Source: Ricketts is Preferred Bidder for Cubs

The Tribune Co. has selected a favored bidder for the Chicago Cubs and has forwarded the offer to the media company’s creditors, sources said today.

One person familiar with the process said the endorsed bid was from Thomas Ricketts, president of corporate bond dealer Incapital LLC. He is the son of Joseph Ricketts, founder of the TD Ameritrade brokerage.

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