Tom Ricketts Discusses the Cubs Future Direction

tom _ricketts

Thomas S. “Tom” Ricketts is chairman of the Chicago Cubs, and CEO of Incapital LLC, a Chicago investment bank that packages corporate bonds for retail investors. The son of Ameritrade founder J. Joseph Ricketts, Tom also directs TD Ameritrade Holding Corporation.

Forbes estimates the Ricketts’ family wealth ($1 Billion), consolidated under J. Joseph Ricketts at #371/ 400 on the Forbes 400 list. Tom reportedly makes only $171,000 a year in his role as TD Ameritrade Director, but the money he makes from as CEO of Incapital LLC is unknown. (and likely big money).

Ricketts co-founded the company in 1999, after working for the Chicago Board Options Exchange and ABN Amro. According to Forbes, “Incapital underwrites for several major U.S. corporations through its InterNotesSM product platform.”

In July 09, the Ricketts family reached an agreement with the Tribune Company to purchase the Cubs, Wrigley Field, and 25% of Comcast SportsNet Chicago for close to $900 million.

The deal was approved three months later, with Tom Ricketts board chairman, over 95% ownership of the team, Wrigley Field and 20% ownership of Comcast SportsNet Chicago. The Tribune retains 5%.

Let’s look at where he’s ended next.

[Read more…]