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Cubs sale clears antitrust hurdle
Tuesday, September 08, 2009 6:15 PM


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 (NASDAQ:AMTD) Co., will own the Cubs, Wrigley Field and one-quarter of Comcast SportsNet.

(Source: UPI )


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