It’s Official – The Ricketts Family Owns the Chicago Cubs Franchise

Posted on 27 October 2009 by Lou

chicago cubs wrigley field1

It’s official – The Rickets Family’s purchase of the Chicago Cubs is finally done.  Hip Hip Hooray!

The Ricketts Family now owns a 95% stake in the Chicago Cubs franchise, Wrigley Field, and 25% of Comcast Sportsnet.  The deal was worth approximately $845 million.  The Tribune Co. will still retain a 5% interest in the Chicago Cubs franchise, and after applicable taxes and fees, will bring in approximately $745 million.

Joe Ricketts – the patriarch of the Ricketts Family – is the founder of TD Ameritrade, an Omaha, Nebraska based brokerage firm.  Tom Rickets, one of Joe’s sons, will serve as the Chicago Cubs new Board Chairman.  Rickets wrote in a statement release to the press that the Board “will go to work building the championship tradition that all Cubs fans so richly deserve.”

The Chicago Cubs have scheduled a Friday news conference at Wrigley Field announcing the closing of the sale to the Ricketts Family.  At last…

chicago cubs wrigley field2

Photos from our Flickr stream

See all photos

Advertise Here