« Myron Cope, father of Terrible Towel, dies | Main | Cardinals' Spiezio self-destructs »

Preserving Wrigley's name is not our job, mon

If you haven't heard, the new caretaker of the Chicago Cubs and Wrigley Field, a fellow named Sam Zell, has ruffled the feathers of baseball fans, especially those in the Cubs Cult, by suggesting he'd sell the naming rights to the hallowed brick pile on the North Side.

Full disclosure -- I work for the Tribune Company that Zell runs and is actually newly owned by an employee stock option program that's too complicated to be explained here. And more full disclosure -- I freely admit that the circumstances regarding the new ownership and all its implications has a fair amount to do with how I feel about this so if you have any complaints about how my opinion is influenced by self-interest, you can save the keystrokes.  It's already admitted.

Zell, who made a fortune in real estate and is a Chicago guy himself, makes the point that the gum people have been getting a free ride on the ballpark's name for years and perhaps it's time that they pony up the cash like every other corporation that gets to have its name on a sports building.

In addition, right from the get-go when Zell put together this deal to buy the then publicly-held Tribune Company, it was a business in distress and he made it clear that to help pay back all the loans taken out to make the deal happen that the Cubs and the ballpark had to go.  That was a good idea for a ton of reasons, not the least of which is that the Chicago Tribune can stop being viewed with suspicion for having a conflict of interest regarding its coverage of the Cubs -- but I digress.

More to MY point, which is that Zell's main responsibility here is to the Tribune company as a whole, its employees and customers, in making a tough business deal work.  Like newspapers all over the country, Tribune properties have been downsizing -- and not just reporters and editors but advertising, circulation and business-side people. White-collar jobs, blue-collar jobs, in big cities, medium-sized cities and small towns, are on the line.

The responsibility is not Zell's or that of Tribune employees across the country to preserve Chicago baseball tradition. The Wrigley company, which is based in Chicago,  has been getting that free ride for a long time. When I checked this morning, the gum company's stock seemed to be up about 40 percent over the last five years and it has a market cap of more than $16.7 billion.  And if the gum guys don't feel having their name on the building is worth it to them, then perhaps a public-interest consortium in the Windy City can be the civic hero (there's certainly enough celebrities who are happy to put on their blue caps and profess to be true-believers).  And finally,  if the Cubs Cult feels so strong about the ballpark's name, they can pass the hat and buy the naming rights themselves.

Comments

It's always hard to bridge the line in baseball between senitmentality and business. Ultimately, it's a business and it belongs to Zell. A business' first priority is to survive and make money. Now which way to Pepsi Presents Oriole Park?
------------------------------------------------
Bryan,
Hey, that's one advantage to a completely public-owned sports building. But back to Wrigley, my point is that the company is largely owned by the employees and Zell has a wider duty than just to himself.
-- Bill O.

All these years and I never realized that Wrigley Field was named after the Gum, wow im cluless. Knowing this, my opinion is more towards having the naming rights sold, because Wrigly has been getting a free ride, and as nice as it was for the he Tribune to do, it really isnt in the best intrest of anyone.

On the other hand I am spoiled because My O's have the best stadium in baseball and its not named after a corporate monster. Wow, that would be awful Bryan, Pepsi presents Oriole Park. I would be against the O's stadiums naming rights being sold, but hell Mr. Zell, go for it.
----------------------------------------
Bobby,
Mr. William Wrigley ran the Cubs for years ... that his last name and that of his company were the same certainly worked to the product's advantage.
-- Bill O.

Bill,
I agree -- and I appreciate the disclosures. I don't know the ownership structure of the Tribune Company, but in any business model the CEO has a duty to the owners/shareholders first. Letting Wrigley's get a free ride for sentimental reasons fails to honor that duty. Let the market sort this out -- the company or constituency that places the highest value on naming the ballbark on the North Side of Chicago should have that opportunity.

Shawn

I had thought Zell was going to turn around and "flip" the Cubs and Wrigley Field. If he plans to do that soon, he should hold off on the naming-rights sale and let the new owners deal with that issue. But if he plans to hold on to the team for a few years or more, then he has every right to do whatever he wants with the ballpark name. The sentimental side of me hates to lose any baseball tradition but, really, this is not that big of a deal.
---------------------------------------
Joe,
As I understand the situation, the inetntion is to sell the stadium and the club separately. The implications of the sequence of the transactions, I confess, escapes me.
-- Bill O.

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Please enter the letter "q" in the field below:

About this blog


O, by the Way: Bill Ordine has been a reporter and editor for more than 25 years and during that time has covered Super Bowls, major murder trials, township zoning board meetings and bat mitzvahs. In his five years at The Sun, he has been an assistant city editor, pro football writer, poker columnist, enterprise sports reporter and now blogger -- which may indicate his editors have yet to find a job he can get right. E-mail Bill.

Most Recent Comments

Blog updates

Recent updates to baltimoresun.com sports blogs  Subscribe to this feed

Also See

Powered by Movable Type 3.36
Hosted by LivingDot