‘Eamus Catuli’ Wrigley rooftop club in foreclosure

Posted April 15, 2010 at 12:13 p.m.

Cubs fans on Sheffield Avenue outside the Lakeview Baseball Club on Thursday . (Phil Velasquez)

By Ameet Sachdev | The owner of a rooftop overlooking Wrigley Field faces a foreclosure lawsuit
from a suburban bank after defaulting on $3.15 million in mortgages on
the property.

Lakeview Baseball Club, 3633 N. Sheffield Ave., remains open while it
deals with the foreclosure action. The building is known for featuring a
sign in Latin that says “Eamus Catuli,” which translated means “Let’s
go little bears.”  But the owners of the club were stripped of its
control when a Cook County Circuit judge appointed a receiver earlier
this month to take over operations.

First Personal Bank of Orland Park filed the suit in February seeking more than $2.7 million in principal and interest payments. The bank loaned the owners of Lakeview Baseball Club $2.8 million in 2006, and made a second loan of $350,000 a year later.

In January, the bank sent a letter of default to the borrowers after they failed to make their December and January payments. One of the defendants in the foreclosure suit is Anthony Racky of Winfield, who is a managing director of Lakeview. According to the complaint, he guaranteed the loans. A message left for Racky Thursday at the club was not immediately returned.

The bank moved last month to appoint a receiver. The bank said in court papers that it was concerned that the borrowers were diverting money from the club and using such funds for purposes unrelated to its operations. A lawyer for the bank has not returned phone calls seeking comment.

The receiver is Robert Cataldo, vice chairman and chief operating officer of Hostmark Hospitality Group in Schaumburg. He has not returned a phone call for comment.

Crain’s first reported the foreclosure suit.

Lakeview and the 12 other rooftop businesses adjacent to the ballpark give 17 percent of their revenues to the Cubs, as part of a 2004 agreement that settled a suit brought by the team alleging copyright infringement.



  1. anthony April 15, 2010 at 12:43 pm

    Maybe Sam Zell can do the same great job with this place that he did with Tribune.

  2. Mike April 15, 2010 at 12:45 pm

    How could one of the moneymakers go into foreclosure? Clearly, that money was being used for vacations and other activities unrelated to the operation of this rooftop.

  3. It Is What It Is April 15, 2010 at 12:58 pm

    You gotta love Chicago with all of it’s crooked politicians and skanky businessmen.

  4. FrequentFlyer April 15, 2010 at 1:07 pm

    I guess this is karma coming back at those guys. As a Cubs fan I find it offensive to have that sign.

  5. Mean Joe April 15, 2010 at 1:36 pm

    I alway thought that Eamus Catuli meant 100 more years!

  6. yep April 15, 2010 at 1:39 pm

    FrequentFlyer: Do you know that in the sign “Eamus Catuli” which means “Let’s go little bears”… Its suggesting that little bear translates to a mean “cub”…. Not sure how thats offensive but ok.

  7. Mac April 15, 2010 at 1:52 pm

    They need John Cleese to give them a Latin lesson. Since “go” is in the imperative voice, the word should be “Ite”, as in “Romani Ite Domum”. Now write it on the wall 100 times.

  8. ScottG April 15, 2010 at 1:58 pm

    New sign on the building: persolvo vestri caveo…
    Pay your mortgage in Latin

  9. Veronica April 15, 2010 at 1:58 pm

    I think part of it is they weren’t making any money. Half-price Rooftop deals have been popping up all over the web for the last couple of seasons. I’ve gone to many games and noticed no one was sitting up there. Let’s face it, ticket sales are not what they used to be, there are more and more tickets available for face for below value if you wait a while. And if sales go down the first to be effected are the rooftops cause your not even in in the park.

  10. RomanB April 15, 2010 at 2:04 pm

    1 down, another 12 more awaiting foreclosure.

  11. pcjake April 15, 2010 at 2:05 pm

    Yep – I think FrequentFlyer was referring to the “AC” sign as offensive to Cubs fans.

  12. treynickel April 15, 2010 at 2:19 pm

    Eventually, everyone commenting on the Chicago Breaking News website will realize that your “Kingdom” that you call the United States, is Collapsing right in front of your eyes. If you want to know why someone is defaulting on their mortgage, raising ticket prices, murdering their family members in Darien, dying in Afghanistan, raising taxes, laying off teachers, being hit by Metra trains, releasing prisoners, suiciding Micheal Scott and the Police in Tinley Park creating crimes to save their Jobs/Pensions, look no further than the Collapse of the FEDERAL RESERVE SYSTEM. WAKE UP! GAME OVER!

  13. mike April 15, 2010 at 2:31 pm

    If the Cubs were smart they would buy this property. They could use the space in the lower levels for office space and clear out more space in Wrigley for more bathrooms and whatnot.

  14. DavidKamerling April 15, 2010 at 2:31 pm

    The owner of this property is trying to rent out a $1Million renovation at 441 Surf as well. He advertises himself as the listing broker despite the fact that he has not had a license since 2005. This is probably the diversion to which the bank refers.

  15. Davey S April 15, 2010 at 2:55 pm

    I thought Eamus Catuli meant “we steal other people’s products”.

  16. Speed April 15, 2010 at 3:12 pm

    Eamus Catalinas means cant pay me no interest.

  17. Doug E Fresch April 15, 2010 at 3:15 pm

    Eamus Catuli = All Your Baseball Are Belong to Us

  18. cvnioew April 15, 2010 at 3:20 pm

    [['Eamus Catuli' Wrigley rooftop club in foreclosure]]

  19. Little_Pig April 15, 2010 at 3:23 pm

    Bonus novus

  20. Chow Hound April 15, 2010 at 3:40 pm

    Hey, I’d sit at one of those places any day over the charming yet nasty confines of Wrigley…done that plenty of times, but the roof top places are a helluva lot more fun and still give a great view of the game. My guess is some corrupt politicians are angling to scam it for themselves and their cronies…keep an open for who ends up buying it…

  21. Big Guapo April 15, 2010 at 3:40 pm

    Anus Catuli

  22. C April 15, 2010 at 4:33 pm

    Let’s just say that the defendants really are getting what they deserve here. A group of classless blowhards getting exactly what they deserve. Hey Mr Defendant, no one cares who you claim you know. You couldn’t be more full of it and it is so great to see you eat crow! No one ever believed your stories anyway, enjoy the descent, too bad you stepped on everyone you know on the way up!!! Payback is a …..

  23. Ed April 15, 2010 at 4:34 pm

    Knock all the buildings down and as the song goes, “Put up a parking lot”

  24. C April 15, 2010 at 4:34 pm

    And, by the way, everyone who knows you thinks this is hilarious!!!!!!!!

  25. Walter Bearstradamus Brzeski April 15, 2010 at 4:43 pm

    A little ironic that an anagram of ‘EAMUS CATULI’ is “I AM A CULT USE’

  26. White Nemo April 15, 2010 at 6:21 pm

    I remember when the gin mill on that corner was Ray’s Bleachers.
    Programs cost a dime-hotdogs-popcorn a dime and a nickel-a beer set you back two-bits. The bleachers 40 cents- grandstand $1.50.
    Most of the people in the Park knew how to keep score, and they could tell second base from a fireplug, as well.
    Can’t say any of these things today.
    People today must have spent all their brains on the “too much for their own good money”, they toss around.

  27. White Nemo April 15, 2010 at 6:27 pm

    Pity the poor trib writer thinks “the bank ‘loaned’ him the money”.
    Perhaps the trib will get lucky and find a writer that can tell a verb from a noun.

  28. Frank Lee April 15, 2010 at 6:39 pm

    Ubi est mea?

  29. The Future April 15, 2010 at 6:40 pm

    FrequentFlyer: You should be offended as a Cub fan, by the team’s lack of a WS ring in over 100 years!

  30. Laughing in St Louis April 15, 2010 at 7:00 pm

    This is hilarious. A cash cow going under, the owners should be ashamed and are an absolute joke. They must run that place just like the Cubs are run, poor spending, poor team year in and year out. Maybe next year!

  31. Frank Lee April 15, 2010 at 7:07 pm

    One of the other rooftops will swoop in and buy it for a song before anyone else even knows about it.

  32. Fred April 15, 2010 at 9:19 pm

    At least on the rooftops there’s no danger of getting hit on the head by falling concrete.

  33. Denis Racky April 15, 2010 at 10:34 pm

    It probably means “like father like son”….Is this how you do business? by stepping over everyone!

  34. George Deukmejian April 16, 2010 at 5:59 a.m.

    “Eamus Catuli”—-I thought that was “loyal losers”

  35. Richard Lo Iacono April 16, 2010 at 9:16 a.m.

    WHO CARES!!!

  36. Don in Plainfield April 16, 2010 at 11:40 a.m.

    Why don’t the Cubs buy all of the buildings and make them a logical extension of the park?

  37. sunny boner April 16, 2010 at 1:30 pm

    Emus el fuc-kus …who gives a sh-it!

  38. Uh April 16, 2010 at 9:36 pm

    Maybe because they’re on the other side of a city street Don?