Source: Tribune, Ricketts Reach Sale Deal
Oct 23, 2014 9:44 PM
The Tribune Co. has reached an agreement to sell the Cubs, Wrigley Field and other assets to the family of Joe Ricketts for about $900 million.
The agreement was reached over the weekend and a term sheet?was sent to Major League Baseball for review, according to a source.
"We continue an active dialogue with the Ricketts family with an eye toward reaching a definitive agreement," Tribune Co. spokesman Gary Weitman said in an e-mail. "We don't intend to comment on the specifics of any potential transaction."
Yahoo! Sports
Tags: Chicago Cubs, Misc Rumor,