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Cubs owner Tom Ricketts: 'We're a 130-year-old start-up'

Cubs owner Tom Ricketts: 'We're a 130-year-old start-up' Photo: Paul Beaty/Associated Press

Chicago Cubs owner Tom Ricketts says that his club has lacked a long-term strategy throughout its history, and that the Cubs cannot take shortcuts to success. 

The owner made the comments at Chicago's annual Techstars Demo Day, where he was surrounded by about 400 entrepreneurs and investors. 

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Ricketts, who was the keynote speaker at the event, told stories about starting a securities and investment banking firm. He and his family have owned the Cubs since 2009. 

“I like to think we’re a 130-year-old startup,” Ricketts said to the Chicago Tribune of the Cubs. “The team has never been managed in a way that really built for the future.”

Ricketts told the crowd that the Cubs will make decisions with a long-term strategy in mind. "Every shortcut will be a dead end," he said, according to the Tribune

The Cubs will finish their fifth consecutive season with a losing record. 

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