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Tribune Co. To Sell Cubs, Wrigley Field - Finally

Tribune Co. has announced a definitive agreement to sell all but a 5% stake in the Chicago Cubs and Wrigley Field to the billionaire Ricketts family, capping a tortuous process that began more than 2 years ago.

Tribune valued the transaction at about $845 million. Joe Ricketts founded the Omaha, Neb.-based online brokerage TD Ameritrade Holding. The successful bid was led by Tom Ricketts, a Chicago investment banker and Joe Ricketts' son. He is a Cubs die-hard who grew up watching the team and once lived in an apartment across the street from Wrigley.

Read the whole story at USA Today »

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