Earlier this month, Sinclair Broadcast Group, which co-owns Marquee Sports Network along with the Cubs, announced a partnership with Bally’s to re-brand the regional sports networks it owns with the Bally’s name. Marquee was specifically excluded from the rebrand, along with the Yankees’ YES Network.
Monday, though, SportsBusiness.com reported that Cubs Chairman Tom Ricketts, Marquee and the Cubs are creating a new sports partnership:
Tom Ricketts, owner of Major League Baseball’s Chicago Cubs, has teamed with global merchant bank The Raine Group and other Cubs executives on a new special purpose acquisition company (SPAC) with aggressive ambitions across the sports industry.