facebook
twitter
rss
account
search
search
 

Warren Buffett rumored to be considering buying stake in Chicago Cubs

Warren Buffett is known to take an interest in sports and offered a billion dollars to whoever filled in a perfect bracket for NCAA March Madness.
By Aileen Graef   |   April 4, 2014 at 5:14 PM   |   Comments

http://cdnph.upi.com/sv/em/upi/UPI-1761396644202/2014/1/2483ee257302904a0cfa48b7e43405d3/Warren-Buffett-rumored-to-be-considering-buying-stake-in-Chicago-Cubs.jpg
CHICAGO, April 4 (UPI) -- Billionaire Warren Buffett is rumored to be considering buying a small stake in the Chicago cubs.

According to a source who requested anonymity, he is interested investing as the Rickett family, the Cubs owners, are pondering the sale of a small stake in the team to raise money to renovate Wrigley field and nearby properties.

Forbes recently valued the Cubs at $1.2 billion, the fourth most valuable team in the MLB. They also ranked Buffett as the fourth-richest person in the world.

[Wochit]

Follow @AileenGraef and @UPI on Twitter.
Contact the Author
© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Jonathan Dwyer allegedly head-butted wife, broke her nose Jonathan Dwyer allegedly head-butted wife, broke her nose
2
Late rally sends Dodgers over Cubs
3
Unbeaten Panthers shoot for another home win vs. Steelers
4
Report: Li Na will announce retirement on Friday
5
Scandal-stained Vikings visit 0-2 Saints
Trending News
Video
x
Feedback