Sale of Cubs to the Ricketts Family Approved by Bankruptcy Court

According to multiple reports, the bankruptcy judge in Delaware “ruled that Tribune Co. and the Chicago Cubs can proceed with the team’s $845 million sale to the Ricketts Family” on Tuesday.

According to a report from Dave Kaplan, the sale could close late next week with the Ricketts Family finally taking control of the organization. In a statement released on Tuesday, the Ricketts Family is looking “forward to getting to work on leading the team to a championship.

The report in the Tribune indicated the sale should be completed by the end of the month.

Stay Tuned … the two and a half year sale process is nearly complete.

Quote of the Day

"About the only problem with success is that it does not teach you how to deal with failure." - Tommy Lasorda

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