Three banks set to finance Cubs purchase

By DANIEL KAPLAN

Published May 18, 2009

Chicago Cubs buyer Tom Ricketts is close to lining up three banks to arrange the $450 million financing necessary to complete his acquisition of the team, financial sources said, positioning him to clear a substantial hurdle in the long-running sale of the club.

JPMorgan Chase, Citigroup and Bank of America are set to commit to the deal as soon as the end of this week, the sources said. That commitment would allow Ricketts to submit his $900 million bid to the court that



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