famvir 1000 mg order alli online buy buy cytotec uae orlistat guidelines buy acticin in ireland what is acai extract used for requip drugs online purchases generic viagra cipla buy premarin paypal accepted viagra professional buy on line street price dilantin premarin billig kaufen noroxin norfloxacin tablets apple discount drugs clinton endep 10 mg buy revia without a prescription from canadian pharmacy is there a generic form of benicar elocon cream over the counter original artane online cleocin brands india buy erection packs 1 with ordering ampicillin what is hydrochlorothiazide 25 mg for chloramphenicol eye drops price seroquel in croatia meclizine 10 mg roxithromycin tablets ip 300 mg can you get lisinopril over the counter neurontin 100 mg 20 capsule round gray pill abg 100 how long does it take for asacol to start working viagra professional generic mexico buy frumil generic safe place order lynoral benadryl now comprar clonidine portugal american suprax singulair discount medications side effects of trandate 200 mg best place to buy arimidex in india rumalaya forte pills drugstore lov cost erexor most reliable place to buy zyvox online what does casodex look like coumadin on line for sale no script esomeprazole tablets or capsules buy cardizem cd online what is plendil used for buy vermox capsules ranitidine 150 mg tablet side effects buy amoxil 500 250mg prednisone shortage june 2012 yasmin discount buy accutane online where lipitor 40 mg cost purchase claritin d online cialis price in uae buy toprol xl 80 mg online what does deltasone doo drugstore band london bentyl without rx does methotrexate cause you to gain weight is there a generic for bactroban nasal ointment fast hydrea deleviery best generic evista sites acne medication similar to differin best online meds no prescription billig calan online kaufen buy dipyridamole astrailia buy cheap allegra using pay pal pharmacy support technologies inc erexin uk zithromax from purchase advair diskus 250mcg 50mcg pharmacy cost of hgh injections for weight loss finpecia online altace with no rx tenormin overnight shipping cheap combivent uk buy how many claritin tablets to take valtrex generic canada generic low price fluoxetine uk most reliable place to buy lopressor online zoloft maximum dosage anxiety triamterene without a prescription is micardis available over the counter is it illegal to order generic zetia lamisil ordering online pharmacy is it safe to buy tadalafil online cloridrato de ciprofloxacina bula we are young youtube long time side effects arava where to buy elimite in canada safely buy cleocin gel online cheap valtrex pills side effects what is remeron good for leukeran usa purchase synthroid 200 tablets cost of lamictal in canada how to order minocin online cheap tenormin sale uk buy fertomid with no rx research grade deltasone generic probalan buy canada purchase plendil 5 mg costo de dostinex en mexico 100mg clomid iui twins actonel results forum reglan no prescription compare prices vermox discount canadian mebendazole cefadroxil usa cvs prices resources for inderal methotrexate canada overnight delivery viagra patent expiration dates ophthacare sale imitrex coupon card buy avalide in india online buy revatio with new allies transport buy olanzapine patch otc generic for prevacid antiboitics for chlamydia online colchicine weight gain order minocycline medication by mail lozol usa safe drugs for depression and anxiety buy prazosin online cheap generic saw palmetto pills that make you get hard elavil dose for chronic pain viagra free samples canada lopid discount medications tamoxifen echeck generic liv 52 suprax from usa pharmacy how much does lexapro cost without insurance delmar;s pharmacy technician certification exam review online digoxin pills vytorin generic version haldol delivery doxycycline dose for canine kennel cough buy cheap reglan using pay pal desyrel canada head office what is atorlip-10 pills used for ventoline pour homme buy zyloprim no prescription fast delivery cipro prescriptions india pharmacies online that sell tetracycline thailand government closing online pharmacies singulair discounted cialis 20 mg cut in half bactroban costco what is flovent hfa 220 mcg lisinopril 40 mg pharmacy generic brand cialis for sale on line buy arava australia the road to competitive generic drug prices in canada alli weight loss coupon alli diet pill to buy revatio in uk xenical forums message board pariet looking for brahmi oil reviews order protonix overnight what is femcare made of januvia discounts buy viagra soft in australia omifin en hombres dosis betamethasone valerate cream where do i furosemide in uk cipro 500mg twice a day for 10 days aciclovir over the counter what date is lexapro going generic augmentin mexico no prescription where to buy unisom drugs online elimite drugs james prescription glucophage dosage instructions cordarone to buy in australia purchase apcalis sx order cialis uk american femcare caverta lawsuit canada buy viagra cialis online canada aa lithium battery price in india sildenafil citrate generic viagra amantadina vademecum.es buy meloxicam for dogs canada fluoxetine medication weight gain generic retin-a 0,05 buy canada brand levitra buy zofran pregnancy dose brand viagra cheap mexico pharmacy what does claritin d look like propecia delivery flonase in the uk lisinopril 10 mg w929 brafix pills acivir pills looking for chloromycetin billig kaufen femara generic drug us pharmacies online no prescription order ranitidine online decadron no prescription eulexin ships from india naproxen side effects nhs where to buy exelon mg spironolactone hair loss success brand viagra price buspar maximum dosage birth control pills paxil ordering fluoxetine online can you take brand cialis daily how do i get viagra benicar hct buying actoplus met from canada no prescription differin cream sale canadian online pharmacy for cozaar phenergan gel dose for children can i order zenegra no prescription in the usa nitrofurantoin wanted online review generic compazine buy canada how much is viagra tablets how to buy avapro in london taking clomid after miscarriage current price minocycline cheap haldol pills cialis professional online overnight shipping buy bystolic online canada que es kamagra gel oral can amoxil be used for uti buy cheap glycomet using pay pal levaquin over counter drug cheap actonel usa propecia roche precio argentina side effects doxycycline hyclate 100mg acne buy procardia online us no prescription buy provera in uk tretinoin cream amazon.uk buy haldol hong kong online pharmacy discount dulcolax 10 mg tablet buy mifepristone no prescription cystone for kidney stones reviews purchase lioresal pills cialis soft 120 pills buy isoniazid greece buy brand levitra 10 over the counter alternative to flomax doxazosin without prescription canada birth control pills olanzapine provera 100mg cheap buy dramamine in india online ventolin dosage for kids levothroid prix en pharmacie en france can you order astelin online prescription sumycin online usa no prescription metoclopramide annual sales anafranil for ocd dosage how much does valtrex cost what is pamelor 10 mg cheapest flagyl er in the uk donde comprar viagra generico en mexico american indian law alliance doctrine of discovery buy cheap female viagra viagra jet pfizer how to take cytotec pill buy clomiphene citrate uk online forum generic buy aristocort para que serve o remedio sertralina 50mg ordering valtrex online is it safe to order hoodia buy prednisolone online thru paypals is generic periactin effective dilantin prices rhine auto inc lopid generico italiano intravitreal triamcinolone for diabetic macular edema list of tesco stores selling probalan suppliers of avandamet in us ordering low dose cardura toradol medication guide singulair prices usa cheapest hydrochlorothiazide paypal sarafem for sale philippines amoxil chewable tablets dosage tadalafil 20mg preis side effects of ditropan xl is it illegal to order generic acticin best site get diarex genuine cleocin gel 100mg buy crestor 10 mg where can i buy flomax albenza dose children pulmicort budesonide information wellbutrin sr tablets uses cheap lithium lisinopril 20 mg 12.5 levlen for sale buy zyvox online from usa acquistare kytril in italia what is azithromycin 250mg tablets cialis daily use formulary tadalafil no prescription and bactrim flagyl 400 dosage a^??clomiphene for women in store what is keftab drugs buy bactroban ointment without prescription zocor coupon discount is there a drug comparative to methotrexate buy proscar with januvia generic wikipedia drugs can order allegra canada buy prozac fluoxetine online best generic pariet review lipitor sale ireland buy furosemide online from mexico buy furosemide without rx altace hct effects body purchase phenergan online what is lortab high like walgreens discount prescription drugs orlistat mail order india nolvadex women buy serophene 50 mg fertility malegra dxt sold over counter lipitor comprare order cymbalta online uk amoxicillin side effects rxlist injectable ivermectin for pigs canada buy diflucan online prescription billig diclofenac gel online kaufen diflucan fluconazole buy online cardizem medication where to buy teva atorvastatin canada resources for independent living inc what is the chemical formula for calcium hydrogen carbonate resources for nexium decadron discounted buy cephalexin mexican pharmacies how to identify counterfeit viagra synthroid australia pharmacy voveran sr by mail order what is effexor xr 75 kamagra without generic viagra super active india buy benfotiamine bulk phenergan where to purchase treatment of asymptomatic rectal chlamydia trachomatis is single-dose azithromycin effective sertralina prec,o 50mg best fosamax prices acyclovir cream costco online uk photos indian generics online detrol purchase mobic cheap buy cialis sublingual 40 better take synthroid levothyroxine low cost albendazole mg uk what is betapace used for where to buy anacin drugs online flagyl metronidazole 400mg levaquin to buy in australia tamoxifen mg price stromectol prescription drug where can i buy water pills nature;s bounty acai berry 1000 mg softgels reviews china viagra sale how to get viagra jelly on line buy periactin with e check fast precose deleviery canadian pharmacy online flonase lioresal online cheap where danazol can i buy clomid uk best prices cheapest levitra canadian buy clomid next day delivery azulfidine order in the us where can i buy seroquel in canada low dose topamax and birth control levitra super active roche precio argentina chi ha usato atarax purchase robaxin lowest price buy daily dose cialis ordering micronase here in canada percentage of drugs in america from mexico low cost overnight lithium amaryl diabetes med purinethol pills sweat cheapest emsam tablets uk buy aricept mg online for paxil reviews for social phobia cheap kamagra uk reviews cialis nolvadex tablet sale what does generic plavix look like where to buy zyrtec d online brand viagra from china why is there a shortage of depakote himcolin order in the us best place to buy trazodone in india lasix drug order online trust org compra viagra italy nombre de pharmacie france amlodipine simvastatin interaction 2011 sildenafil citrate buy cheap canadian on line pharmcay hydroxyzine amantadina dosis y via de administracion bactroban nasale generico viagra soft 100mg cheap avalide tablets uses can you buy zebeta online what is the correct dosage of asacol list of drugs with sulfa in them albendazole through treatment patients comprar rumalaya pela internet medrol comprare buy protonix 40 uk pharmacies online that sell cipro prednisone uk online how much will cholestoplex cost pastillas para ereccion cialis levaquin 500 mg para que sirve cheap nolvadex buy acheter kytril generic for actos 5 mg nymphomax for sale usa canada order cabgolin sale zoloft zetia pharmacy vardenafil hcl generic levitra order finpecia pill free pharmacy store software what type of benadryl is safe for dogs how fast does viagra work approved purchase cheap doxazosin mesylate dostinex delivery uk where can i order ventolin can i make naprosyn ceftin generic for levlen online cheap is trazodone a prescription drug metoclopramide cheap lisinopril buy online no prescription buy propecia in india what is aspirin drugs actos shortage 2012 tienda online viagra can you get high off motrin ib cheap valtrex online no prescription diltiazem in veterinary medicine lasuna dosage too high overnight pharmacy avalide propecia walgreens suprax 400 mg 5 tablet side effects of lopid tablets tofranil to buy in australia order estrace on line purchase fluoxetine cheap bystolic pharmacy online anxiety evecare lawsuit settlements lopressor prescription coupon brand name cialis for sale buy mycelex-g cheap viagra plus generic levitra pill shop discount code for acai atarax drug oversea buy elocon cream from canada list of tesco stores selling ditropan plendil no prescription needed buy erection pills online calan india shallaki tablets price generic form of antivert what kind of medicine is strattera lamisil terbinafine cream what is it for promethazine online order buy over the counter brand viagra online buy lipitor 80 mg online ayurslim delivery london alli coupons walmart side effects clomid success stories what is lariam medication purchasing ortho tri-cyclen online uk buy lipitor mg online for cialis for sale australia wellbutrin now co uk abana herbal medicine himalaya ranitidine over counter equivalent acheter livre d;occasion pas cher lipitor tablets price metmorfin diabetes side effects of methotrexate injection buy valium uk online zoloft no script prevacid cost amantadine in usa non prescription pletal pharmacy lopid generic viagra uk delivery generic levlen buy pharmacy has best price topamax motilium and other medication how to get biaxin drug how to get off prednisone weight obat voltaren long term side effects finasteride what does xalatan treat legal buy micronase online canada depakote without script ezetimibe mechanism of action can you get imitrex generic benfotiamine paxil online purchase sito italiano cialis betnovate cream psoriasis acheter biaxin pas cher inderal without prescription generic finast in usa purchase viagra super active mg clotrimazole and betamethasone dipropionate cream usp 1 0.05 side effects buy alligators uk canadian buy nizoral in ireland micardis 160 mg dose erythromycin cheap australia pharmacy buyers of arimidex canada mexico buy metoclopramide 10mg lasuna order in the us over the counter weight loss pills for teenagers is it safe to order cytoxan proventil brand positioning cleocin gel refills cafergot usa cvs prices order ventolin hfa fincar without script xenical roche precio colombia periactin cats side effects himplasia side effects long term use order prescription medicine online buy carafate sucralfate dulcolax dosage too high 50 advair coupon printable low acticin buy purchase progaine 5 cheap oz bentyl uses side effects mirapex side effects long term use flexeril 10mg tab protonix prescription medicine mobic price australia revatio delivery buy voveran australia claritin d online pharmacy citalopram without prescription best places to buy non persciption haldol non persciption alli is generic malegra fxt effective iv haldol max dose why was alesse discontinued what is the medication protonix for online pharmacy no prescription needed tadacip rico rico shanghai tenormin medicine used omnicef spain viagra cena srbija levothroid without prescriptions brand advair diskus costco finpecia pharmacy2home.com free coupon for eldepryl aetna rx online pharmacy where to inject methotrexate injection for ectopic danazol from india abilify brand order how can i buy birth control pill online glucotrol xl package insert is zyprexa legal in uk cipa certified online pharmacy how to use cefixime chlamydia symptoms men pics prescription cheap stromectol 6mg cheap painkillers online actonel brands india effects of low-dose prednisone on bone metabolism acquistare ciplox in italia suppliers of betnovate in us innopran xl no prescription code phone in order for pamelor advair diskus tablets us online free coupon for desyrel finpecia (generic propecia finasteride 1mg) buy imuran online usa mail-order malegra fxt where to get rumalaya forte legit viagra site retino-a cream 0,05 drug schedule levitra generic safety cheap doxycycline 100-mg capsule slimquick hoodia customer reviews motilium safe during pregnancy cialis at optum rx hydrochlorothiazide drug in canada pharmacy prograf mg buy haringey turkish pharmacy fast tretinoin 0,05 deleviery retin-a 0,025 price india generic phenergan suppositories rosuvastatin to buy in the canada without a prescription orlistat tablets purchase on line
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 566 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?