Kap's Corner

Sports Central Archives

It's Official....The Ricketts Take Control

After a 30 month period filled with ups and downs it is finally official. The Ricketts family has taken control of the storied Chicago Cubs franchise, Wrigley Field, and a stake in Comcast SportsNet Chicago.

Here is the press release issued by the Ricketts family through their spokesman Dennis Culloton just minutes ago....

Tuesday, October 27, 2009 (CHICAGO) -- The Ricketts family says it's official; the family has taken a 95 percent controlling interest in the Chicago Cubs, Wrigley Field and 25 percent of Comcast Sportsnet after a financial closing today.

The closing on the deal, valued at $845 million, completes a more than two year effort that started when Tribune Company put the team, stadium and broadcast interest up for bid.  Family members Pete, Tom, Laura and Todd Ricketts will now assume control of the team, forming a board of directors. Tribune Company will retain a five percent interest in the enterprise and also have a seat on the board. 

Tom Ricketts, 44, will serve as board chairman and issued the following statement:

"My family and I are thrilled that this day has finally come and we thank Commissioner Bud Selig and Major League Baseball owners for approving our ownership.  Now we will go to work building the championship tradition that all Cubs fans so richly deserve. 

It's fitting that this closing takes place during World Series week. Out of respect for the Fall Classic, and at the league's request, we will wait to introduce ourselves to the media and fans until this Friday, a travel day in the series between the Phillies and the Yankees."

The news conference will take place at Wrigley Field at 11 a.m. Friday, October 30th.

More to come later in the day when we discuss this on Chicago Tribune Live at 5:30 on Comcast SportsNet and tonight at 7:00 on Sports Central on WGN Radio.

Programming Note....Jim Hendry on Sports Central

Cubs General Manager Jim Hendry will join me tonight on Sports Central at 7:35 for an extended discussion. Hendry has always been very generous with his time and he has agreed to discuss this past season and the upcoming off season.

Please post any questions that you have as a comment  here on the blog. One request, please keep the questions to current issues with the team. Hendry is not allowed by baseball rules to discuss players on other teams. Also, please keep it clean. I know that Cubs fans are frustrated by the 2009 season but please ask solid questions. Inappropriate comments will be removed. 

Also, please note that new Cubs hitting coach Rudy Jaramillo will join me at 7:10.

Lou, It's Up To You Now....

While the Cubs offensive struggles are the fault of several key players who are not producing the other question that must be answered is how long manager Lou Piniella is going to sit idly by before he makes significant changes to the lineup.
How long will Alfonso Soriano be left in the leadoff spot with his batting average down to .225? Why not sit Soriano for a few days and let Jake Fox play in left field? Many people seem to be worried about Fox's defense but Soriano's defense is not good and his offense is struggling so what would you lose letting Soriano rest his knee and seeing what Fox can give you?
In addition, put Ryan Theriot at the top of the order and leave him there for the forseeable future. He can only improve the Cubs offensive production because with Soriano leading off the team looks lifeless and their run scoring is among the worst in the league.

More to come on Chicago Tribune Live at 5:30 p.m. on Comcast SportsNet and Sports Central at 7:00 p.m. on WGN Radio. Kap

Audio: My interview with Monique Davis about Derrick Rose

I had Illinois Rep. Monique Davis (D-27th) on Sports Central yesterday to talk about a resolution she put forth honoring Derrick Rose.

Our conversation was lively, shall we say, as she defended Rose and refused to even acknowledge the possibility he could be at fault.

It certainly created sparks on the radio. Listen and enjoy.

Click here for the interview

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