Weird things happen when your team hasn't won a World Series in almost a century. Things like letsbuythecubbies.com, a new website that is giving Cubs fans a chance to purchase the team at the end of the season. You can go to the site and make a non-obligated pledge of as much as 100 shares at $200 a share for a chance to own a piece of your favorite team.
As of this writing the website has accumulated $100,000 of pledges, well short of the $600 million or so the team is likely to sell for. That means that at this point the website has about as good a chance of owning the team as a third party candidate does in the presidential election, or about the same chance of the Cubs actually winning a World Series.
And while the idea is not without charm, there are problems. If the fans own the team, then who will they blame when the team inevitably underachieves? Oh yeah, and will Pabst be sponsoring all ownership meetings?
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