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Should The Sox Buy the Old Post Office For A New Stadium?


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QUOTE (southsider2k5 @ Dec 31, 2014 -> 03:18 PM)
The station gets the subscriber fees and advertising.

 

The Sox get the broadcast fees.

 

If the Sox broadcast fees go up, the amount left over from the subscriber fees and advertising goes down. They get more upfront, but less from their ownership in CSN. And they will be robbing the Cubs and Blackhawks to do it.

 

This isn't like other cities where either the partnerships were set up as a part of the broadcast rights, or they are getting a big check from a new network. JR already owns 40% of the network.

No. The sox own 20 pct. the bulls own the other 20. Jerry may control the partnership, but he does not have thatch equity in the enterprise.

 

Big difference

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QUOTE (WBWSF @ Dec 31, 2014 -> 02:57 PM)
1) If they would of built the Cell at Roosevelt and Clark, we wouldn't be talking about building a new stadium for the White Sox. The City of Chicago wanted to build the stadium in the South Loop. JR wanted to move to Addison/Dupage County. When Addison didn't work out, they wound up at its present location. The City of Chicago withdrew the South Loop offer and the white Sox got stuck building a stadium where it should not of been built. A terrible move for the White Sox.

2) Anybody who thinks the government won't build another stadium for the White Sox is wrong. As long as there is money to be made, a new stadium is a possibility. Keep in mind the City is building a new arena for Depaul, who nobody cares about. Mayor Daley was going to build an Olympic Stadium for the Olympics which would of cost upwards of $300 million dollars. The city was then going to knock it down after the games were over with.

3) I wouldn't be surprised to see Rocky wirtz buy the White Sox. He's one of the investors

Harold Washington made a deal with jim Thompson to keep the sox in armour square. The city did not want the sox in the south loop. Especially when they saw how expensive the infrastructure costs would be.

 

Cost that have already expanded ten fold.

 

Oh, and rocky wirtz does NOT own a slice of the sox. He owns part of the bulls. Sam zell is a sox investor.

Edited by ewokpelts
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QUOTE (ewokpelts @ Jan 1, 2015 -> 06:36 AM)
No. The sox own 20 pct. the bulls own the other 20. Jerry may control the partnership, but he does not have thatch equity in the enterprise.

 

Big difference

 

When it comes to the White Sox, every dime that comes out of CSN is less money going to the White Sox.

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QUOTE (ewokpelts @ Jan 1, 2015 -> 07:36 AM)
No. The sox own 20 pct. the bulls own the other 20. Jerry may control the partnership, but he does not have thatch equity in the enterprise.

 

Big difference

Very interesting discussion. So any guesses as to what happens after 2019, after the Cubs terminate their involvement with CSN and move to their own regional sports network? Do the Sox continue on with CSN, and do they benefit by potentially increasing their % ownership due to the Cubs departure?

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QUOTE (Thad Bosley @ Jan 1, 2015 -> 10:01 PM)
Very interesting discussion. So any guesses as to what happens after 2019, after the Cubs terminate their involvement with CSN and move to their own regional sports network? Do the Sox continue on with CSN, and do they benefit by potentially increasing their % ownership due to the Cubs departure?

Really tough to predict since still so far out. 2019 to now is like now to pre 2009-season. The media environment has completely changed since then, who knows what these contracts will look like in 5 more seasons. No one in 2009 predicted the kind of TV Money the Dodgers and others would start getting.

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QUOTE (Thad Bosley @ Jan 1, 2015 -> 09:01 PM)
Very interesting discussion. So any guesses as to what happens after 2019, after the Cubs terminate their involvement with CSN and move to their own regional sports network? Do the Sox continue on with CSN, and do they benefit by potentially increasing their % ownership due to the Cubs departure?

 

Why would the Cubs sell their 20% though? Unless there is a provision in the contract that they must keep some games on CSN.

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QUOTE (Balta1701 @ Jan 1, 2015 -> 10:14 PM)
Really tough to predict since still so far out. 2019 to now is like now to pre 2009-season. The media environment has completely changed since then, who knows what these contracts will look like in 5 more seasons. No one in 2009 predicted the kind of TV Money the Dodgers and others would start getting.

True, but I still wonder what the long term thinking of the ball club might be on the matter. Going back to the Cubs for a moment, they've been pretty clear of their intentions post-2019. They've already kicked WGN to the curb, more or less, and there have been many reports about their goal of creating their own regional sports network, a la the Yankees, Dodgers, etc., once the CSN contract is up. A lot will change between now and five years from now that will impact what the Cubs are trying to achieve, but at least there's some sense of the direction in which they're going. And so that's my only question, just wondering what the Sox' long term TV intentions might be or could be, given what we know today.

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QUOTE (LittleHurt05 @ Jan 1, 2015 -> 10:20 PM)
Why would the Cubs sell their 20% though? Unless there is a provision in the contract that they must keep some games on CSN.

There are all kinds of reports out there that the Cubs will leave CSN after 2019. Some reports mention them potentially teaming up with FOX Sports to create their own regional network. There was even talk of them punting the WGN portion of their schedule over to the local FOX affiliate, WFLD-TV, in advance of that plan. That didn't happen, as the Cubs recently gave a big portion of the WGN schedule to Channel 7. But one way or another, it would appear as of today they will no longer be broadcasting on CSN after 2019. My assumption then, and I could be wrong, but no games = no 20% ownership, meaning if they walk away from CSN they'd probably sell their 20% back.

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QUOTE (Thad Bosley @ Jan 2, 2015 -> 03:29 AM)
True, but I still wonder what the long term thinking of the ball club might be on the matter. Going back to the Cubs for a moment, they've been pretty clear of their intentions post-2019. They've already kicked WGN to the curb, more or less, and there have been many reports about their goal of creating their own regional sports network, a la the Yankees, Dodgers, etc., once the CSN contract is up. A lot will change between now and five years from now that will impact what the Cubs are trying to achieve, but at least there's some sense of the direction in which they're going. And so that's my only question, just wondering what the Sox' long term TV intentions might be or could be, given what we know today.

 

the inner thinking of anyone for something in excess of 5 yrs will be hard. esp with the

current ownership of both teams. the time to make that move would have been last yr

or before they signed the contract with csn and kick wgn to the curb.

 

but it would be nice reading for me and others when the posters who knows how this

investment ideas will play out.

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QUOTE (Thad Bosley @ Jan 2, 2015 -> 03:38 AM)
There are all kinds of reports out there that the Cubs will leave CSN after 2019. Some reports mention them potentially teaming up with FOX Sports to create their own regional network. There was even talk of them punting the WGN portion of their schedule over to the local FOX affiliate, WFLD-TV, in advance of that plan. That didn't happen, as the Cubs recently gave a big portion of the WGN schedule to Channel 7. But one way or another, it would appear as of today they will no longer be broadcasting on CSN after 2019. My assumption then, and I could be wrong, but no games = no 20% ownership, meaning if they walk away from CSN they'd probably sell their 20% back.

i am sure there would be some provision of how that will be done and esp the cost.

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QUOTE (Thad Bosley @ Jan 1, 2015 -> 09:01 PM)
Very interesting discussion. So any guesses as to what happens after 2019, after the Cubs terminate their involvement with CSN and move to their own regional sports network? Do the Sox continue on with CSN, and do they benefit by potentially increasing their % ownership due to the Cubs departure?

I have been told that the sox have right of first refusal on the cubs portion of csn Chicago. When( not if) the cubs bolt to a FSN or even an ESPN local rsn, the sox could profit even more on the move.

 

That said, I doubt the hawks follow the cubs to a new station. Rocky considers jerry a mentor as well as a friend, and they have had a fantastic partnership in the united center. Plus, csn is in practically every Chicago cable home, where there are no guarantees the cubsnet will have the same carriage. Look at the dodgers and Astros for that.

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QUOTE (Thad Bosley @ Jan 1, 2015 -> 09:38 PM)
There are all kinds of reports out there that the Cubs will leave CSN after 2019. Some reports mention them potentially teaming up with FOX Sports to create their own regional network. There was even talk of them punting the WGN portion of their schedule over to the local FOX affiliate, WFLD-TV, in advance of that plan. That didn't happen, as the Cubs recently gave a big portion of the WGN schedule to Channel 7. But one way or another, it would appear as of today they will no longer be broadcasting on CSN after 2019. My assumption then, and I could be wrong, but no games = no 20% ownership, meaning if they walk away from CSN they'd probably sell their 20% back.

If I were to put money on it, I'd wager the sox stay where they are.

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QUOTE (LittleHurt05 @ Jan 1, 2015 -> 09:20 PM)
Why would the Cubs sell their 20% though? Unless there is a provision in the contract that they must keep some games on CSN.

Simple. Ricketts gets paid handsomely. And he can use that money to buy down dept or finance the wrigley project.

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