Chicago Cubs New Owner Selected

By: Associated Press
By: Associated Press

Thursday Jan. 22, 2009
CHICAGO (AP) -- The billionaire Ricketts family has been selected by Tribune Co. as the winning bidder for the hard-luck Chicago Cubs, according to several reports.

The bid is worth about $900 million, according to the Web site of the Chicago Tribune, which also is owned by Tribune Co. The selection of Tom Ricketts, a member of the founding family of TD Ameritrade Holding Corp., and chief executive of InCapital LLC, was first reported by the Chicago Sun-Times' Web site. Both reports cited an unidentified source.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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