Menu
Franchises

Cubs' Tom Ricketts Does Not Promise Splashy Moves To Reverse On-Field Woes

Cubs Chair Tom Ricketts yesterday "promised no splashy, expensive moves to reverse four consecutive years of losing on the field and at the gate," and he made "no assurances that the third-highest ticket prices in the sport would get ­reduced for next season," according to Gordon Wittenmyer of the CHICAGO SUN-TIMES. While Ricketts "acknowledged the team’s lingering purchase debt is a factor in spending ability, he said it’s 'a lot less than you think.'" He added that baseball budgets set by ownership are not "holding back anything" President of Baseball Operations Theo Epstein and Exec VP & GM Jed Hoyer "are trying to do with the club." Ricketts: "On the business side, we have to continue to develop more revenue lines so that we can have more financial flexibility in the future, and we’re doing that with stadium renovations and other media contracts that are coming up in the future.” He added that the clubhouse and training facilities planned for underneath the existing clubhouse and workout room are “'probably not going to' be ready for the 2014 opener as originally planned, 'but it’s a priority for us.'” Wittenmyer notes what remains "clear is that the baseball practices one sport economist described as 'mid-market' figure to continue until at least the Jumbotron revenues or Class A prospects starting coming in -- maybe both." Ricketts said, "In terms of attendance, the way I look at it is we have to win. We have to get a more exciting team. We’re not disappointed with this year’s attendance. We’ll be in the 2.7 (million) range. But obviously, it’s incumbent upon us to make sure we put a more compelling team on the field, and attendance will take care of itself" (CHICAGO SUN-TIMES, 9/5).

RAISE THE ROOF: In Chicago, Fran Spielman notes Chicago alderman Tom Tunney yesterday "ruled out resolving the dispute between the Cubs and rooftop club owners standing in the way of renovating Wrigley Field by allowing a deck that would hover over and darken Sheffield Avenue." Tunney said that he "opposes the nearly block-long Sheffield deck for the same reason he nixed a proposed pedestrian bridge over Clark Street" (CHICAGO SUN-TIMES, 9/5).

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ Morning Buzzcast: April 23, 2024

Apple's soccer play continues? The Long's game; LPGA aims to leverage the media spotlight

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2013/09/05/Franchises/Cubs.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2013/09/05/Franchises/Cubs.aspx

CLOSE