Will The Chicago Bears Be Sold? How Much Will It Cost To Buy The Chicago Bears? Internal Strife Among McCaskey Family Could Lead To Historic Franchise Being Sold
The Chicago Bears are as old as the NFL is, and ownership has remained within one family over the duration of the Bears’ existence.
However, there is a growing feeling in the Bears ownership that a sale of the franchise could be imminent. The McCaskey family have been the owners of the Chicago Bears since their conception in 1920. The principal owner of the team right now is Virginia McCaskey who was the daughter of the Bears’ founder: George Halas.
Halas, of course, ran the Bears franchise throughout the 1900s until his death in 1980. His family has kep the tradition running since then, holding 5 of the 8 seats in the board of directors. However, a sale of the franchise could shake things up.
Will The Chicago Bears Be Sold? How Much Will It Cost To Buy The Chicago Bears?
Owning an NFL franchise is a dream for most people. You have to be a billionaire to even consider buying a team, and even then you have to hope the owners are willing to sell, as NFL teams rarely go on the market with ownership sticking with one family. This was the case with the Bears, but there is some “internal strife going on among family members to sell … now.”
So, how much would it cost to buy the Chicago NFL franchise? Well, currently, the Bears are valued at $3.5 billion. If the McCaskey family were to cash in on that, then they would turn in a profit of nearly $3.5 billion as George Halas bought the team for only $100.
The Bears could do with some new ownership as well. Soldier Field is in dire need of a renovation, and new ownership could bring in the changes it needs. However, the expenses of those renovations could force the Bears to move out as talks of a move to Arlington Park are already in the works.
Da Bears in da ‘burbs? @ChicagoBears aren’t denying rumors that they’ve begun kicking tires on maybe moving to the @Arlington_Park site a few years down the road. https://t.co/UGNrhcWb1a
— Greg Hinz (@GregHinz) April 28, 2021
Currently, Jeff Bezos, Pat Ryan, and Neil Bluhm are in the running to take over as the next Bears owners. However, Pat Ryan probably has the highest odds given he’s already a minority owner and on the Board of Directors.
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