Filed under: Uncategorized | Tags: Boston Red Sox, Chicago Cubs, Conde Nast Portfolio, Duff McDonald, New York Yankees, sale, Wrigley Field, Yankee Stadium
I’m always interested to come across baseball articles in non-baseball publications…for instance the April 2008 issue of Conde Nast Portfolio had a brief feature on the Chicago Cubs in their “How To Value It” section.
The Cubs have been in the business news thanks to talk of a sale, selling the naming rights to Wrigley Field and so on. So Duff McDonald took on the task of placing a value on the Cubs, which he listed at just over $650 million, which I consider to be a low estimate.
If the Red Sox sold for $660 million in 2002, wouldn’t you think the Cubs would be able to push the $750 million barrier? Seems reasonable to me – especially with speculation that if the Yankees were to be sold after the new stadium is complete, it would be well over a $1 billion transaction.
Thoughts?
Baseball On My Brain 