The Cubs file for Chapter 11 bankruptcy protection in Wilmington, Delaware. The anticipated short-term move will allow the club’s owner, the Tribune Company, to sell the team in an $845 million deal to the family of TD Ameritrade Holding Corp.’s founder, Joe Ricketts.

This Day In Baseball

On October 12, 2009 — The Cubs file for Chapter 11 bankruptcy protection in Wilmington, Delaware. The anticipated short-term move will allow the club’s owner, the Tribune Company, to sell the team in an $845 million deal to the family of TD Ameritrade Holding Corp.’s founder, Joe Ricketts.

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