth Murphy said that the clubs and the team "could work out a compromise." Murphy: "I'm sure there's some sort of mediation that could be done. Nobody has talked to us about compensation and the like of it. I think we have in some sense been painted as villains in the face of the Cubs winning the World Series." South Lakeview Neighbors Association President David Duggan said that he "hopes the rooftop clubs continue because they are a better place to watch the game." Duggan: "Wrigley Field is a 100-year-old dump that needs to be renovated to be moderately acceptable. The rooftops are producing a better product than the Cubs" (CHICAGO TRIBUNE, 4/17). In Chicago, Steve Rosenbloom wrote of Ricketts not going into detail about a proposed 6,000-square-foot video screen when announcing the deal, "If you want to lose a news conference, then tell Cubs fans they can’t see the centerpiece of the renovation, the biggest new revenue stream, and the item that 60 percent of those surveyed supposedly want." News conferences "should answer questions, not raise more of them." Maybe the Cubs are "getting political advice to play it this way." Ricketts' motivation is "great, even if his methods have been clunky." His financial commitment has been "greater still, and bravo for that" (CHICAGOTRIBUNE.com, 4/16). In Chicago, Dardick & Byrne cite sources as saying that the Cubs, the city and businesses in the Lakeview community would "share the cost of putting 30 more cops and security guards on the streets after games under a proposal that is part of the agreed framework to renovate Wrigley." Sources added that such a move would "more than double the number of police officers now outside Wrigley after games." But neighborhood groups said that the plan "might not be sufficient" (CHICAGO TRIBUNE, 4/17).