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

October 29, 2009 by  

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...

Read Complete Article at Bleacher Report - Chicago Cubs
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