It only took 2 1/2 years, but it was announced on Tuesday that the sale of one of baseball's most storied franchises, the Chicago Cubs, was completed. Tom Ricketts' bid to buy the team was first approved earlier this year, and now the team belongs to the son of TD Ameritrade founder Joe Ricketts.Along with the team, Ricketts and his family also assume ownership of Wrigley Field and a 25 percent share of Comcast SportsNet in Chicago, which broadcasts Cubs games, along with old Tribune Company standby WGN. Once it's all said and done, the Tribune Company should pull in about $740 million from the deal, a record surpassing the $660 million John Henry, Tom Werner and Larry Lucchino paid for the Red Sox in 2002.
As for Ricketts, this is the culmination of a lifelong dream to own the team he rooted for as a child. He even spent time living in an apartment across the street from Wrigley Field, and met his wife at a Cubs game. No doubt winning her over with the line "You know, one day I'm going to own this team and this park. Go out with me and you'll have all the free hot dogs you can dream of."He now says his new goal is to "go to work building the championship tradition that all Cubs fans so richly deserve." Considering the team's history, fans may want to just settle for the free hot dogs.
