Tribune Co. has reached a deal to sell the Chicago Cubs and Wrigley Field to the Ricketts family, a source familiar with the matter said this morning.
The two sides reached a sale agreement over the weekend and have forwarded the contract to Major League Baseball, the source said.
The deal must be approved by other baseball owners. With Tribune Co. operating under Chapter 11 bankruptcy, the sale also will need court approval.
An era has ended and another will begin whenever all those who need to put their stamp of approval have done so. We all hope this leads us to the promised land of many championships.