The Chicago Cubs Business Analysis

In the article “Fans of the Chicago Cubs and Cleveland Indians have waited a lifetime -- or more -- to see their teams win championships” by Chris Isidore, Chris states that people have waited more that whole lifetime to see their team go to the World Series and the prices are out of this world. The price is $3900 for only one ticket and parking for one car, and that is only for one

After more than two decades of waiting for what seemed to be a never ending

After spending a year at cozy Wrigley Field it seated capacity 20,500 people and four seasons as tenants at Dodger Stadium, the Angels

The club played its first games in 1870 as the Chicago White Stockings, before officially becoming the Chicago Cubs for the 1903 season. The Cubs are the oldest currently active U.S. professional sports club, continuously existing in the same city for their entire history. They are one of the two remaining charter members of the National League (the other being the Atlanta Braves). Since Chicago did not have a fully operating White Stockings team for two seasons due to the Great Chicago Fire, differences continue to be voiced when considering the

Despite raising ticket prices in 2014 and again in 2015, the Pirates still offer one of the most affordable ticket prices in MLB. Through a 20 game losing season and a declining attendance, the Pirates kept their ticket prices steady. Only until the first winning season in 20 years and the first playoff appearance since 1992, have the Pirates decided to increase ticket pricing. In 2014, the Pirates started to adopt new tiered pricing similar to what other MLB teams have introduced.

Like you I also wrote about the Yankees and the constant increasing prices for professional sports. The new Yankee Stadium cost $1.3 billion dollars and the average ticket will be approximately $72 dollars. There are 50,287 seats in the new stadium that equals $3,620,664 dollars per game or $296,894,448 dollars per season just in ticket sales. It is crazy what we pay to follow the teams we pull for. Like you said with the Memphis Grizzlies ticket prices high in any professional sport. Thanks for your post!

From the grave I can hear Harry Carey saying ”Cubs win! Cubs win!” but the reality is that we will be saying “Maybe next year.” again. I have been an enormous Cubs fan since I was six years old. I attend two games every year, and I attempt to watch every game they play. This year they are one of the best teams in the MLB their record is 100-56, as of September 27, 2016, the Cubs seem like they are capable of winning the World Series. My desire is for the Cubs to win, however, I doubt they will be victorious. The Cubs will not win the world series because the stats are against them, the team is still inexperienced, and the superstitions get into the heads of the fans and players.

Summary: The author who wrote this article is Arthur (2016) and he talks about the Cubs winning their first title in 108 years. He describes his emotions when the Cubs won the final game. For example, “The first thing I did after Chicago won was call my dad, Tom Arthur”. (Arthur, 2016, p. 1). He created this source to tell people how he was feeling and what his emotions were like after his favorite team won the World Series. People are more likely going to read this article because most people in the United States were cheering for the Cubs. A lot of people were feeling the same way this author was going though. The audience would be any Cubs fans or anyone who likes to these kind of stories. Another type of audience would

Due to the high costs the goal of breaking even is a large task. At current product prices a profit of $53,676 can be expected. This is total by 21,582 who will at least attend one game. Next we can assume that amongst that population of 21582 54% would be interested in going to one game, 28% interested in at least 5, 13% would be interested in half season and 5% in full. Of the 54% who will attend one game 80% would pay $10.

Proponents of subsidizing sports stadiums is a great decision because the economic impact it will have on the community is great for two main reasons. First, sports stadiums are massive construction projects. In fact, one could compare them to a medieval cathedral in their attempts to dominate a skyline and inspire pride in one’s city And, just like these cathedrals, they are very expensive, and massive building projects that would require many years of hard painstaking labor. For example, the proposed stadium for the Los Angeles Rams in Inglewood, California, was predicted to cost $3 billion and add 22,000 construction jobs to the economy of Los Angeles, California. Although construction jobs do eventually disappear once a stadium is constructed once the games begin, so does the massive consumer spending. For example, more than 3.5 million people saw the St. Louis Cardinals play at Busch Stadium in 2015.

The fans that come to watch the athletes and who pay nearly $20 to get in the ballpark are padding the pockets of these owners. Statistics taken from online site http://cnnfn.cnn.com/2001 /03/30/news/baseball/ show that baseball ticket prices have gone up from $16.67 to $18.99 in just one year. A quote from the same online site http://cnnfn.cnn.com/2001/03/30/news /baseball/ wrote by Chris Isidore says, "Baseball fans going through the turnstiles on opening day across the nation Monday will be paying about 13 percent more than they did last year, according to a survey of prices…The increase makes baseball the sport with the fastest growing prices." Baseball in the United States is no longer America's Pastime. Baseball has changed to a high priced business, where average players make millions and above average players make tens of millions. To make the situation even worse, the dumbfounded owners and greedy sports agents who contaminate the game and the talented young athletes playing in it, control this business.

William Wrigley Jr. Company is exploring whether it is optimal to recapitalise with taking on $3 billion of debt. Three options are revised; borrow and repurchase shares, dividend payouts or continue to function with full equity. Debt will provide a tax shield of $1.2 billion given the tax rate is 40%, this should increase the market share price to $61.53 per share. The viable method for the company is to utilize this debt to repurchase shares. The will not only increase Wrigley’s market value, via the debt shield, but also signal to market that management believes Wrigley’s is undervalued, something the dividend payment won’t achieve.

In an article on the Bloomberg Business website, the Green Bay Packers are described as "a historical, cultural, and geographical anomaly, a publicly traded corporation in a league that doesn’t allow them, an immensely profitable company… a franchise that has flourished despite being in the smallest market in the NFL” (Greenfeld). Personally, I believe that the NFL should allow other teams to operate in this way. There are many benefits to this type of arrangement, all of which lead to closer bond between fans and their hometown teams. That being said, I do not believe it would be possible to create this arrangement in the present day, even if it were allowed.

May 13, 2013- A day that will go down in history as one of the most devastating days for fans of the Toronto Maple Leafs. After an 113 day lockout at the beginning of the season, the Leafs made the playoffs for the first time in 9 years. They were playing the Boston Bruins in the first round and made it all the way to game 7. Leafs fans around the world were glued to their TV 's as they watched their team build a seemingly impenetrable 4-1 lead with 15 minutes to go in the third period, all they had to do was hang on to it… The Bruins added a second goal with 9:18 remaining, and then the unthinkable happened. In the span of thirty-one seconds, Boston netted their third and fourth of the game to tie things up with only seconds remaining, sending the game to overtime. There 's nothing more exciting and nerve wracking than Game Seven overtime, but unfortunately for the Toronto Maple Leafs, their dreams of winning the cup were once again extinguished. They added another year since the last time they won the coveted Stanley Cup: 46 years and counting (now up to 48 years in 2016)-the longest drought without a Cup for any NHL team in history. Yet even with such a long drought without a cup, Maple Leaf fans remain some of the most loyal and dedicated in all of professional sports. The team also brings in some of the highest revenues in all of the NHL. How can a losing team be one of the most profitable? This paper will examine the case of the Toronto Maple Leafs from a number of

Chinese may choose to satisfy their sweet tooth with dried and preserved fruits or some other traditional sweets. Also gums may be replaced by tooth brushing or mouth sprayer, etc.