Ricketts Resigns from Ameritrade Board

According to multiple reports on Monday, Tom Ricketts resigned from the board of TD Ameritrade as a part of his family selling $403 million of “its stock to help finance its bid to buy the Chicago Cubs.” The sale of the 34 million shares the Ricketts family owned in Ameritrade stock was completed on Friday […]

Cubs Sale Moving Forward

According to multiple reports on Wednesday, the Ricketts family “is raising about $403 million by selling 34 million of its shares in TD Ameritrade Holding Corp” the online brokerage firm founded by Joe Ricketts. A statement from Joe Ricketts in the Tribune: “Our family is working to close a deal for the Chicago Cubs, and […]

Finally … we own the Cubs

Disclaimer: This article is predicated on the supposition that Major League Baseball will approve the Ricketts family as the new owner of the Chicago Cubs. You don’t own the Cubs, but I am pretty sure you are aware of that. But one of us now owns the Cubs and that, my friends, is reason to […]

The Ricketts Family Wins Bid to Purchase the Cubs

According to a report from the Chicago Sun-Times, the bid that was endorsed by the Tribune Co. was from The Ricketts Family. “One person familiar with the process said the endorsed bid was Thomas Ricketts.” Ricketts is believed to have offered $900 million for the Cubs franchise, Wrigley Field and 25% stake in Comcast SportsNet. […]

A Favorite Picked in the Sale of the Cubs

According to a report from the Chicago Tribune, “Tribune Co. executives have chosen a favorite among three bids for the Chicago Cubs and have given that recommendation to the unsecured creditors committee in the company’s bankruptcy case.” The Ricketts Family, Hersch Klaff and a group led by Marc Utay are the trio in the auction […]

The Sale, The Payroll and Trader Jim

As the Cubs’ brass made their way to Las Vegas on Saturday, the most important news for the Chicago Cubs of the off-season hit the wire late on Friday night. According to multiple reports the sale of the Chicago Cubs is expected to be completed by Spring Training. It has been business as usual for […]

Strange Days Indeed….A Most Peculiar Start to the Off-Season

For the Faithful that are young enough to remember John Lennon’s work after the Beatles, the title might make a little more sense. The final month of 2008 began with the unexpected announcement on Monday night that the Cubs did not offer arbitration to Kerry Wood. Reportedly Bobby Howry and Daryle Ward’s days as Cubs […]

New Bids Submitted for the Cubs

According to reports from Reuters.com and Cubs.com, “at least three groups submitted offers on Monday to the Tribune Company in the latest round of bidding for the Chicago Cubs.” Reuters identified the following three groups: The Ricketts Group, led by Tom Ricketts executive of Chicago Investment bank Incapital LLC and son of the founder of […]