cymbalta prices in canada topamax where to buy how to get dilantin in australia how long does it take coreg to start working anacin no prescription compare prices donepeil bactrim side effects rash pictures kamagra gel pas cher cardizem in the uk top 10 online sumycin sites buy cytoxan paypal accepted the little blue pill healthpoint what does it do provera canadian online himplasia without insurance remeron tablets 15 mg billig clozaril online kaufen periactin pills used augmentin 100 mg /12 5 buy premarin without prescription what is fenofibrate 160 mg used for how to get promethazine codeine syrup online what is triamterene hctz 37.5 25 mg myl q precio tienen pastillas cytotec ordering voveran here in canada sample of female viagra topamax over counter drugs what does zofran taste like buy aciclovir online in usa grifulvin v cheap uk lowest priced benadryl cost of cialis sublingual what does finasteride taste like is zetia in generic form xbox live price increase activision lexapro for ocd reviews purchase generic female cialis florida alligator hunting license cost where is baclofen metabolized best generic yasmin review what is levaquin 500 used for dapoxetine where to purchase blopress medication order zovirax pills dosage buy cheap aceon pills lisinopril mg canada power pill 100 inderal 10 mg migraine what does femcare buy augmentin online no prescription dose tadacip drugstore buy 1 generic acivir pills mg buy hong kong prescription actonel online cardizem online femara complications infertility cialis coupon discounts buy remeron without a prescription from canadian pharmacy comprare tartaruga alligatore lisinopril hctz 10 12.5 picture low dosage levitra buy generic lotensin nizagara canada finax suppliers overseas where to buy valtrex online canada arimidex 1mg tablets side effects cost of wellbutrin xl at walmart genuine ethionamide best price diclofenac cheapest online overnight buy quibron-t boots viagra and alcohol headache buy neo medrol online mevacor without insurance dipyridamole in the uk now alesse daily use reviews low thyroxine during pregnancy flomax drug oversea buy hydrochlorothiazide 50 cheap viagra generic pills suprax doctors online ebay allis chalmers parts canadian allied forces groningen where to buy alligator meat in orlando generic tinidazole usa tinidazole woldwide shipping buy levitra plus astrailia what is fluoxetine 20 mg used for printable propecia coupons best site get keflex buy astelin 40 zofran orally disintegrating tablets dose little blue pill healthpoint review what is blopress for generic adalat cc 30 mg nifedipine rash from singulair diovan side effects long term use depakote er max dose tadapox for dogs buy famciclovir for sale rogaine 2 cheap where can i buy bentyl in canada diclofenac overnight cheapest generic for zetia buy cipro online discreetly to buy atarax 5 mg brand cleocin for sale allopurinol drugstore acidity treat order premarin 120 mg equivalent du xenical onde posso comprar clomid prandin user reviews buy coloured contact lenses online australia get valtrex prescription online low dose aspirin over counter purchase medrol in australia nizoral tablets 150 mg sumycin online order rhinathiol syrup for children voltaren tablets uk ranitidine liquid price pamelor legal us buy terbinafine pills online no prescription amsa fast 120 mg ic doxycycline 100mg capsule lowest price provera snovitra super power pas cher cheap genuine dilantin online discount coupons voltaren gel oral compazine dose cost of detrol la 4mg unisom generic wikipedia drugs allegra medication class vytorin prescription card order vytorin overnight tadalafil generic australia cheap proventil hfa metoclopramide generic for generic flagyl metronidazole 400mg from uk what is alliteration in english do you need a prescription for valtrex in canada comprar purim original buy generic isoniazid nitrofurantoin for uti reviews buy nolvadex uk bodybuilding where can i buy prednisolone mg premarin recommended dosage propecia reviews forum prescription how long is it safe to take unisom while pregnant slimquick hoodia reviews amazon atorvastatin tablets 40mg mail order rx from canada generic cialis super active buy canada bentyl medication over the counter is diclofenac better than aleve how long do citalopram take to work buy cheap alesse pills pharmacy store design india danazol discount side effects of ciprofloxacin in pregnancy buy risperdal 2mg effexor xr price comparison where are parietal cells located all types kamagra gold pills voltaren mg order benemid prices at costco colchicine prescription assistance buy amoxil mg provera mexico companies only levitra 10 mg 4 film tablet ilac, amoxil dosage calculator zyvox dosage medication xanax bars information how much is diamox tablets how to buy a baby alligator mexican pharmacy no prescription oxytrol ayurslim uk online biaxin discount cheapest levitra plus to buy zithromax chlamydia cabergoline dosage for ohss accutane lawsuit canada 2010 trileptal tablets 150 mg my didronel coupons rumalaya discount medications finasteride (proscar propecia) rxlist valtrex dosage safe buy voveran online allegra 180 mg uses adalat 10 mg sublingual lithium carbonate and alcohol alesse drugstore.com canadian pharmacies that sell viagra amaryl where to purchase 100 mg inderal 24h pharmacy east london isoptin sale generic form of aspirin buy cephalexin without rx betapace side effects uk what are the side effects of the drug doxazosin cost of lamisil at walmart buy viagra without scrip buy tamoxifen citrate online florida lisinopril generic brafix safe there generic arimidex around the world online pharmacy purchase dutas online mexico prescription buy amantadine how to take fincar mg prescription protonix torsemide 40 mg dose birth control pills levitra plus prescription allegra canada without a transcript order desyrel selegiline dosage for social anxiety depression cheap viagra generic paypal best site for bactrim are alli slimming pills safe comprar trental online does watermelon have same effect viagra ndc code for depo medrol 40 mg cialis generico tadacip florida zanaflex prevacid solutab 30 mg generic comprar zebeta pela internet where to buy live lobster in london clozaril cheap mexico pharmacy amantadine hydrochloride suppliers in india original avandamet online order vermox on line india buy orlistat india sale prescription buy cozaar order kamagra on line canada most reliable place to buy lotensin online how to import flovent generic femara available us seroquel discount coupons metformin lactic acidosis diabetes vasodilan dose florida serpina alli cost without insurance stilnox best place to buy vpxl in australia ditropan canadian medications without prescription sleep medicine trazodone side effects which is best cialis levitra or viagra buy brand ventolin where can i buy zanaflex tablets use of chloroquine phosphate tablets probalan without insurance side effects of amitriptyline drugs diclofenac billig kaufen where chloramphenicol cleocin tablets 40mg risperdal reviews ocd abana online pharmacy uk tenormin pharmacy coupons canadian pharmacy online elocon are alligators dangerous for people how to use nizoral shampoo for acne amitriptyline sale side effects of alavert what is the correct dosage of trandate lipitor atorvastatin 80 mg para que sirve diclofenaco sodico inyectable colchicine 100 estrace spain pulmicort user reviews messi stats 2012 13 canadian alliance for community service learning retin-a 0,05 no prescription compare prices coumadin tablets uk canadian alliance church buy grifulvin online safely what is flonase for lasix overnight delivery gauranteed best generic tegretol review risperdal 5mg tablets erythromycin shop net research grade citalopram triamterene tablets buy free cipro company search normal bupropion dose lamictal medication side effects can you buy actoplus met online pyridium pills drugstore can order viagra sublingual canada order robaxin from cheap generic cialis from india is mail order aspirin safe mexican lotrisone german remedies pharma india buy viagra online no prescription usa benicar shop net dapoxetine 50mg tablets what does haldol make you feel like periactin 40mg order cardizem from mexico without prescription pharmacy store for sale in nj coversyl australia looking to purchase reviato from canada cheap lotrel 40 mg pharmacy tech jobs overseas zentel sirop preturi alternative medicine for low back pain acomplia rimonabant wikipedia suprax coupon lupin dosage of prednisone for dogs with cancer buy menosan bulk best place buy lamictal pct where can i buy prednisone for my dog ephedraxin for discount liposafe coupons where to buy alesse in canada safely exelon ordering online pharmacy punar vivah desi tashan june 26 high dose methotrexate order set order norvasc online with visa aciclovir eye ointment side effects canadian pharmacy spam removal can you buy dramamine at walmart levitra professional overnight delivery clonidine hcl price cost comparison buy stromectol online genuine viagra canada 36 hr cialis dosage kmart pharmacy generic price list costco pharmacy buspar price acheter cialis en toute securite abilify no prrescription how to take mobic 7.5mg where can i buy coreg in canada is mail order levitra super active safe blood pressure medication with least amount of side effects legitimate online pharmacies forum chlamydia screening guidelines cafergot availability australia haridra with no rx nexium side effects weight loss cipralex 10 mg buy what is estrace cream avalide usa over the counter substitute for premarin is it safe to order zanaflex cephalexin over the counter australia cheapest arimidex in the uk overnight pharmacy buy alli orlistat cialis usa cvs prices online arjuna with no prescription can i buy diclofenac over the counter anxiety and depression in children celebrex dosage too high can i order drugs from mexico what is citalopram tablets used for can i make zenegra difference between erythromycin and erythromycin gastro resistant retin-a 0,025 online coupon code prescription solutions in overland park ks 66211 order avapro pill buying drugs in berlin prednisolone usa all types prevacid pills indian accutane generic generic zovirax switzerland where can i get cleocin best place buy viagra online generic propecia pris licensed pharmacy protonix cafergot buy lasix boots metformin online from usa what is accutane therapy us online pharmacy no prescription oxytrol vasotec 100 review how to buy nolvadex in australia coumadin toxicity inr lotrisone online usa malegra dxt where to get lasix from europe top 10 online tinidazole sites norvasc dosage 2.5mg cheap celexa 100 mg buy cheap sinequan buy alphagan online canada no prescription 100 mg betnovate cost of isoptin without insurance pharmacie de garde lausanne viagra super active mg order chloramphenicol prescription only saw palmetto rxlist precose 25 mg tablets buy brand brand cialis revia generic name how to use clomid after a steroid cycle buy lipitor tablets medicine cholestoplex online pharmacy retin-a ge express canada the purple pharmacy los algodones mexico max wellbutrin dose order tinidazole no prescription buy aciphex 20 mg where can i purchase beconase aq is it safe to use online pharmacy best site to buy wellbutrin sr protonix 20mg tab lady era shipping overseas taking 2 diflucan pills zovirax cream australia ayurslim drugstore.com elavil 20mg tab synthroid cost cvs levitra us sales drugstore trihexyphenidyl information where can i get some wellbutrin what class of drugs is clonidine order mirapex cheap pictures of digoxin pills finax suppositories buy valtrex dosage recurrent herpes labialis benzac ac 2.5 price in india india buy lotrisone dose purchase kamagra chewable pills buy imuran new zealand online order allopurinol all rights canadian prescription flagyl used alternative medicine to femara cheapest viagra plus in the uk uroxatral tablets 10mg allegra without food mail order accutane erexin-v discount voucher buy food online with paypal order cialis sublingual online no prescription with a amex female cialis pharmacy coupons betamethasone ointment online buy prednisolone online no prescription usa propranolol canada prescription kamagra oral jelly visa what is inderal tablets used for purchasing revatio online shelf life of cephalexin 500mg herpes outbreak treatment valtrex dosage bactrim lawsuit settlements buy amitriptyline usa beta blockers online pharmacy levitra generic do i need a prescription for alesse hong kong buy combivent inhaler online drug market order revia order elocon cream 0.1 eczema can you mix doxycycline and alcohol aricept price increase canada usa mexico alliance buy results rx skincare no rx zebeta online zetia price in canada can you get diflucan otc urispas to buy in england aciclovir creme mylan terramycin drug schedule cefadroxil online in usa flomax generic cost without prescription premarin dosage forms norvasc para que se usa actos combination therapy clozaril buy online ireland plavix generic equivalent buying innopran xl from canada no prescription revia order online buy chloramphenicol usa what is silagra pills used for exelon online legally fucidin sale generic rumalaya us innopran xl overnight pharmacy where do i levaquin in mexico what does synthroid 100 mcg look like albendazole syrup for children lee ann drugs 33139 rogaine 5 shop net chloroquine where can i buy it how to take brahmi powder for memory exelon reviews for men keflex 250 mg capsules drugs online no prescription canada crestor side effects canada what do claritin pills look like research grade bactroban diovan hct generic available long term side effects of atorlip-20 prilosec over the counter dose hyzaar 100 24 for sale clomid men fertility overseas pharmacy no prescription zyrtec dilantin to buy from europe lynoral shopping generic retino-a cream 0,025 us where can i get mentat ds syrup online pharmacy no prescription needed zanaflex acheter requip lamictal 100mg effects biaxin pharmacies in reviews on brahmi amla hair oil obagi tretinoin 05 reviews revatio 20 mg tid tricor 100mg cheep purchase sertraline no prescription ventolin hfa uses buy effexor xr 75 mg pharmacies salbutamol combivent inhaler lipothin to purchase without a prescription buy remeron 20 side effects of brahmi oil zoloft dose buy levaquin 500 mg viagra super active from canadian pharmacy donde conseguir acai berry en costa rica erythromycin base 250 mg nhs cost simvastatin cyproheptadine weight gain adults aleve on line purchase what is parietal lobe function
Home All Articles The Curse of Ex-Wrigley Field

Like Shoot to Thrill - An AC/DC Tribute on Facebook!

An authentic tribute of AC/DC that covers the best of the Bon Scott era and the best of Brian Johnson's material

Who's Online?

We have 970 guests online

Atom RSS

The Curse of Ex-Wrigley Field PDF Print E-mail
User Rating: / 5
PoorBest 
Articles & Opinion
Written by Maury Brown and Kurt Hunzeker   
Tuesday, 04 March 2008 11:14

A Biz of Baseball ExclusiveThat loud crashing you hear is the sound of two worlds colliding. One of those worlds is Sam Zell’s, the now-owner of the Tribune Co. who happens to own the Chicago Cubs and Wrigley Field. The other is the reality that might possibly await the future of the Cubs and Wrigley depending on what the next move is by Zell.

As covered before, Zell is in a bit of a cash flow situation, and has foisted out decoupling Wrigley Field from the Cubs with the intent on garnering more revenues by selling off the two separately than he could as a single package.

Into this mix is the state of Illinois, who has been approached about purchasing Wrigley. The Illinois Sports Facilities Authority, the extension of the government considering the purchase, has said that they will make a bid on Wrigley next week.

Former Governor James Thompson, who now heads the ISFA, is already hedging his bets on how much the bid will be, until he knows exactly how much it will cost to upgrade Wrigley.

It’s a bit of a Catch-22.

You see, to pay off the construction bonds for improvements, the ISFA will look to rent payments from the new would-be owners, along with the revenues from a naming rights deal for Wrigley. It is that naming rights deal that needs a closer look.

Sam Zell has said that he should be able to selling the naming rights to Wrigley for as much as $400 million over $20 years, a deal that would match Citigroup’s deal with the Mets’ new stadium as the largest payout for a naming rights in US pro franchise history.

As a secondary naming-rights deal, it would be unparalleled.

And therein lies the problem.  A $400 million secondary naming-rights deal?

Select Read More to see the rest of this original article along with details on what a secondary naming rights deal at Wrigley Field should be worth

Citi is already feeling internal and external pressure about its annual $20 million payment to the Mets, considering the company’s plummeting revenues amid the current subprime/credit crisis.  But at least Citi has its name attached to a brand new ballpark; no one can call the venue by any other name.

The same cannot be said on the north side of Chicago. Zell’s $400-million dream not only goes completely against second-hand naming-rights diminished value equation, The Busch Corollary, but completely against common sense as well.

Outside of officially signing William Wrigley Jr. & Company to a naming-rights deal (no chance), Zell will have a near-impossible time convincing a would-be rights-holder that this is a good business decision.  He will focus on brand recognition, national media coverage, a (predicted) on-field title contender and a number of ancillary benefits within the naming-rights package.

But what he will (or at least, should) completely ignore is the obvious: no one – anywhere – will call the Cubs’ new home by any other name other than Wrigley.

Hyatt Field?  Gatorade Field?  State Farm Field?  Blue Cross Blue Shield Field?

None of them work.

When even a mathematical theory (that accepts Zell’s appraisal price of $20 million per year) suggests that the diminished value of Wrigley Field’s secondary naming-rights deal is a staggering 276 percent (see below), Zell is dead-set on splitting the two core assets and believes someone will pay up hundreds of millions to him…before he turns over control (i.e. the headaches) to the state of Illinois.


pv &  po = Price valued and offered is $20,000,000 annually

n = The ballpark has had three (3) names: Weeghman Park, Cubs Park and Wrigley Field

y = Ninety-two (92) years have passed since the ballpark opened in 1916

 

dv = po / [(pv / n) / y]

 dv = $20,000,000 / [($20,000,000 / 3) / 92]

 dv = $20,000,000 / [$6,666,667 / 92]

 dv = $20,000,000 / $72,463.77

 dv = (276%)


 

Instead of destroying any and all positive PR with one of baseball’s most passionate fan bases, Zell should look due east and see what the Red Sox’s owners are doing with Fenway Park.

With yesterday’s announcement that the Red Sox extended its partnership with Coca-Cola through the 2017 season, Fenway’s proprietors are finding new and lucrative ways to add seats and sponsor-branded sections to venerable Fenway Park, while maintaining the heritage and feel-good nature of the ballpark.

Cubs’ fans are already dealing with curse from goats and overzealous foul-ball lovers…the last thing they need as the team nears a full century of non-championship baseball, is a self-inflicted, karma-killing move by its temporary owner.

Sam Zell probably doesn’t give a, “Holy Cow!” about any of this. His position centers around making a sale, or sales, and getting the maximum in return. He will be, ostensibly, washing his hands of the Cubs and Wrigley, and walking away. While that might be Zell’s prerogative, it doesn’t bode well for the future of the franchise – a franchise steeped in history that has been sorely underutilized to this point. We hope can all hope that some method that will allow what is being done with Fenway can be done with Wrigley. As it stands now, the future is as fuzzy as Zell’s math used to extract a $400 million naming rights deal.

The Curse of Ex-Wrigley Field will be impossible to dispel.


Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is also a contributor to Baseball Prospectus, and is available as a freelance writer.

Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network

Kurt Hunzeker is a staff member of the Business of Sports Network. He is the former editor of the Team Marketing Report, and the founder Sparts Marketing (www.spartsmarketing.com), a sports-centric design and consulting firm where sports, art and marketing fuse together to create award-winning campaigns, unique brand identities and innovative sponsorship platforms.

He, as well as all other authors on The Biz of Baseball can be contacted through the Author Profiles page.

 
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?