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Business Associations Keyed to Bainbridge
Shlensky v. Wrigley
Citation:
237 N.E.2d 776 (1968)Facts
Plaintiff is a minority stockholder of defendant corporation. Chicago National League Ball Club, a Delaware corporation with its principal place of business in Chicago, Illinois. Defendant corporation owns and operates the major league professional baseball team known as the Chicago Cubs. The corporation also engages in the operation of Wrigley Field, the Cubs’ home park. Plaintiff alleges that since night baseball was first played in 1935 nineteen of the twenty major league teams have scheduled night games. The Cubs sustained operating losses from its direct baseball operations. Plaintiff attributes those losses to inadequate attendance at Cubs’ home games. He concludes that if the directors continue to refuse to install lights at Wrigley Field and schedule night baseball games, the Cubs will continue to sustain comparable losses and its financial condition will deteriorate.
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