It looks as though the Tribune Company has finally found a buyer for the Chicago Cubs. They have chosen the Ricketts family bid of $900 million.
Besides the Cubs, they would get the ownership rights to Wrigley Field and a 25% stake in Comcast SportsNet Chicago.
“My family and I are Cubs fans,” Tom Ricketts, the family’s point person in the Cubs purchase, said. “We share the goal of Cubs fans everywhere to win a World Series and build the consistent championship tradition that the fans deserve.”
Once the negotiations between the Ricketts family and the Tribune Co. are done, Major League Baseball will need to approve the sale. After that, 23 of the 30 owners will need to approve the sale as well.
Officials in the Cubs organization hope to have the new owners in place by the start of the season in April.
It’s just too bad that Mark Cuban, owner of the Dallas Mavericks, didn’t win the bidding. I would have loved to have seen what he would have done with the team and Wrigley Field.
