Sale Approved!

Finally! The sale of the Cubs has been approved by Major League Baseball. The vote was unanimous to transfer the Cubs to the Ricketts family after a conference-call vote with the 29 other clubs yesterday.

The sale is expected to be completed by the end of the month.

Let's hope that the sale being done will allow the Cubs to make some moves this winter to better their ballclub. It should be interesting to see how active Ricketts wants to be.

David Kaplan brings us the following quotes:
"The Ricketts family is honored to have received the approval of Major League Baseball owners today. This is a major step forward, but the transaction is not yet complete," Tom Ricketts said.

Bud Selig's thoughts: "We're extremely pleased that the sales process is drawing to a close," said Selig "and we are confident that the Ricketts family will be great owners and custodians of the Chicago Cubs. All of us at Major League Baseball are grateful to the Tribune Company for their years of stewardship of this proud and historic franchise."

The process of the sale has been drawn out over three seasons. Gordon Wittenmyer says that we shouldn't expect a sudden payroll jump, it's more likely that Ricketts will be cautious.

In the next day or two, I'll post a Rumors/News Update as well as a post about the "Former Cub Postseason Curse."

But that's it for now, I'll keep you posted on the sale and Everything Cubs!