Sale of Cubs Nearing?

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 […]

Sale of Cubs Further Delayed?

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 […]

Could Peavy and Alderson be on the Horizon?

The Cubs have not re-opened talks with the Padres for Jake Peavy but might once the sale of the team is finalized. According to a report from the Tribune the two sides have not discussed Peavy since the end of the Winter Meetings but after facing the Cubs on Sunday in Peoria “he still sounded […]

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 […]

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. […]