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Chicago Cubs find limited partner in Andrew Berlin
By David Miniel
Renovations on Wrigley Field are still being done despite the brutal weather that has hit the Chicago-land area over the past month or so.
Quick salute to all the workers who continue to show up day-in and day-out to make sure the project keeps moving forward.
Now just in case you missed it, a judge ruled in favor of the Cubs after rooftop owners tried to block plans on adding the ‘video board and additional signage’ in right field. As we all know, the Ricketts family has been looking for additional funding to help out with all the renovations they have in-store for this historic ballpark.
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They purchased the North Siders for a whopping $845 million just six years ago. According to the Chicago Tribune’s own Ameet Sachdev, Class-A South Bend Cubs owner Andrew Berlin has become a minority and limited owner of the big league Chicago Cubs. Berlin, 54, currently has shares of the Chicago White Sox but is not involved with any of its operations.
"“Before investing as a limited partner in the Chicago Cubs, I shared my intentions with (White Sox owner) Mr. Reisndorf and he permitted me to do so.” Berlin via Chicago Tribune."
Last year Berlin sold his ‘Berline Packaging LCC’ company to Oak Hill Capital Partners for a huge sum of $1.43 billion. It was a business that has been in his family since 1898 (Andrew took over in 1988) and is ‘a leading supplier of packaging products in North America‘.
Sachdev also reports that the Ricketts family is close to completing deals with other possible investors but names of those interested were not provided at this time.
Someone should call up Pearl Jam front-man Eddie Vedder and see if he’s interested in purchasing shares if he hasn’t done so already. Just saying.
Not only did Berlin get his foot in the door with the big league club, but he just recently introduced a brand new mascot named ‘Stu‘.
Formerly known as the South Bend Hawks, the team will obviously be known as the Cubs – so picking a new mascot as the face of a minor league affiliate was voted on.