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Report: Ricketts mull selling shares in Chicago Cubs

  • The Ricketts family is considering selling shares in the Chicago Cubs to a small number of high-net worth investors, The Chicago Sun-Times reports.
  • The baseball club would use the money to fund the long-awaited $300M expansion of its Wrigley Field stadium. Alternatively, the Ricketts could finance the revamp themselves.
  • If the family, which owns 95% of the Cubs, did sell any shares, it would retain control. Tribune Company (TRBAA) holds the other 5%.
  • A Ricketts spokesman confirmed that it's "looking at a number of financial options" for overhauling Wrigley Field.
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