(CBS) — The Ricketts family is looking for a few people with deep pockets who want to become minority owners in the Cubs.
There has to be a philosophical fit, along with deep pockets. Family spokesman Dennis Culloton said the Ricketts are not interested in selling shares of stock to the public, Green Bay Packers-style.READ MORE: Man Arrested In Countless Social Media Threats Directed At CPS Schools, Days After Shootings Kill 2 Simeon Career Academy Students
“This would be high-network individuals potentially investing,” Culloton says.READ MORE: Chicago Weather: Warm Winds Friday
Nor, he said, would the Ricketts family give up any of its 95 percent control of the team.
The shares would be non-voting, although Culloton said no decision has been made on the number of shares to be sold or at what price. Family members also are looking at other options.MORE NEWS: Hate-Filled Letters Falsely Claiming To Be From A Judge Sent To Minority-Owned North Suburban Restaurants
But he said all financing and stock sales will depend on a successful conclusion to the ongoing negotiations the team is having with rooftop owners concerning the team’s plan to expand and renovate the 100-year-old ballpark.