facebook
twitter
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 Follow @AileenGraef Contact the Author   |   April 4, 2014 at 5:14 PM

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]

Related UPI Stories
Latest Headlines
Trending Stories
Electronics certification company makes hoverboard burst into flames
Eli Manning explains pout after Denver Broncos' Super Bowl score
Duke's Grayson Allen trips Louisville player
Nicola Griffin to appear in Sports Illustrated swimsuit issue at 56
Larry Sanders considering NBA comeback