Report: Ricketts family agrees to buy Chicago Cubs
Widespread reports claim that the Ricketts family has reached a deal to buy the Chicago Cubs baseball team from bankrupt media company Tribune Co.
"There is a deal between the Ricketts and Tribune Co," a source close to the deal was quoted as saying by Reuters.
The Ricketts family, led by Chicago investment banker Tom Ricketts, agreed a provisional deal to buy the team and other assets for US$900 million in January.
"The terms are very similar," the source said. "It's slightly less than that."
The Chicago Cubs were valued as the 78th most valuable sports property in the world in a groundbreaking SportsPro report.
Related news
Ricketts family finally take ownership of Chicago Cubs - 28 October 2009
Chicago Cubs sold to Ricketts family by Tribune - 24 August 2009
Chicago Cubs drop lawsuit and extend deal - 02 April 2009
Chicago Cubs and White Sox sponsored by Beyond Petroleum - 27 April 2010
Chicago Cubs to get US$84 million complex in Arizona - 25 January 2010
Related blog posts
Chicago Bulls: The world’s 84th most valuable sports property - 12 June 2009, Notes & Insights
2016 Olympic city bid report: Chicago - 19 July 2009, Notes & Insights
Reinsdorf to hijack Phoenix Coyotes’ move from the desert - 01 July 2009, Notes & Insights
NHL sees huge success in 2010 Stanley Cup Finals - 16 June 2010, Notes & Insights
Rio de Janeiro chosen to host 2016 Olympic Games - 02 October 2009, Notes & Insights
