# Chicago Cubs

Chicago Cubs is an other based in Chicago, United States.

## Overview

- **Organization type:** other
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 1876
- **Assets under management:** Undisclosed
- **Website:** cubs.com
- **LinkedIn:** https://www.linkedin.com/company/chicago-cubs

## Regulatory record

- **Reports private funds:** No

## About

The official website of the Chicago Cubs with the most up-to-date information on news, tickets, schedule, stadium, roster, rumors, scores, and stats.

## Sectors

- Entertainment & Media

## People

- Thomas S. Ricketts — Owner and Chairman
- Jed Hoyer — President of Baseball Operations
- Crane Kenney — President of Business Operations

## Questions

### Who owns the Chicago Cubs, and how is the ownership structured?

The Chicago Cubs are owned by the Ricketts family, led by Chairman Tom Ricketts. The family purchased the team in 2009 for $900 million. Ownership is split among siblings Tom, Laura, Todd, and Pete Ricketts, with Tom holding the controlling stake and serving as chairman. The ownership entity is structured as a holding company.

### How is the Ricketts family wealth derived?

The family wealth originates from TD Ameritrade, the online brokerage founded by J. Joseph Ricketts in 1975. J. Joseph Ricketts served as CEO and chairman until the firm's sale to Charles Schwab in 2020 for $22 billion. The family also holds investments in real estate and other assets through the Ricketts Family Office.

### What media rights does the Cubs ownership control?

The Cubs launched Marquee Sports Network in 2020, a regional sports network jointly owned by the team (majority) and Sinclair Broadcast Group. Marquee holds the exclusive TV rights to Cubs games, replacing the prior cable contracts. The network is a direct revenue stream for the team and a new asset class for the Ricketts family.

### Does the Cubs organization make outside investments beyond the team?

The Ricketts family maintains a separate family office (Ricketts Family Office) that invests in private equity, real estate, and other assets independent of the Cubs. The team itself does not make external investments; its capital is deployed into player payroll, stadium operations, and baseball infrastructure. The two entities are distinct.

### What is the Cubs' annual operating budget and revenue footprint?

Forbes estimated the Cubs' annual revenue at approximately $550 million in 2023, driven by ticket sales, concessions, and media rights. Team payroll has historically been among the highest in MLB, peaking at around $230 million in 2020. The team also receives revenue-sharing payments from MLB and generates real estate income from the Wrigleyville development.

### Are there external investors in the Cubs ownership group?

The Ricketts family controls the Cubs with no external institutional investors. The siblings hold equity in the ownership vehicle. The structure is a standard single-family controlling interest. There is no publicly traded or fund-based co-ownership.

### What is the Cubs' stance on using leverage or debt in operations?

The initial 2009 purchase used debt financing, an unusual move for a sports franchise. The Cubs currently carry debt on Wrigley Field renovations and the stadium development. The team maintains an investment-grade credit profile. Operating debt is managed within MLB's debt service rules.

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Last updated: 2026-06-03T20:00:00.000Z

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