From the article it appears that, to get around MLB revenue sharing rules they’ve been selling premium (and non) tickets to Wrigley Field to a ticket broker. The broker then ups the ante (the article quotes a $45 ticket going for $1500)
The kicker…
Ready?
The broker, Wrigley Field Premium, is owned and operated by the Cubs!
AHH!!!
This is worse that Microsoft!
So they get a face value price for the tickets. That’s reported to MLB for revenue purposes. Then, since they sold to themselves, they get to pocket the profit as a seperate entity not affiliated with MLB.
AHH!!!
Look, I love the Cubs. I was born and raised near Lincoln Square (Ravenswood El) right across the street from Grossinger Pontiac.
Pretty sick, eh? The Tribune Corp. (which owns the Cubs, the Chicago Tribune, etc.) apparently thought the usual ticket scalpers had a good deal going and wanted in on the action. The Chicago Sun-Times had a field day with that.
I was going to call you people idiots, but since this is the Pit I’ll call you all fucking idiots. Take a fucking economics course or something and stop acting like children. I don’t have the time it would take to explain to you why what the Cubs did is not “evil.”
I read this, and my only thought is: Does this help the Cubs reach the World Series? If yes, I see no problem with it. If no, then how can it be manipulated to get them to the World Series.
I am a simple man with simple desires. Unfortunately, I have 95 years of history conspiring against me.
Yet another reason there shouldn’t be a Pit: People making statements like “since this is the Pit I’ll call you all fucking idiots.” And then not backing up their own statements. Ignorance wins again, even here as the road team.
I went to the Reds website recently and looked for tickets for a couple of games. The $225 seats came up under the default “best available” seat option. They’re behind home plate, but other than that I don’t know what fabulous amenities would make that price worthwhile.
Your missing the point. They could let the market set the price all they want to by getting rid of “Wrigley Field Premium” and just chargeing the fans whatever they will pay.
However, by using themselves as their own ticket broker they can reduce their revenue sharing payment to MLB. The fans end up paying the same price regardless, but this way the Cubbies steal from the coffers of Major League Baseball. They are a drain on the system.