|
|
Current Conditions |
Quick Links ePaper Login Archives Login Make Payment Contact Us |
MLB approves Cubs sale to Ricketts
CHICAGO (AP) — Major League baseball owners on Tuesday unanimously approved the sale of the Chicago Cubs from the bankrupt Tribune Co. to the family of online brokerage billionaire and longtime fan Joe Ricketts.
The vote was made during a conference call. Tom Ricketts, who has headed the sale for his family, could take day-to-day control of the Cubs by the end of the month.
Commissioner Bud Selig says the Ricketts family will be “great owners and custodians” of the storied franchise perhaps best known for a World Series championship drought that now stands at 101 years.
“We’re extremely pleased that the sales process is drawing to a close,” Selig added.
Chicago-based Tribune Co. bought the Cubs in 1981 from candy maker Wm. Wrigley Jr. Co. for $20.5 million.
The Rickettses signed an agreement to buy a 95 percent stake in the team and in Wrigley Field.
The $845 million deal also includes Tribune’s approximately 25 percent share of regional cable TV network Comcast SportsNet Chicago.
Rooney’s trey lifts Rangers
Kenosha players All-State
Carthage falls short
County supervisors sweeten own health benefit (23)
Deadline looms for Menominee (19)
KEA ratifies 2-year contract (19)
Date set for federal civil rights case against Kenosha police for shooting (17)
Can teachers make the grades? (16)
Trevor School addition OK’d (16)
Bus stop? (14)
Kreuser vetoes health benefit boost (12)
Police to crack down on impaired drivers (10)
School cutbacks creating teacher glut
City warns residents not to rake into streets
Tween hunters head to the woods
Free flu care available for uninsured
Additional storm damage relief available to victims of 2008 flooding
‘Rock and roll’ on a Trikke
Red Men take on top talent
MCC honors Delabio, Pillizzi
Don Ruef will not run for seventh term as 9th District alderman
