Tom Ricketts Discusses the Cubs Future Direction

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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.

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The Chicago Cubs didn’t lose yesterday!!

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Hey, everybody, the Cubs didn’t lose yesterday! That is right. They didn’t lose yesterday. Man, what a great feeling.

Yep, that is what this season has become. I am happy because they couldn’t lose. That is awful. But we move forward because that is what Cubs fans do.

And what is the treat we get for moving forward? The Cubs get to play three straight games against the only team that is actually worse than them! Woo-hoo. Bring on Hunter Pence and Wandy Rodriguez. What a weekend at Wrigley it will be!

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More From Mr. Cub, Cubs Owner Tom Ricketts, Sec. of State White on Cubs License Plates

Ernie Banks retired number

The Chicago Cubs unveiled a new license plate for the state of Illinois today! More on that here. Also, Mr. Cub Ernie Banks, owner Tom Ricketts, and Secretary of State Jesse White were on hand at Wrigley Field to unveil and discuss it.

Watch the two videos below to virtually join the press conference.

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New Cubs License Plate Unveiled by Ernie Banks, Jesse White, Tom Ricketts (Videos)

Before the formal press conference was even held and the design unveiled, the demand for Cubs license plates crashed the state’s system. 210 people had placed orders before the Chicago Cubs and Illinois Secretary of State Jesse White had even unveiled the new Chicago Cubs permanent license plate. Money raised from the license plates will support public schools throughout the State of Illinois. Given the dire situation within our state’s finances, a hot-selling item to infuse more public funding is quite welcome right now.

Cubs Chairman Tom Ricketts and Hall of Famer “Mr. Cub” Ernie Banks joined Secretary White for the unveiling.

“For many years I played in the wonderful Chicago Cubs organization as a center fielder,” White said. “I feel a special bond and history with the team. I am not alone. The Chicago Cubs are a legendary franchise and boast of diehard fans throughout the country who will be excited to show their team spirit and support education with these plates.”

Twenty-five dollars from each license plate goes to the Professional Sports Teams Education Fund and is earmarked for the Common School Fund which supports public schools throughout the state of Illinois.

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