Zell Continues to Piss Off Cubs Fans

Tribune Co. CEO Sam Zell’s plan to sell the Cubs and Wrigley Field separately is driving down the value of the team, some observers say.

To entice real estate investors to bid on Wrigley, Mr. Zell estimates an owner of the park can charge the Cubs $25 million a year, a sum considerably higher than rents for comparable teams.

Mr. Zell is trying to squeeze every dollar he can out of a sale of the Cubs and its 94-year-old ballpark.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in