Cubs
My hometown favorites, the Cubs, are up for sale. If only I had a billion dollars to spare. Hopefully the new owner(s) will have enough left over to invest in building a winning team. But the return on investment of the Cubs as a losing team is not too bad.
If the Cubs do, indeed, sell for $1 billion, Tribune will have earned an annual return of almost 15 percent since it bought the team for around $20 million in 1981. Given the company’s recent problems, it’s probably the best investment it ever made.