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CHICAGO – The billionaire Ricketts family has been selected by Tribune Co. as the winning bidder for the hard-luck Chicago Cubs.

The family said in a statement Thursday night that it's looking forward to working with the Tribune and Major League Baseball to close the transaction promptly.

The bid is worth about $900 million, according to the Web site of the Chicago Tribune, which also is owned by Tribune Co. The sale would include Wrigley Field and a 25 percent interest in a regional sports network, the newspaper reported.

The selection of Tom Ricketts, a member of the founding family of TD Ameritrade Holding Corp., and chief executive of InCapital LLC, was first reported by the Chicago Sun-Times' Web site.