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Ricketts picked as winning Cubs bidder

Friday, January 23, 2009 , Posted by Linda at 11:06 AM

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

In this April 9, 2007, file photo, Chicago Cubs baseball fans gather on opening In this April 9, 2007, file photo, Chicago Cubs baseball fans gather on opening day outside Wrigley Field

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.

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