I don't think that will change anything
by Chuck84 (2024-03-18 10:11:10)

In reply to: It's all nonsense until Virginia McCaskey croaks *  posted by El Kabong

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The entire family runs that team and they continue to show they haven't the faintest damned idea what they're doing. My God, just a few years ago, they hired octagenarian and soccer guru Ernie Accorsi to guide them in hiring people who knew football.

I actually think Kevin Warren has a chance at helping in the stadium deal and long range stuff. But, when it comes to getting real football minds in there, the family's horrendous decision-making can never be overcome.

Sadly, they'll probably never sell ... even after VM goes.

I think they will
by El Kabong  (2024-03-18 12:36:11)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Reply to Post

They need the stepped-up basis to avoid getting reamed by the tax man.

When Virginia dies, they'll sell.
Yep
by HTownND  (2024-03-20 14:26:24)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Reply to Post

They ain't liquid enough to pay those estate taxes. The vast majority of their "wealth" is tied up in owning the team. Some of the family have done well in their side ventures, but the vast majority are living off the Bears ownership. That bill will come due when she dies.

As for my little Village, they sure stepped on their crank with this one. Although Cook County 10000% sales chased the valuation (would love KByrnes to weigh in on the value going from 30 million to 190 million after the sale). That the schools dug their heals in for an upfront pay day was problematic, but here we are. The Village's only hope is the Friends of the Parks, aka the people who hate Star Wars




Help us Obi Wan, you're our only hope...