Have you noticed that as the economists continue to cry about the economy, American professional sports franchises seem to prosper? Well, in Chicago there is a handful of buildings beyond the outfield walls of Wrigley Field. For eons, Cubs fans have paid to watch their Cubs from the rooftops of these buildings. Well, the building at 3633 North Sheffield Avenue is in foreclosure...no kidding!
The Lakeview Baseball Club owns the building which is famous for featuring a sign in Latin that says "Eamus Catuli," which translated means "Let's go little bears." But the owners of the club were stripped of its control when a Cook County Circuit judge appointed a receiver earlier this month to take over operations.
First Personal Bank of Orland Park filed the suit in February seeking more than $2.7 million in principal and interest payments. The bank loaned the owners of Lakeview Baseball Club $2.8 million in 2006, and made a second loan of $350,000 a year later.
The Lakeview Baseball Club is required to pay the Chicago Cubs 17% of their ticket sales. This country is going straight to Hell! 
No comments:
Post a Comment