Despite Lockdown, MLB Teams Gain Value In 2020

[MrTop]

https://www.forbes.com/sites/mikeoz...wn-mlb-teams-gain-value-in-2020/#67c1290b2010

Even in times of economic turmoil, an investment in a Major League Baseball team is a sure bet.
Major League Baseball has seen this play before: A global calamity spreads fear and panic. Equity values plummet. The future gets scary.

And prices for the most valuable teams in the league hold their lead.

No one knows this better than the billionaire Ricketts family, who bought the Chicago Cubs from Tribune as the great recession was coming to an end, the year after the S&P 500 Index fell 37%.

 

[John Kelly]

A shrewd purchase by the Ricketts family.

Wrigley Field and the surrounding area is so impressive now compared to 10 years ago.

Of course, the consumer pays for the progress/development.

Parking lots closest to Wrigley Field charge $50 per vehicle.

 

[FairWarning]

A shrewd purchase by the Ricketts family.

Wrigley Field and the surrounding area is so impressive now compared to 10 years ago.

Of course, the consumer pays for the progress/development.

Parking lots closest to Wrigley Field charge $50 per vehicle.

That was roughly the going rate before the Ricketts came to town. The difference is the Ricketts Family gets it and not the McDonalds on CLark, the seminary and body shop on Addison, etc.

 

[Wade]

Only a fool would pay $50 for parking. I've never paid for parking in my life.

 

[bomzee]

Only a fool would pay $50 for parking. I've never paid for parking in my life.

You are not from NYC area.

 

[John Kelly]

That was roughly the going rate before the Ricketts came to town. The difference is the Ricketts Family gets it and not the McDonalds on CLark, the seminary and body shop on Addison, etc.

Interesting.

I was unaware of that situation.

 

[FairWarning]

Interesting.

I was unaware of that situation.

Night games were the worst. You couldn't park on the streets unless you had a LV neighborhood sticker. I use to park around Belmont and Racine as it was just out of the LV neighborhood, then hit Sheffield to North, to 90/94.

 

[Wade]

You are not from NYC area.

And I would never want to go there.