How I [Would] Invest
Dear Chicago Cubs Management and Money Types,
Kudos for insisting that Wrigley Field remain a baseball destination for "the next fifty years." Cubs fans aren't the type to stand for a stadium-plex in the suburbs...and, well, it's not like the team can count on more that an adorable stadium and easy Red Line access.
However, your financing plan seems naive at best. (If it still is your financing plan, I mean.) You're asking a totally overdrawn and overextended state (with plenty of stupid White Sox and Cardinal fans) to drum up funding for you? You really want to be dragging around an association to Governor Carpetbags for the next fifty years?
Now, I am a lowly math nerd who is still studying for her first crack at the 2/FM, but I'd like to suggest you find some way to offer bonds yourself, marketing them directly to Cubs fans. You have a rabid, national, and frankly comparatively wealthy fan base known for irrational love. You could probably get away with a zero-coupon* bond with price equal to redemption value**, so long as you issued investor certificates that were suitable for framing. Offer coupon payments in the form of tickets, and you'd have to choose your investors by lottery.
Sadly, I can't advise you on the legalities and mechanics of such an offering. (That's a later exam, or maybe one of my VEEs.) But if you take my advice (and offer the bond once I am traditionally, full-time employed), you can count on my to pony up.
Bleeding Blue,
MathNerd
ps-About that full-time employed thing: ever thought of hiring your very own actuary?
*That means no payments to the investor during the term of the bond.
**That means you buy a bond for $1000, you get $1000 back at the end of the term***.
***Yes, of course this is a stupid investment. But it's a Chicago Cubs product. It has to sound appealing and then lose, preferably in a humiliating fashion.
Kudos for insisting that Wrigley Field remain a baseball destination for "the next fifty years." Cubs fans aren't the type to stand for a stadium-plex in the suburbs...and, well, it's not like the team can count on more that an adorable stadium and easy Red Line access.
However, your financing plan seems naive at best. (If it still is your financing plan, I mean.) You're asking a totally overdrawn and overextended state (with plenty of stupid White Sox and Cardinal fans) to drum up funding for you? You really want to be dragging around an association to Governor Carpetbags for the next fifty years?
Now, I am a lowly math nerd who is still studying for her first crack at the 2/FM, but I'd like to suggest you find some way to offer bonds yourself, marketing them directly to Cubs fans. You have a rabid, national, and frankly comparatively wealthy fan base known for irrational love. You could probably get away with a zero-coupon* bond with price equal to redemption value**, so long as you issued investor certificates that were suitable for framing. Offer coupon payments in the form of tickets, and you'd have to choose your investors by lottery.
Sadly, I can't advise you on the legalities and mechanics of such an offering. (That's a later exam, or maybe one of my VEEs.) But if you take my advice (and offer the bond once I am traditionally, full-time employed), you can count on my to pony up.
Bleeding Blue,
MathNerd
ps-About that full-time employed thing: ever thought of hiring your very own actuary?
*That means no payments to the investor during the term of the bond.
**That means you buy a bond for $1000, you get $1000 back at the end of the term***.
***Yes, of course this is a stupid investment. But it's a Chicago Cubs product. It has to sound appealing and then lose, preferably in a humiliating fashion.