Tom Ricketts
Chicago Cubs File For Bankruptcy
Submitted by Tyler Durden on 10/12/2009 12:03 -0400Developing story: The Chicago baseball team is the first to file for bankruptcy since 1970. The filing will facilitate the team's sale to Incapital's Tom Ricketts for $900 million. This development has been expected for a while, and follows on the Tribune's Chapter 11 filing earlier this year.
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