TBS Playoffs Insider wrote:there are lots of businesses. owning a sports team is not a business.
I don't know what to do with this. If you mean "owning a sports team shouldn't be a business," I can go along - but only so far.
But that's just not realistic. Maybe I have some sort of strange Stockholm Syndrome from following the Cubs during Tribune ownership, but I don't see how its anything but a business.
**I'm not a businessman, so forgive me if I misuse some terms**
Have we forgotten the whole saga of tribune ownership, and underspending? Tribune in bankruptcy and selling the team? Sam Zell and the resrictions put on the Rickett's as far as requiring a certain debt load (if I'm remembering correctly)? The revitalization of the neighborhood?
As much of a fan as Ricketts might be, you can't be naive enough to think that someone with a background in BANKING AND INVESMENTS would go through countless hours of meetings, fights with the neighborhood, the rooftops, and the city if they didn't think it would gain them a profit. These people live life by ROI. And all the other owners are business owners as well.
I don't have to like them. I don't have to like big business, but to fail to recognize that an asset acquired for nearly a billion dollars is anything but big business is somewhere between gullible and dense.
Churchill said that democracy is the worst form of government except all the others. I feel the same way about capitalism. It is the worst economic system, except all the others. It really is the worst. but its what we have, and to expect people who have played that system for generations, and have invested the time and energy they have in it to not turn a HEFTY profit is to fail to understand the world around you. I wouldn't be surprised if they are leading the way on collusion. I'd image the penalties on baseball collusion will be much less than the same behavior in the banking industry and the Ricketts' know it.
That said, the Cubs have a top 5 payroll, will continue have one. They have been more competitive this last 5 years than any other time in my lifetime or yours (I haven't checked the numbers, but I'd image even averaging in the "tank" years, they've set an 8 year high in W/L record at this point) due to quality hires and open wallets.
I want Bryce and will be dissappointed if they don't get him. But to expect the Ricketts to be anything but what we knew they were walking in is just silly. They're investors and they're doing pretty well with this investment, both in terms of its success and thier profit.
tl;dr. Baseball is a business. You don't have to like it, but its true. The Ricketts' are good at business and the Cubs are more successful than ever, while the Ricketts are making tons of money, which is kind of what bankers do.