Tribune Sells Cubs, Wrigley for $845 Million
Submitted: August 23, 2009 - 4:25pm
Originally published: August 23, 2009
Last updated: August 23, 2009 - 4:25pm
Originally published: August 23, 2009
Last updated: August 23, 2009 - 4:25pm
Source:
Associated Press
On Friday, the Tribune Co announced it has an agreement to sell the Chicago Cubs and Wrigley to the Field Ricketts family, the founders of TD Ameritrade. Tribune said it is selling all but a 5 percent stake, for about $845 million. The sale includes a 25 percent stake in Comcast SportsNet Chicago, which broadcasts many Cubs games. It must still be approved by Major League Baseball.
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