Board Bets

Wednesday, October 7, 2009

Cubs Approved to Ricketts family

Major League baseball has approved the Ricketts family to take over as the owners of the Chicago Cubs. I was surprised there wasn't more attention to this story. It happened yesterday over a conference call where the other 29 teams approved it. The deal still isn't done because the Tribune is in bankruptcy so it has to go through another bankruptcy hearing next week. The deal should be done by the end of October at the latest. Then the Ricketts family can start making decisions and set the payroll for next season.

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