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Rumor: Ricketts Will Land Chicago Cubs PDF Print E-mail
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Written by Maury Brown   
Monday, 15 September 2008 14:15
Sale of the Cubs

 File this under rumor…

Word on the street is that Thomas Ricketts and the Ricketts family are the winning bidders for the Chicago Cubs, Wrigley Field, and a 25 percent stake in ComcastSports Chicago. Thomas Ricketts is the chief executive of Chicago investment bank Incapital LLC, His father, Joe Ricketts, is the founder of TD Ameritrade Holding Corp.

Word also is that the announcement will come 2 days after the end of the World Series.

One bit of news over the weekend that may bear this out was Steve Stone signing as color analyst for the Chicago White Sox for the 2009 season. Stone was interested in minority ownership in the Cubs, and his new deal with the crosstown White Sox may indicate he see Ricketts landing the Cubs.

What is unknown is how the approval process by MLB will play out.

Ownership transfer must be approved by ¾ of the owners, as well as by a vote of the Executive Committee. There have been concerns that the debt structure proposed by the Tribune Co. would saddle the new owner with excessive debt that would impact player payroll in the future.

MORE ON THE SALE OF THE CHICAGO CUBS

Maury Brown

Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer.

Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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Comments (5)Add Comment
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0
Backward
written by W, September 16, 2008
I think you got Tom and Joe mixed up with their firms.
0
Odyssey
written by Kyuss, September 16, 2008
No!!!
CUBAN!
Maury Brown
Backwards, sort of
written by Maury Brown, September 16, 2008
Thomas is the CEO of Incapital LLC. Joe is the founder of Ameritrade. However, I somehow got the linage backwards.

Joe is the father of Thomas.
0
Whatever
written by Coyasun, September 18, 2008
We have not even hit the second round of bidding; talk to me when that happens.
Maury Brown
For you MLB.com Cubs Forum Readers
written by Maury Brown, October 16, 2008
As noted in Cubs Forum on, MLB.com, this article is now over a month old. However, I suggest that those that wish to understand the dynamic of the deal should read the latest article on the Cubs sale which deals with how the financial crisis has impacted the deal. And by the way... Ricketts is still very much in it.

Financial Crisis Impacting Cubs Sale in a Big Way

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