Ricketts asking for $450 million

Updated: May 18, 2009, 7:13 PM ET
Associated Press

CHICAGO -- Tom Ricketts, who heads his family's nearly $900 million bid to buy the Chicago Cubs from Tribune Co., has turned to three banks for financing.

The three banks that would finance $450 million are JPMorgan Chase, Citigroup and Bank of America, a person close to the family said Monday. The person spoke anonymously because a deal has not been announced.

The story was first reported by the SportsBusiness Journal.

"We'll decline to comment on this speculation," Tribune ...

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