The Ricketts family officially assumed control of the Cubs on Tuesday upon the closing of its $845 million deal with the Tribune Co.
The sale allows Tribune, which has owned the franchise since 1981, to retain a five percent stake in the team to reduce taxes by an estimated $300 million.
Tribune paid $20.5 million for the Cubs in 1981.
"My family and I are thrilled that this day has finally come, and we thank commissioner Bud Selig and Major League Baseball owners for approving our ownership," Tom Ricketts said in a released statement. "Now we will go to work building the championship tradition that all Cubs fans so richly deserve."
Via Chicago Sun-Times
Chicago Cubs, Misc Rumor
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The Cubs are looking to add a center fielder.
A left-handed batter would fit best, which is why Chicago has been linked to Curtis Granderson.
Scott Podsednik, Rick Ankiel and Coco Crisp have been mentioned as well.
Via FOX Sports
Chicago Cubs, Free Agent Rumor
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The Cubs have told Ryan Theriot that he might be moved from shortstop to second base in the near future.
Chicago could move up shortstop prospect Starlin Castro in the near future.
Despite the possible move, general manager Jim Hendry still has faith in Theriot.
"Ryan feels like if he has to change positions and move to second base, he would have no problems," Hendry said. "He has made it no secret he loves the Cubs and wants to stay."
Via Chicago Tribune
Chicago Cubs, Misc Rumor
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Sammy Sosa is being sued for $203,000 by a businessman in the Dominican Republic who says the former Major Leaguer owes him for commission on a house sale, amongst other things.
Carim Abu Nabaa alleges that Sosa has not paid him a commission of $150,000 on a house sale, $43,000 for a luxury watch, and $10,000 for getting Reggaeton singer Don Omar to perform at Sosa's 41st birthday party.
Via Chicago Tribune
Chicago Cubs, Legal
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Nov 21, 2009 11:00 AM EST
The Blue Jays have reached out to the Cubs to gauge their interest in pitcher Roy Halladay.
Milton Bradley isn't on Toronto's wish list, but they are looking for top prospects from Chicago.
Even if Bradley isn't included in a potential deal for Halladay, the Cubs would have to move him and his large contract to make financial room for Halladay.
Via MLB.com
Chicago Cubs, Toronto Blue Jays, Trade Rumor
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Cubs Nov 2009 Archive
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AP | Nov 21, 2009
Left-hander John Grabow gets a 2-year, $7.5M deal with the Chicago Cubs.
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MLB.com | Nov 19, 2009
The Cubs have dealt Aaron Heilman to the D-Backs.
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Chicago Tribune | Nov 19, 2009
John Grabow has agreed to a two-year deal with the Cubs.
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Chicago Tribune | Nov 14, 2009
The Cubs are interested in Curtis Granderson.
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ESPN | Nov 12, 2009
Mike Fontenot beat out Adam Jones and Micah Owings for an arbitration spot.
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MLB.com | Nov 10, 2009
Jim Hendry stated a fact on Monday -- Milton Bradley is still on the team's roster.
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Los Angeles Times | Nov 9, 2009
Sammy Sosa now looks very different in his retirement.
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Chicago Tribune | Nov 8, 2009
The Cubs may let both Rich Harden and Reed Johnson walk as free agents.
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Chicago Tribune | Nov 5, 2009
Rich Harden is unlikely to draw a multi-year offer from the Cubs.
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ESPN | Nov 4, 2009
The Cubs could have a new spring training home in 2012.
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ESPN | Nov 3, 2009
The Cubs and John Grabow are discussing a multi-year contract.