Comment on Chicago Cubs Sale Approved By Bankruptcy Judge

Chicago Cubs Sale Approved By Bankruptcy Judge

WILMINGTON, Del. — A federal bankruptcy judge in Delaware has approved the Tribune Co.'s sale of the Chicago Cubs. The judge on Thursday authorized Tribune to enter into transactions to sell the team to the family of billionaire Joe Ricketts, founder of TD Ameritrade. The family agreed to buy a 95 percent stake in the team and its Wrigley Field home for $845 million. The deal also needs approval from Major League Baseball. The Tribune plan calls for a separate bankruptcy filing by Chicago National League Ball Club, an affiliate not involved in the company's Chapter 11 case.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News