Ricketts hears from Tribune: The Cubs are yours

David Kaplan on 07.13.09 http://www.chicagonow.com

As I first reported a week ago last Friday, the Ricketts family will become owners of the fabled Cubs franchise.

According to excellent sources, I expect a deal with Tom Ricketts and his family to be announced later today.

UPDATE: The Ricketts family has been told by the Tribune that they have a deal. However, I’m told now there will not be a press conference or statement today. The announcement will come after Major League Baseball approves the deal.

As soon as the deal is approved by bankruptcy court as well as MLB the family will assume control of the team.

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