southsider2k5

I get it, but it is a waste of time for people to pretend they want to meet Ron Kittle again. Just be honest. They are bitter and angry and want someone to yell at. No one cares about the kids baserunning session.

I don't see nearly the negativity from the outside sources. I am curious to see this kid play a full season of ball so that we can start to sort through whether this is a faction bitter over losing on draft day, or if he really is a pre-made bust.

Let's be honest here, the whole reason the fan base is upset about no Soxfest is they want the opportunity to yell at someone. The rest of it is a far 2nd place.

As soon as I saw this in all caps, my first thought was "please no, don't be that stupid"

And never, ever, never sing. Ever.

Honestly? I would be SHOCKED if those rights were a part of the team rights. Seems like something a real estate mogul would want to keep in the family.

If he has a 70 arm, but is talked about as a 1B, that must mean he either can't move, can't catch, or both.

Meh. We'll see I guess.

These things are all known. Again, if negotiations have gotten this far, do we really think that the City and/or JR (who literally made his million in real estate) don't know any of this? If this stuff was a deal breaker, they wouldn't be talking about it, still.

Well that could explain a lot.

As does the entire metroplex in between. It's basically one city.

That either has to be intentional, or a clueless intern put that together.

HE'S DEAD ALREADY STOP BEATING HIM!

Is someone out there buying tickets because we might be building a stadium in years?

With gregs record of being wrong rivaling TLRs, this is very exciting to see.

This thread got the name wrong, it is actually CALLO.

Didn't you just say he did exactly this with the UC by financing 98% of it?

Like I said, there is literally zero downside to his taking on debt to finance the stadium in the ownership group. He won't be around to pay it, and once the team gets sold, neither will his kid. Obviously he tries to get the best deal possible still, and pay as little as they can, but he is literally not going to live long enough to care.

He's never operated this way because he has never built a new stadium at 90 years old before. The man is not stupid.

Like I said, he can come up with whatever plan he wants. The man is 87. The 2030 season is six years away. If he puts together a plan that starts with the building of a stadium in 2027, he would to be 90 when the first payment is made. If the repayments start with the opening of the stadium he will be 93, if he is still around for that. So if the man puts together a plan for the ownership group to repay $500 million, or even a cool billion dollars, how many of those checks do you think Jerry would actually sign? The other side of the coin is once he does die, his estate get a minimum of 20% of the selling price franchise, probably more if the rumors of his buying up old ownership shares along the way are true. As of the last Forbes report the Sox are worth $2.05 billion. With as few teams as have gone up for sale recent, and how far over that Forbes price they go for, this could well add hundreds of millions to the final asking price. If it adds $500 million, that is at least an extra hundred million to Michael and the family, without having to pay for it. If they push this to a $3 billion valuation, that is $600 million in cold hard cash, all while not paying for a thing to do with the new stadium, or very, very little of it. The guy is literally pushing hundreds of millions of dollars to his family playing with other people's money to pay for it.

And if he puts some leverage into it, so what? It's going to be a long term deal that he may never actually pay a dime off of, yet will fully profit from when the team gets sold after his death. He's still playing with OPM with his age as a factor.

The difference is Jerry is the only guy in Chicago to build an entirely new major sports stadium since 1929. He's actually gotten what he wants in the past, and it currently sitting at the table to do it a third time. Pretty sure you have never bought an LSD penthouse.

He's already negotiating this with many of the same people who would be involved on 35th, so kind of hard to create leverage when you know both sides.

This is a good point. Don't forget before Jerry came along and got a stadium built and paid for, no one in baseball had built a new stadium since the early 70's. He might have screwed the pooch on the design by being first and not seeing what the future looked like, but he sure as hell got the best possible deal. If the reporting of his interest in this project is accurate, it means he is going to make a metricfuckton of money on it, otherwise he'd still be sniffing around other places, or wouldn't be looking at it. If it was a better deal to stay on 35th, he wouldn't be negotiating.