Subject: Sale? |
Author: Ian
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Date Posted: 16:07:59 09/20/03 Sat
From the Southtown. I hope that they retain Chuck, he seems like he is on the right track with player personnel moves.
http://www.dailysouthtown.com/southtown/dsindex/20-ds1.htm
Stranczek family part of new Cheetahs bid
Saturday, September 20, 2003
By Kristen McQueary
Staff writer
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The son of Crestwood Mayor Chester Stranczek is among the investors putting up money to buy the Cook County Cheetahs minor league baseball team, which under new ownership will be run by a former Cleveland Indians player.
Michael Stranczek, who works at the Stranczek family's trucking company, is one of several investors contributing more than $200,000 each to buy the team from its current owner, the Daily Southtown confirmed Friday.
Primary investors include John Kelly of Oak Forest, a lobbyist who works for Crestwood on legislative issues in Springfield, and former state Sen. Patrick O'Malley of Palos Park.
Kevin Rhomberg, a former Indians player, will be general manager of the team and part-owner. He previously served as managing partner for the minor league Canton Crocodiles.
Rhomberg played for the Indians in 1982, 1983 and 1984. His resume includes work as a major league scout and intercollegiate head baseball coach. He is married with four children.
Chester Stranczek has been looking for new team owners for more than a year as attendance at Hawkinson Ford Field declined. Stranczek believes current owner Dave Arch, CEO of Blistex, wasn't marketing the team well enough to draw large crowds.
Crestwood owns the 2,500-seat ballpark and receives a portion of attendance, score board and parking fees from the team.
Stranczek reportedly wanted to see local investors who hold a stake in the community — and people close to him — own the team.
Rhomberg and his family will move from their Ohio home to the Chicago area to launch the new venture.
Other investors have not yet been named.
According to a preliminary copy of the investors' agreement, they will recoup their investments in total before money flows to the team manager.
Arch wants $600,000 to $700,000 for the team. With startup costs, the investors are putting up about $1 million. The deal is expected to be final by the end of the month, sources said.
The mayor also has a son, Robert, who serves as a trustee for Crestwood. Neither he, the mayor, nor Michael Stranczek returned calls for comment.
Southtown politics writer Kristen McQueary may be reached at kmcqueary@dailysouthtown.com or (708) 633-5972.
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