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.


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