Bellevue University Board Member Pete Ricketts and his family have finalized a deal to buy the Chicago Cubs, according to published reports Monday.
The Omaha-based Ricketts family negotiated to buy the team, Wrigley Field and a 25 percent stake in Comcast SportsNet, a regional cable network. The agreement was reportedly reached during the Fourth of July weekend, then forwarded to Major League Baseball for review.
In January, current owner Tribune Co. selected the Ricketts family bid over two others, with negotations stretching into July.
The Ricketts family patriarch, Joe Ricketts, stepped down last year as chairman of the board of TD Ameritrade. The successful online brokerage grew out of a securities firm that Ricketts co-founded in 1975. Pete Ricketts, one of Joe’s sons and also a successful businessman, joined the Bellevue University Board of Directors in 2008.
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