Monday, November 17, 2008

Mark Cuban Say it Isn' So

Well Cubs fans, you can pretty much count out Mark Cuban in the sweepstakes for future ownership of your beloved ball club. Straight out of ESPN.com, Mark Cuban has the SEC (much more serious than the football conference) filing suit against him for insider trading in which he allegedly participated in, in order to avoid $750,000 in stock losses.

We'll come back to the Cubs later, but first let's discuss the situation at hand with the NBA's most controversial owner. If recent history tells us anything, cases of rich celebrities accused of insider trading haven't ended altogether in favor of the celebrity (i.e. Martha Stewart). We have to remember this is America, so Mark will be considered innocent until proven guilty, but my question is why?

And my question of why is not concerning Mark Cuban.

Mark Cuban ranks as the 161st wealthiest American. I am not going to go and say that $750,000 is a trivial amount, and he shouldn't have worried about losing it because look at the facts. If anyone comes up to you and tells you that you are going to lose money and before it actually occurs, the obvious human instinct is to protect your investment. If Cuban is guilty, why did somebody give him the information knowing that it could lead to a lawsuit. It just seems a little fishy to me.

Now back to those "loveable losers." Major League Baseball was already questioning the decision to allow Mark Cuban the opportunity to bid for the ownership of the Cubs; now its an almost certainty that the North Siders will never experience the glory of working under a Cuban run organization. This is a perfect cap to the season that "should have been." They win one of the toughest divisions easily, lock up homefield advantage, and then the baseball gods strike back with enough karma to last until the 2010 season.

Dempster loses at home in Game 1, Big Z gives up more runs than he has all season, the Cubs get the clean sweep in Los Angeles, Ramirez and Peavy are out of reach in negotiations, and if Cubs fans weren't already on the ledge of their Sheffield Ave. apartment roofs, their savior of soon-to-be owner not only gets denied by MLB but then gets a suit filed against him by the SEC.

What a great decision at 5 to be a Cubs fan. If only I had been born in the Bronx.

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