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Major League Baseball (finally) approves the Cubs' sale

Oct 7, 2009, 10:25 AM EST

I’m pretty sure that Ron Santo was the starting third baseman when the Ricketts-buying-the-Cubs negotiations started. With the exception of a bankruptcy court’s rubber stamp, however, the process is finally over:

Major League Baseball owners welcomed the Ricketts family to an exclusive fraternity Tuesday, unanimously approving its proposal via conference call to become the owner of  the Cubs . . . The Ricketts family still must clear one more hurdle in bankruptcy court before it can assume day-to-day control of the team. The transaction, valued at $845 million, is expected to be closed by the end of the month.

Whether this will mean anything for the Cubs on the field in the short term is debatable. Rick Morrissey, despite what seems like some wild optimism — “I dare say the Cubs could field the same team next season minus Meltdown Bradley (all right, and Kevin Gregg) and be a factor in the playoffs — thinks that there won’t be a lot of offseason personnel moves. The fact of the matter is that they have a lot of big contracts, one of which — Bradley — they’re probably going to just eat.  Ricketts is a billionaire, and you usually don’t get to be a billionaire by making hasty, public-pleasing decisions.  He’s probably going to stand more or less pat this year and see what he has before tearing things up.

But it is a new day in Chicago, and for that Cubs fans should be happy indeed.

  1. Alex K - Oct 7, 2009 at 11:50 AM

    I’m actually a little nervous that the Ricketts will not use the advantage they hold financially. It’s not like it hasn’t happened in the past. It’s probably me being irrational, but I can’t help it.

  2. Scott Denbina - Oct 7, 2009 at 11:47 PM

    When I was a student at Caltech in the early 1970’s, the residents of Ricketts House were appropriately known as “scurves”. Is there a relationship between that Rickeetts and the Riccketts that bought the Cubs? In any case, I propose that henceforeward and forevermore, the Cubs should be known VERY appropriately as, “The Scurves”.
    p.s., while I was there, I got to be known as “The Unit Toad”.
    DABNEY EATS IT!

  3. Chris - Oct 8, 2009 at 4:15 PM

    Just don’t tell me they’re going to revive Steve Gutenberg’s career… I’m fine with the keggers, beer blasts and steinhoists.

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