During a recent press conference in Mesa, Cubs chairman Tom Ricketts turned his pockets out and claimed that the Cubs can’t pursue more free agents because the team doesn’t have any more money. More specifically, there’s nothing remaining in the baseball operations budget. There are, however, enough discretionary funds to do a little gambling.
According to a Bloomberg report, the Cubs owners are among several investors in Action Network Inc., a subscription-based service offering data and analysis for sports bettors. The company was formed a little over a year ago by the Chernin Group in hopes of leveraging the rapidly growing market of legal sports betting.