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Chicago Businessman Buys Stake in Cubs
- Updated: February 22, 2015
Andrew Berlin, a Chicago Businessman, confirmed on Twitter that he has become a limited partner in the Chicago Cubs. “It is an honor to be invested with an organization like the Cubs”, he said in the tweet. He is the chairman and chief executive officer of Berlin Packaging and he is also a limited partner with the White Sox, he will continue to hold on to his shares in the team. Andrew said he shared his intentions with Jerry Reinsdorf (White Sox owner) before investing as a limited partner with the Chicago Cubs, which then Reinsdorf permitted him to do so. Major League Baseball allows individuals to own minority stakes in multiple teams. The Ricketts Family purchased the Cubs in 2009 for $845 million and they’re selling minority ownership stakes in the team to help finance a $375 million renovation of Wrigley Field. They could sell as much as 20 percent of the team and according to a source close to the team; they are completing deals with other investors. Andrew Berlin is the first limited partner in the Chicago Cubs to emerge publicly.
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Raymundo Alcocer
April 3, 2015 at 8:23 am
I love reading through a post that will make men and women think. Also, many thanks for permitting me to comment!