New ownership takes over.
Say it's so.
CHICAGO -- Major League baseball owners yesterday unanimously approved the sale of the Chicago Cubs from the bankrupt Tribune Co. to the family of online brokerage billionaire and longtime fan Joe Ricketts.
The vote was made during a conference call. Tom Ricketts, who has headed the sale for his family, could take day-to-day control of the Cubs by the end of the month.
Commissioner Bud Selig says the Ricketts family will be "great owners and custodians" of the storied franchise perhaps best known for a World Series championship drought that now stands at 101 years.
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