Bud Selig talks Ricketts' challenges

Updated: August 24, 2011, 10:15 PM ET
By Bruce Levine | ESPNChicago.com

CHICAGO -- Major League Baseball commissioner Bud Selig voiced his continued support of Tom Ricketts and the rest of the Chicago Cubs' ownership group going forward, but he acknowledged Wednesday that the franchise has some hurdles to clear in the near future.

Chief among those hurdles is the team's quest to secure public money for renovations on its aging ballpark.

"This is a franchise that we need not only to be really competitive, but economically viable," Selig said. "[Ricketts] ...

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