Control of 133-Year-Old Chicago Cubs Franchise Finally Taken by Ricketts Family

Posted: 29th October 2009 by Jake Karmel in MLB
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In the Cubs' 133 year old history, the team has been owned by one of the founders of the National League, a sporting goods mogul, a chewing gum company, and a media company. The newest owner to the list, a family of Cubs fans. On Tuesday, Tom Ricketts officially took control of the Cubs and 25-percent of Comcast Sportsnet. The deal was valued at $845 million. Family members Todd, Tom, Pete, and Laura will form a board of directors. The Tribune Company will hold a five-percent interest in the team and sit on the board. Tom Ricketts will be the chairman. "My family and I are thrilled that this day has finally come and we thank [Major League Baseball] Commissioner Bud Selig and Major League Baseball owners for approving our ownership," Tom Ricketts said in a statement on cubs.com. "Now we wil ...

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