Cubs Ownership Group Purchases Remaining Five Percent of Team from Tribune Media Tribune Media Company (NYSE: TRCO) and the Chicago Cubs announced on Friday that Chicago Entertainment Ventures, LLC, the Cubs’ parent company, has completed the purchase of Tribune’s remaining five percent membership interests in Chicago Entertainment Ventures, LLC. The transaction occurred pursuant to the exercise of a purchase right under the parties’ agreements and concludes Tribune’s ownership interest in … [Read more...]
From the Wire…Ricketts Officially Takes Over Cubs
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 Statement from Tom Ricketts … [Read more...]
Cubs Ownership Bids Due by December 1st
After nearly two years since the announcement was made the Chicago Cubs were for sale, the Tribune Company set a deadline for all offers to be submitted on Wednesday afternoon. According to a report from the Associated Press, bidders for the Cubs have until December 1st to submit offers. Bob DuPuy, MLB's Chief Operating Officer, "said representatives of four bidders have met in New York in recent weeks with officials from the commissioner's office, MLB's Internet Company and the sports new … [Read more...]
If I Owned the Cubs
With the sale of our beloved team drifting slowly toward a new owner I have often pondered what I would do if I possessed the power of ownership? It's a dream question that I am sure many of us have fantasized about. Think about it, you're the owner of the CUBS! Anyway, this is my punch list. … [Read more...]
