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MONDAY, NOVEMBER 23, 2009
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5

Tribune Sells Cubs for $800M

Family will pay $800M for 95% stake in team, Wrigley field

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(Newser) – It’s official: Tribune Co. has signed an agreement to sell a majority stake in the Chicago Cubs to the Ricketts family, the Chicago Tribune reports. Picked as the winning bidder for the franchise in January, family negotiated a deal to pay $800 million for a 95% stake in the Cubs, Wrigley Field, and the Tribune's stake in Comcast SportsNet Chicago. The Tribune is retaining a 5% stake in those assets.

FILE - In this Oct. 1, 2008, file photo, the Chicago Cubs and the Los Angeles Dodgers line up at Wrigley Field before Game 1 of baseball's National League division series in Chicago.
FILE - In this Oct. 1, 2008, file photo, the Chicago Cubs and the Los Angeles Dodgers line up at Wrigley Field before Game 1 of baseball's National League division series in Chicago.   (AP Photo/Charles Rex Arbogast, File)
Chicago Cubs starting pitcher Rich Harden throws against the San Diego Padres in the first inning of a baseball game Wednesday, Aug. 19, 2009 in San Diego.
Chicago Cubs starting pitcher Rich Harden throws against the San Diego Padres in the first inning of a baseball game Wednesday, Aug. 19, 2009 in San Diego.   (AP Photo/Lenny Ignelzi)
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5 comments
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hoggkm
Aug 21, 09 4:46 PM CDT
Its About time. This deal took way to long! Reply
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+2
Ucantusethatname
Aug 21, 09 7:24 PM CDT
A small price to pay for a championship team. Reply
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+1
IN RESPONSE:
Sauerkraut
Aug 22, 09 11:43 AM CDT
hahahahaaaaahahahahhahahahahhahaha
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0
BlueAyez
Aug 22, 09 11:53 AM CDT
not to mention they get a TV channel in the mix. Reply
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0
Derni
Aug 22, 09 7:31 PM CDT
Its the only good news you'll hear about the cubs this year-they won't be in the playoffs-thank goodness Reply
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