The Chicago Cubs are one of the two teams representing the state of Chicago, United States, in Major League Baseball (MLB). Originally formed in 1870 as the Chicago White Stockings, they kept the name till 1889. Since then, they have changed their names to the Chicago Colts from 1890 to 1897 and the Chicago Orphans from 1898 to 1902 before settling on their present name in 1903. The team are a part of the National League (NL) and has been nicknamed “The North Siders” in keeping with their American League (AL) rivals, the Chicago White Sox, who are nicknamed “The South Siders”.
The Chicago Cubs are a three-time recipient of the World Series title in 1907, 1908, and 2016. They have also won 17 NL championships along with two NL East Division titles and four NL Central Division titles. The team’s home ground has been the Wrigley Field since 1916. They have also achieved a win-loss record of 11315-10756 throughout 149 seasons as of 2024.
Who Owns the Chicago Cubs?
The Chicago Cubs have been under the ownership of The Ricketts Family since October 27, 2009, as per the MLB official website. The Ricketts family purchased 95% interest in the team along with Wrigley Field. They also purchased 25% of the Tribune Family’s interest in Comcast SportsNet for $845 million.
Tom Ricketts has taken up the role of the chairman of the Chicago Cubs. Hailing from Omaha, Nebraska, United States, he is notable for being the son of Joe Ricketts, who founded Ameritrade. It was renamed TD Ameritrade by acquiring TD Waterhouse in 2006 as per Forbes. Besides being the chairman of the Chicago Cubs, Tom Ricketts also served as the chairman of Incapital LLC since September 1999 as per his LinkedIn profile. Talking about the Chicago Cubs, the Ricketts Family sold equity in 2014 to raise $150 million for renovating the Wrigley Field Stadium as per Forbes. This sale resulted in the team having an all-time high value of $1.8 billion. Apart from Tom Ricketts, other members of the family include Laura Ricketts and Todd Ricketts who are board of directors of the Chicago Cubs. The Ricketts Family has a net worth of $4.5 billion as of 2024.
What is the Net Worth of the Chicago Cubs?
The Chicago Cubs have a net worth of $4.225 billion as of March 2024 as per Forbes. This consists of the team’s sports value of $275 million, market value of $2,121 million, stadium value of $1,148 million, and brand value of $681 million.
List of Chicago Cubs Owners
The following includes the list of all the owners that the Chicago Cubs have had as of 2024 as per the MLB official website -
| Year | Ownership |
| 1876 | William A. Hulbert |
| 1882 | Albert Spalding |
| 1902 | James Hart |
| 1905 | Charles Murphy |
| 1914 | Charles Taft |
| 1916 | Charles Weeghman |
| 1921 -1980 | Wrigley Family (William Wrigley Jr., Phillip K. Wrigley, and William Wrigley) |
| 1981-2009 | The Tribune Company |
| 2009-Resent | The Ricketts Family (Joe Ricketts, Tom Ricketts, Laura Ricketts, and Todd Ricketts) |
Chicago Cubs Owners FAQs
A. The Ricketts Family presently owns the Chicago Cubs as of 2024.
A. The Ricketts family made their money through their brokerage family, TD Ameritrade.
A. The Chicago Cubs are worth $4.225 billion as of 2024.
A. Weeghman Park was the original name of Wrigley Park.
A. Tribune Family are the minority owners of the Chicago Cubs as they own a 5/% interest in the team.
