Bankruptcy in Baseball

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Give a general background of the company

In America, there are many different organizations and franchises that people invest billions of dollars into. Many fields of entertainment are examples of these organizations. What makes people invest into these assets are the involvements and beliefs of watching something grow.

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Baseball has always been an American Sport because many people in this country have learned to come together to witness the timeline of history within this sport. The Chicago Cubs started off their company in 1876 known as the Chicago White Stockings. While looking at the timeline for the Chicago Cubs History it was stated that, In 1876, the Chicago White Stockings become one of eight charter members of the National League led by their president Williams A. Hulbert, who was also the owner of the Chicago club (p. 1). The White Stockings were not identified to a certain region yet so they were known to move around when competing in baseball. During the ending of the 19th century going in into the 20th, the Cubs were able to find a home based sanctuary for baseball on the Westside of Chicago, Illinois. The Cubs has been known to be a dominant figure in the baseball for many more decades to go. They have been able to even set dominant records as they climb new heights of sportsmanship. The Cubs Timeline was able to express that on September 18, 1999: Sammy Sosa becomes first player in major league history to reach 60- homer mark in back-to-back seasons (p. 1). The Chicago Cubs History talked about the legacy that this baseball team has been able to contribute within history. Having prominent people on their team that created records and also helped them to become representations of the athletic city of Chicago. This research was able to explain, Although they were swept by the Mets, in 2016, the Cubs were even better, winning 103 games the franchise’s most since the 1910 squad won 104-and running away with the NL Central (Ted Keith).

Pull the company’s annual report from which they filed and talk about it

Bankruptcy within sports can happen when too much money is owed and can’t be paid. The Chicago Cubs were able to experience something like this in a great altitude because they did not control the budgets of debt that they owed. Reuters was able to talk about the bankruptcy that The Chicago Cubs were apart of just as well as the consequences that were faced because of it. It has seemed as if the cubs were expecting a bankruptcy all along.

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