Sam Zell and Tribune Co. are set to name the Ricketts family as the prospective buyer of the Chicago Cubs baseball team after a committee overseeing the company's bankruptcy court proceeding gave the proposed deal the green light, according to a person familiar with the matter. The bid, led by Chicago financier Tom Ricketts, son of J. Joe Ricketts, the founder of TD Ameritrade Holding Corp., is valued at nearly $900 million, according to two people involved in the bidding process.
Mr. Ricketts's main selling point was offering 50% of the purchase price in cash, with the rest financed. The other offers included more debt. [Click for MORE]
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