Cubs File Bankruptcy Under Sale to Ricketts Family (Update2) - Bloomberg.com
Ready for the New Year.
Oct. 12 (Bloomberg) -- The Chicago Cubs filed for bankruptcy as part of a plan by owner Tribune Co. to sell the baseball team to the family of TD Ameritrade Holding Corp. founder Joe Ricketts.
Chicago National League Ball Club LLC listed assets and debts of more than $1 billion in documents filed today in U.S. Bankruptcy Court in Wilmington, Delaware. The transfer has been approved by Major League Baseballís other owners.