Home Add to Favorite Contact Submit  
           13 July, 2020


    
Category:  Press » Recreation & Sports

 

Video: Fan-Operated Organization Requests Application From Major League Baseball to Purchase the Chicago Cubs

Popularity:
         Views: 1653
2007-08-02 11:02:12     
4 Fans Sake

4 Fans Sake, a Chicago-based organization led by passionate baseball fans, today announced it has requested the application materials necessary to begin the process of a fan purchase of the Chicago Cubs. The group is advocating a community-based ownership model similar to the one that the NFL's Green Bay Packers has thrived under since the 1920's.

(Photo: http://www.newscom.com/cgi-bin/prnh/20070802/LATH076 )

To view the Multimedia News Release, go to:

Under the community-based ownership model, Cubs fans would finally have a true voice in the way their team is operated. The fans would fund the purchase of the team through a stock offering, and would acquire voting rights in the selection and control of the team's governing board of directors.

"Today is not an easy time to be a sports fan, and I feel strongly that the community-based ownership model is the ideal way to forge a strong bond between the game of baseball, in this case the Chicago Cubs organization, and its legions of loyal fans," said Chicago businessman Eric Majeski, Chairman of the 4 Fans Sake initiative. "This ownership model has flourished for more than 80 years in Green Bay, and it has also found success in minor league baseball and European Soccer. There is no doubt that the ideal stewards for the future of the Chicago Cubs are the fans of the team."

Rob Zerjav, President of the community-owned Wisconsin Timber Rattlers minor league baseball club said "Like the Green Bay Packers, the Timber Rattlers have proven that the community-based model can thrive in professional sports. And with a global-brand and passionate fan base, I'd expect that the model would thrive in Chicago with the Cubs."

The 4 Fans Sake model is built on generating community welfare - Majeski and the organization will not profit from the sale of the Cubs. All net profits beyond the amount necessary to purchase the franchise will be re- invested into Chicago and its surrounding community. Further, once under the community-based ownership structure, a portion of the team's annual net profits would be donated to charitable and community organizations in and around the City of Chicago.

"4 Fans Sake is organizing this movement out of a sheer love for the game of baseball," added Majeski. "Baseball is a part of American history, and the sport wouldn't exist today without the passion and love of its fans. We believe that Cubs fans will relish the opportunity to own a share of their team, to affect change in the way it's operated, and to feel some small part of giving back to the Chicago community."

Cubs fans interested in joining the 4 Fans Sake movement are encouraged to visit http://www.4Fanssake.com and engage in a discussion about the community-based ownership of the Cubs. The Web site also features 4Fans Sake news, including information on the sale of shares, fan blogs, and upcoming charitable events.

ABOUT 4 FANS SAKE

Chicago-based 4 Fans Sake is a d/b/a of Fan Universe, Inc., a fan-operated movement dedicated to forging a lasting bond between the Chicago Cubs organization and its fans via community-based ownership of the team. Founded by fans out of sheer love for the Cubs and the sport of baseball, the 4 Fans Sake plan is based on other highly-successful fan ownership models. The group is dedicated to building a Chicago baseball community that perpetually gives back to the City of Chicago and contributes generously to charitable causes. For more information, visit http://www.4fanssake.com.

Specialized in: Baseball - Purchase - Chicago Cubs
URL: http://www.4fanssake.com
Print press release      Bookmark this page
Related Press releases 
Nike Soccer Camp at Elmhurst College Named North America's Top 60 Summer Camps of 2017 (Popularity: ): San Rafael, CA - July 14, 2017 -- FlightNetwork has chosen US Sports Camps' Nike Soccer Camp at Elmhurst College after a a long period of analysis and investigation.Nike Soccer Camp at Elmhust College in Illinois is entering its fifteenth summer, dating back to 2002. Camp Director Dave Di Tomasso and his staff create a learning environment for soccer players of any level that focuses entirely on development.According to FlightNetwork’s ...
FanRag Sports Hires College Basketball Insider Jon Rothstein (Popularity: ): Phoenix, Arizona - October 01, 2016 -- FanRag Sports (NAFSTROPS Media LLC) has announced the hiring of CBS Sports college basketball insider Jon Rothstein to the staff.Rothstein, who has spent nearly 15 years covering college basketball, will provide written content on FanRag’s college site, TodaysU.com. He will continue to appear on CBS studio shows and game broadcasts across the CBS network. His “College Hoops Today” podcast will continue on Compass ...
Dial Global Announces Content Partnership with Slacker Radio Beginning with Its Coverage of 2012 NCAA® Championship Broadcasts (Popularity: ): NEW YORK, March 5, 2012 -- Dial Global (NASDAQ: DIAL), the leader in play-by-play radio sports, is pleased to announce expanded distribution of select sports content to Slacker Radio. Starting with 2012 NCAA Division I Men's Basketball Championship play-by-play sports broadcasts, Dial Global will have a presence on the Slacker radio mobile platform. In addition to all 67 games of the NCAA Division I Men's Basketball Championship, Dial Global also ...
Sport Logistics for Stopwatches (Popularity: ): FRANKFURT, Germany and PERTH, Australia, November 24, 2011 -- A German logistics company will handle the timekeeping tool kit for the 2011 ISAF Sailing World ChampionshipsThe ISAF Sailing World Championships will be the largest sailing event to be held in Australia since the America's Cup Defence in 1987. The start and finish of this year's event (3rd till 18th of December), will again be the city of Perth. In order ...
One of A Kind "Bible" for Golf GPS Offered as Free eBook (Popularity: ): Golf GPS Planet has complied reviews, tips and information about the various Golf GPS devices on the market today. Now, it is being offered as a free downloadable eBook.February 04, 2011, NSW, Australia: Steve, the founder of Golf GPS Planet, says he searched far and wide in bookstores, online and in catalogs to find one comprehensive book about golf GPS devices so golfing enthusiasts could look up which golf GPS ...

Press release home snapshot 


Related Business 
Major League Baseball (Popularity: ): MLB - Major League Baseball live match analysis, statistics, schedules, report and up to date news. Betting information on American League and National League baseball games. Jason Giambi made sure that the Colorado Rockies won their 10th straight game.
Cubs Now! (Popularity: ): Weblog about the Chicago Cubs during the baseball season, and with digressions the rest of the year.
Major League Baseball History (Popularity: ): Standings from every Major League Baseball season since 1876 and postseason championship series results.
Minor League Baseball (Popularity: ): The official site of Minor League Baseball. Includes listings of all of Major League Baseball's farm teams.
Iowa Cubs (Popularity: ): Official website of the Des Moines, Iowa Cubs minor league baseball team.
Daytona Cubs (Popularity: ): Official web site of the Daytona, Florida Cubs minor league baseball team. Roster, schedule, press releases and ticket information.
Harrisonburg Turks (Popularity: ): summer wooden bat collegiate league part of valley league baseball showcasing college athletes to scouts for major and minor baseball organizations
Virginia Baseball Stadium Authority (Popularity: ): Organization working to build a stadium and bring a major league baseball team to Virginia. Includes background, news and FAQ list.
Brixen Ivy (Popularity: ): Chicago Cubs - Wrigleyville Rooftop Baseball Parties
Baseball Pressbox (Popularity: ): Baseball news and views with clubhouse interviews. Questions and answers with major league players.