Ricketts looking at options for Wrigley financing - FOX 10 News | fox10phoenix.com

Ricketts looking at options for Wrigley financing

Posted: Updated:
CHICAGO (Associated Press) -

By JAY COHEN AP Sports Writer

Cubs owner Tom Ricketts says the team is examining all options for financing the renovation of Wrigley Field, including bringing in outside investors for the franchise.

Ricketts says potential investors would receive non-controlling, minority shares, and there is no reason to be concerned about the financial state of the club.

Ricketts made his remarks before Friday's home opener against the Philadelphia Phillies. The Cubs are celebrating this season's 100th anniversary of Wrigley Field.

The cozy neighborhood ballpark is one of baseball's most popular fields, but it lacks many modern amenities that are common around the majors. Plans for a $500 million overhaul of Wrigley and the surrounding area are on hold.

The Ricketts own 95 percent of the Cubs, with the Tribune Co., which sold the team to the family, owning the rest.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Follow Us!

Share Your Sports Photos & Video

Submit Your Sports Photos

Share Your Photos & Video

  • SportsMore>>

  • Preview: NFC North has potential for plenty of points

    Preview: NFC North has potential for plenty of points

    Friday, August 22 2014 12:30 PM EDT2014-08-22 16:30:05 GMT
    From stars Aaron Rodgers, Adrian Peterson and Calvin Johnson to up-and-comers Cordarrelle Patterson, Alshon Jeffrey and Eddie Lacy, with standouts like Reggie Bush, Brandon Marshall and Randall Cobb somewhere in between, the NFC North could probably field a Pro Bowl offense all by itself.
    From stars Aaron Rodgers, Adrian Peterson and Calvin Johnson to up-and-comers Cordarrelle Patterson, Alshon Jeffrey and Eddie Lacy, with standouts like Reggie Bush, Brandon Marshall and Randall Cobb somewhere in between, the NFC North could probably field a Pro Bowl offense all by itself.
  • Cutler thinks Santonio Holmes can be good fit

    Cutler thinks Santonio Holmes can be good fit

    Friday, August 22 2014 12:20 PM EDT2014-08-22 16:20:46 GMT
    Chicago Bears quarterback Jay Cutler thinks wide receiver Santonio Holmes can be a possible solution for the team's problems at the third wide receiver spot.
    Chicago Bears quarterback Jay Cutler thinks wide receiver Santonio Holmes can be a possible solution for the team's problems at the third wide receiver spot.
  • Time for starters to get look as Hawks host Bears

    Time for starters to get look as Hawks host Bears

    Friday, August 22 2014 12:18 PM EDT2014-08-22 16:18:42 GMT
    All James Carpenter wanted was to be able to run. That seems an odd wish coming from a 6-foot-5, 321-pound offensive lineman.
    All James Carpenter wanted was to be able to run. That seems an odd wish coming from a 6-foot-5, 321-pound offensive lineman.
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices