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In December 2007, in a leveraged buyout, Zell acquired control of Tribune Media, owner of the Chicago Tribune, The Baltimore Sun, Newsday, The Hartford Courant, and other newspapers as well as the Chicago Cubs and Wrigley Field. For the $8.2 billion acquisition, Zell only invested $315 million of his own money, all in the form of debt. [26]
The Cubs have had 13 general managers. [4] The general manager controls player transactions, hiring and firing of the coaching staff, and negotiates with players and agents regarding contracts. [5] [6] The first person to officially hold the title of general manager for the Cubs was Charles Weber, who assumed the title in 1934. [4] #
Thomas Stuart Ricketts is the Chairman of the Chicago Cubs, [ 1] and the Chairman, co-founder and former CEO of Incapital LLC, [ 2] a firm that provides securities firms and individual investors more efficient access to corporate bonds. [ 3] Together with his sister Laura and brothers Pete and Todd, the Ricketts siblings are the board of ...
In the 1970s, Zell and Lurie began to diversify into office buildings such as Chicago’s landmark Field building, which they bought for $52 million in 1978 and sold for $94 million in 1981.
Zell, a Chicago real estate magnate who earned a multibillion-dollar fortune and a reputation as "the grave dancer" for his ability to revive moribund properties, died on Thursday, May 18, 2023 ...
The buyer, the Ricketts family, has been close to a deal since January, when it came out on top of a three-way bidding war for the Cubs, Wrigley Fields and a 25 percent stake in Comcast SportsNet ...
1870: The Chicago White Stockings Base Ball Club. 1870 Chicago White Stockings (later Cubs): (l-r) Ned Cuthbert, Fred Treacey, Charlie Hodes, Levi Meyerle, Ed Pinkham, Jimmy Wood, Bub McAtee, Bill Craver, Marshall King, Clipper Flynn. The success and fame won by the Brooklyn Atlantics, organized baseball's first true dynasty, and the Cincinnati ...
The last 13 years as Chicago Cubs co-owner prepared Laura Ricketts for this moment. Ricketts spearheaded an investment group that officially became the new owner of the Chicago Red Stars on Friday ...