Nearly two years after the Cubs were put up for sale, and tons of will-they-or-won't-they speculation, the deal is finally done.
It's finally final, folks. Well, almost. A bankruptcy judge and MLB still have to approve the purchase, but odds are that both will. If all goes according to plan it will be a done deal by November, when the MLB owners meet in Chicago.
The Tribune said it is selling all but a 5 percent stake, for about $845 million.
Tom Ricketts is a die-hard Cubs fan who met his wife in the bleachers at Wrigley Field. Many fans have welcomed the team's sale to a family of fans.
"The fans are going to love the ricketts family," said Dennis Culloton, a spokesman for the family. "They are Cub fans and they are Major League Baseball fans."
The sale includes a 25 percent stake in Comcast SportsNet Chicago, which broadcasts many Cubs games.