Tribune selects Cubs buyer

UPDATE: Washington Post reports that Tom Ricketts has some serious ties to Wrigleyville... read on.

Tom Ricketts grew up watching the Cubs on WGN, once lived in an apartment above a bar across the street from Wrigley Field, and met his wife in the bleachers at a Cubs game.
Well-played, sir, well played. I bet he was completely sober at the time, too.

The Chicago Tribune reports that their parent company, Tribune Co., has selected Tom Ricketts as the winning bidder to buy the Chicago Cubs. The $900 million offered also includes Wrigley Field and a quarter of Comcast SportsNet.

The Ricketts family made their billion-plus fortune "building a discount brokerage brokerage in Omaha." The family's patriarch, J. Joe Ricketts, founded what later became Ameritrade Holding Corporation. The family has also independently confirmed that they have been selected to buy the team.

But the deal isn't sealed just yet.

The family will have to hammer out a final agreement with Tribune Co. and secure financing amid the worst credit markets since the Depression. Once a contract is inked, the deal must be approved by 23 of Major League Baseball's 30 owners. Cubs officials have said they hope to have the new owners in place by the start of the season in April.

Paul Sullivan talks about the future/upgrading of Wrigley Field

Rick Morrissey gives the Ricketts family some advice.

And a Tribune reporter gets the voice of the fans. Shockingly, they say don't tear down Wrigley Field and spend money getting better players.

1 comment:

  1. Here's hoping Ricketts is as big a fan as he proclaims to be. Man how nice it will be to have a fan in charge and not a big business.