Potential Cubs buyer seeks investors
Posted on April 23, 2009 | 36 Views
The family chosen by Tribune Co. to buy the Chicago Cubs in a $900 million deal is seeking investors willing to pay $25 million for a preferred share of the storied baseball club, a person close to the deal said Wednesday. Chicago investment banker Tom Ricketts is seeking investors in an effort to raise at least $100 million toward the team's purchase price, said the source, who spoke on condition of anonymity because of the pending nature of the transaction.
Ricketts is founder and chief executive of InCapital LLC and his billionaire family founded the Omaha, Neb.-based TD Ameritrade Holding Corp. The sale would include Wrigley Field and a 25 percent interest in a regional sports network source>>>
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