08.24.09 9 years ago 4 Comments

No, the Chicago Cubs weren’t sold to the bone-softening condition caused by a vitamin D deficiency, but to the Ricketts, some billionaire family who won the team with a $900 million bid. I figure that’s $900 million that’s not going to Sarah Palin’s run for the White House in 2012, so that works for me.

The Ricketts family effort, led by Tom Ricketts, who lives in the Chicago area, still has a number of hurdles to cross before taking ownership of the Cubs, including receiving approval from 23 of the league’s 30 owners.[…]

The family patriarch, J. Joe Ricketts, grew up in Omaha and started a discount stock brokerage. In the 1990s he transformed the company into an Internet trading powerhouse now known as TD Ameritrade Holding Corp. He is ranked among the world’s billionaires, according to Forbes magazine, with an estimated net worth of $1.2 billion. via.

You’d think a guy with his own internet trading shop could see what a horrible investment the Cubs would be. Unless he’s investing in suffering, racist T-shirts, and dead goats. Man, these investment guys are always one step ahead of everyone.

ASYLUM POLL: What team most needs new ownership?

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