The Ricketts family paid $845 million for the Chicago Cubs and Wrigley Field in October 2009, nearly 10 years ago. (Man, hard to believe it’s already been a decade!)
Friday, Robert Channick of the Tribune revealed some information that pins the current team value at $2.15 billion:
The Chicago Cubs paid Tribune Media $107.5 million for the broadcast company’s remaining 5 percent ownership stake in the team, a deal that values the club at $2.15 billion.
For those of you keeping score at home, that’s about 100 times what Tribune paid for the team nearly 40 years ago.