Baseball team owners shrug off economic worries

Posted April 1, 2010 at 2:21 p.m.

From Reuters | Although the U.S. unemployment rate remains high, league executives and team owners are cautiously optimistic for the new season that begins Sunday. “Baseball is like comfort food,” said Chicago Cubs owner Tom Ricketts. “People will cut out expensive vacations, but they won’t cut out their baseball season.” In a good early sign, ticket prices in the secondary market entering the season — as tracked by SeatGeek.com — are up 22.5 percent from the second half of last year, to almost $75.

Get the full story: reuters.com.

 

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