September 8, 2009
Cubs sale clears antitrust hurdle
The Ricketts family's purchase of the Chicago Cubs from the Tribune Co. has passed muster with federal antitrust regulators.
Crain's Chicago Business reported Tuesday the approval of the $800 million deal appears on a Sept. 4 Federal Trade Commission list of pending mergers and acquisitions that have been cleared by officials.
Still to come are a federal bankruptcy judge's ruling on the sale and approval by owners of the other major league teams. The Tribune has been trying to make a deal for 2 1/2 years.
If those approvals come this fall, as expected, the Ricketts family, founders of TD Ameritrade Holding Co., will own the Cubs, Wrigley Field and one-quarter of Comcast SportsNet.