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As a rabid sports fan and a financial blogger, I couldn't let this news slide untouched across my desk. It appears that the Chicago Cubs are about to be sold to the Ricketts family.
The Tribune Company has been trying to sell the Cubs for more than two years in order to reduce the company's debt, and the Ricketts family has stepped to the plate. Back in January the Ricketts family agreed to buy the team and other assets for $900 million, and the recent terms are reportedly very similar to that.
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