Wrigley Field Update: Ricketts Family Wins Bid For Chicago Cubs
January 23, 2009 by Tisa Silver
Filed under Finance
A little over two weeks ago, I wrote a post about Sam Zell, Rod Blagojevich and Mark Cuban. Sounds like a fun bunch, right? View my previous post: “Does Sam Zell Have The Magic Touch? ”for some background.
Today, there is good news to report! The Chicago Cubs, Wrigley Field and a 25 percent stake in Comcast SportsNet Chicago will be sold for approximately $900 million.
The buyer is NOT Mark Cuban! Tom Ricketts, son of TD Ameritrade founder J. Joe Ricketts, has emerged as the winning bidder. According to bloggingstocks.com, the deal should close in two to three months.
There are still some hurdles to clear, but Sam Zell should be happy that this process is finally moving into what could be the final stages.
Tribune Co. could use the cash!
