City should buy Bears and sell shares to fans, alderperson says – Chicago Sun-Times*

Ald. George Cardenas was undaunted by the fact that Forbes Magazine has valued the Bears at $4.06 billion, a valuation 16% higher than last year. He's planning to introduce a resolution Wednesday to get the ball rolling.
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nixit
4 years ago

Sell the Bears to the city’s pension systems.

BB
4 years ago

How about fixing the crime problem council! You are all dopes!!!!

Admin
4 years ago

Seems sensible to me. The City Council could vote on draft picks. Lightfoot could do the play calling. Kim Foxx can handle disciplinary matters.

Truth in Cook County
4 years ago

This may be a better use of the $180 billion that Biden and the D’s gave Illinois as a bailout than how they are spending it now. At least there may be a return. Think about this – all that bailout money, and all the religious and non profits are screaming about how great the hunger need is. What did the idiots that lead the state spend all that money on? Obviously not the public priorities.

Old Spartan
4 years ago

Another example of a public official with no sense of numbers, economics or basic math. Just like with phony budgets and ignorance of pension problems, this idea demonstrates the reason City and Illinois governments are incapable of running a sound operation.

your dime your dance floor
4 years ago

I’m sure the NFL would never approve the sale of the Bears to the city, and the NFL must approve the sale of any team to those who want to buy it.

The Paraclete
4 years ago

The City Council is their own mental hospital. They’d have the players buying their own uniform, anything is acceptable. Eddie Johnson could be head coach!

Pensions Paid First
4 years ago

It’s pretty clear that the majority of the population doesn’t support providing help to build a stadium. So if there is no appetite to help fund a new stadium do these people actually believe it would be better to buy the team outright? I must admit, it would be fun to watch the city of Chicago compete in the NFL. Would its priorities be to win games or would equity trump all? During the draft would the team try to get the best players or would they try to ensure we have a trans linebacker, a gay running back and… Read more »

debtsor
4 years ago

It appears the Bears is already operating under a principle of equity given how poorly they’ve played this season. They have two liberal white grifters running the show while drafting and signing a bunch of unqualified losers who can’t play but check all the right boxes. So basically your typical university or fortune 500 company.

Fed up neighbor
4 years ago

Is this some sort of a joke and con game, what a doofus

Abe`s Ghost
4 years ago

Alderperson News Flash in order to purchase something that thing needs to be FOR SALE

debtsor
4 years ago

‘alderperson’

hahahhaha

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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