Merle;
The Peoria Chiefs will lose the Chicago Cubs as their parent club after this season, according to a report Tuesday in the Chicago Sun-Times.
The Cubs, it was reported, are close to signing a Player Development Contract with the Kane County Cougars, also in the Midwest League.
Both the Chiefs and Cougars have PDCs that expire at the end of this season, but until the report there was no sign that the Cubs were entertaining leaving Peoria.
“It definitely caught us off guard,” Chiefs president Rocky Vonachen said. “It’s the first we’ve heard anything like that.”
The Cubs returned to Peoria in 2005. They were previously associated with the Chiefs in from 1985 though 1994.
The Peoria Chiefs will lose the Chicago Cubs as their parent club after this season, according to a report Tuesday in the Chicago Sun-Times.
The Cubs, it was reported, are close to signing a Player Development Contract with the Kane County Cougars, also in the Midwest League.
Both the Chiefs and Cougars have PDCs that expire at the end of this season, but until the report there was no sign that the Cubs were entertaining leaving Peoria.
“It definitely caught us off guard,” Chiefs president Rocky Vonachen said. “It’s the first we’ve heard anything like that.”
The Cubs returned to Peoria in 2005. They were previously associated with the Chiefs in from 1985 though 1994.
3 comments:
Rocky was surprised? Hmmm.
Let's get some of that Obama/Pelosi stimulus money.
Here's a shovel ready project.
Tear down the Chiefs Stadium and build a homeless shelter for the Obamanomics "Jobless Recovery" miracle.
Chiefs to lose Cubs affiliation.
Now this boondoggle is completely done.
Wonder if the owners will give themselves another raise and bonus for this great achievement?
A pair of audits shows the Chicago Cubs' Class A affiliate in Peoria is losing hundreds of thousands of dollars a season. One audit raises questions about the long-term ability of the team to continue.
The Journal-Star in Peoria reports that the Peoria Chiefs lost $848,000 in 2010 and $678,000 in 2009. Losses in both 2008 and 2007 topped $400,000.
The audits were filed with the Peoria County Supervisor of Assessment's Office as part of the Chiefs' appeal of the taxable value of its stadium.
One of the audits by the Clifton Gunderson accounting firm raises "substantial doubt about the ability to continue as a going concern."
http://www.sj-r.com/breaking/x545129306/Audits-show-Peoria-Chiefs-losing-money
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