According to reports from the Chicago Tribune, the Ricketts Family officially took over control of the Chicago Cubs Tuesday morning. As expected, the final hurdle in the bankruptcy case passed through on Monday. Tom Ricketts is expected to be formally announced during a press conference on Friday at Wrigley Field. Updated 8:05pm C.T. – With [...]
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. [...]
According to multiple reports on Tuesday afternoon, Major League Baseball approved the sale of the Chicago National League Ball Club, Inc. to the Ricketts Family via a conference call on Tuesday morning. All 29 owners approved the sale of the team to the group led by Tom Ricketts. “A bankruptcy court still has to give [...]
According to multiple reports, the Chicago Cubs were officially sold to the Ricketts Family on Friday. However, the team will not be under their control until at least November 1. This is a great day in the storied history of the Chicago Cubs.
The Cubs begin a seven-game trip on the left coast late Monday night with the first of three against the Padres. The last time the Cubs played in San Diego (May 22-May 24) they were swept out of town. The Cubs enter play tonight five games back of the Cardinals in the division and 3 [...]
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 a report from the Sun-Times, Monday’s reports on the sale of the Cubs are ‘premature‘. According to the Sun-Times, “the Ricketts Family and Tribune were very, very close to an $850 million to $900 million deal but that reports of a completed deal were ‘premature’.”
According to multiple reports, the sale of the Chicago Cubs, Wrigley Field and 25% of Comcast SportsNet was finalized over the weekend between the Tribune Company and the Ricketts family. Sources indicate that the final hurdles are the approval of Major League Baseball and the bankruptcy court.
According to multiple reports on Monday, the sale of the Chicago Cubs to the Ricketts Family appears to be making progress. After reports last week loosely suggested a December timeframe, reports began surfacing Monday morning that Tom Ricketts “has lined up three banks to complete the $450 million financing his group needs to finalize his [...]
According to a report from the Chicago Tribune, the sale of the Chicago Cubs to the Ricketts Family “will not be completed by the owners’ meeting” on May 20-21. The Tribune cited unnamed sources familiar with the negotiations. “Despite good intentions on both sides, the transaction will not completed by the owners’ meeting, said sources [...]