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ricketts

January 23, 2009

The family behind online brokerage TD Ameritrade looks set to acquire US baseball team the Chicago Cubs.

The family behind online brokerage TD Ameritrade looks set to acquire US baseball team the Chicago Cubs. The Ricketts' bid succeeded over competition from local real estate tycoon Hersch Klaff and New York private equity scions Leo Hindery and Marc Utay.

The Ricketts have offered present owners, Tribune Co, around $900 million, and the deal would put the Major League team, its Wrigley Field stadium and a stake in a regional sports network into the hands of Chicago financier Tom Ricketts - son of TD Ameritrade founder Joseph.
 

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