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Friday, January 23, 2009

Cubs Sold!


CHICAGO (AP) — A billionaire family of Chicago Cubs fans - including one who first met his wife in the bleachers at Wrigley Field - is set to purchase the team and ballpark from Tribune Co.

The sale would include Wrigley Field and a 25 percent interest in a regional sports network, said Dennis Culloton, a spokesman for group head Tom Ricketts. Culloton said the deal was worth about $900 million.

``My family and I are Cubs fans,'' Ricketts said in a statement Thursday night. ``We share the goal of Cubs fans everywhere to win a World Series and build the consistent championship tradition that the fans deserve.''

The family, whose bid was picked from among three finalists, also said in the statement that it's looking forward to working with the Tribune and Major League Baseball to close the transaction promptly. Tribune Co. spokesman Gary Weitman declined comment.

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