Sale of Cubs Completed to the Ricketts Family

According to a report from CSN Chicago, the sale of the Chicago Cubs to the Ricketts Family is completed and the deal should be officially announced on Monday.

According to the report from Dave Kaplan, “the two sides reached an agreement last week and sent the contract to Major League Baseball for approval.The deal is expected to be approved by August with the Ricketts taking over control soon after.

Reports surfaced on Monday morning that the team could file for bankruptcy in order to expedite the sale.

Stay tuned …

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