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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]
Ricketts during the victory parade following the Cubs 2016 World Series victory. In April 2007, Sam Zell announced his intention to acquire the Chicago-based Tribune Company. After acquiring the Tribune, Zell announced that he would sell the Cubs and related entities including Wrigley Field and a 25% share of SportsNet Chicago.
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 ...
May 18, 2023 at 11:47 AM. Billionaire investor Sam Zell speaks during a 2007 interview in Chicago. (Associated Press) Sam Zell, who made his billions resurrecting troubled businesses that ran the ...
The Associated Press. May 18, 2023 at 11:10 AM. Sam Zell, a Chicago real estate magnate who earned a multibillion-dollar fortune and a reputation as "the grave dancer" for his ability to revive ...
The owners of the Chicago Cubs said Wednesday that they will make a bid to buy Premier League club Chelsea. The Ricketts family went public with its interest in the buyout with Chelsea owner Roman ...
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] #
The sale, reportedly at a price of around $900 million, will help Tribune pay down some of the towering debt load it's been staggering under since real estate mogul Sam Zell took the company ...