Wednesday, April 22, 2009

Buy a stake in the Cubs...


...for only $25 million. From the Sun-Times...

"Chicago financier Thomas Ricketts, who plans to buy the Chicago Cubs for about $900 million, could raise about $100 million by selling limited stakes in the team, a source said Monday. The insider said Ricketts might offer preferred shares in the Cubs for about $25 million each. They could carry a guaranteed dividend but no say in management. Possible benefits include front-row seats and the chance to meet players."

$25 million for front row seats? That's face value.