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Cubs farm team in financial trouble

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The Peoria Chiefs are in some financial trouble, and the Chicago Cubs may not be able to bail them out.

The Chiefs have been losing thousands of dollars in recent years. And the losses are causing many to question if the team will be able to continue.

According to the Journal-Star in Peoria, the team has lost $848,000 in 2010, and lost $678,000 in 2009. In both 2007 and 2008, the losses were more than $400,000.

The team’s finances came to light after an audit was done with the Peoria County Supervisor of Assessment’s Office after the Chiefs’ tried to appeal a taxable value on its stadium.

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Anthony Caruso III by The Capital Sports Report is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 United States License. Based on work at www.thecapitalsportsreport.com

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©2007-2019 The Capital Sports Report. Please honor copyright! Piracy hurts writers, devalues their works, and puts you and your employer at risk of lawsuits. All original materials contained on this website are protected by the United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcasted without the prior written permission.

About Anthony Caruso III (10339 Articles)
Anthony Caruso III is the Publisher of The Capital Sports Report.

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