On Thursday A bankruptcy court approved the Company’s $845 million sale of the Chicago Cubs to the family of Joe Ricketts, owner of TD Ameritrade discount brokerage. His son, Tom, will be the controlling owner.
The sale still needs to go through a Chapter 11 bankruptcy filing on Oct. 12, and a three-quarters vote of Major League Baseball owners must approve of the deal.
Will this sale of the Cubbies start a chain of events that will eventually make the Back to The Future II prediction come true of the Cubs winning the World Series in 2015? I like to think so.