Ricketts and his siblings Tom, Laura and Todd purchased the Cubs four years ago from Tribune Co. Pete, who handles much of the business side of the operation from Nebraska where he lives, is the only sibling who does not reside in Chicago.
Prior to purchasing the Cubs at the end of October 2009, Ricketts had made an unsuccessful run for the Nebraska senate in 2006. He has confessed to learning a lot about running a campaign since losing that race. Whether he will pour his own money into the run for governor as he did in his senate bid remains to be seen, though he told one reporter where he thought he was doing the right thing by not relying on other people’s money, he was perceived as trying to buy his way into the Senate.
His business experience is what he hopes will help carry him this time around. His experience includes Republican national committee member from 2007- 2012, founder of asset management company Drakon LLC and a member of the board of directors for TD Ameritrade, in addition to his duties as a member of the Chicago Cubs Board of Directors.
Each of the siblings plays a special role in running the Cubs. Pete’s expertise has been on the business side. It appears that nothing about his role in the family’s running of the Cubs will change.
‘My family and I are proud of Pete and we will support him in his campaign for Governor of Nebraska,” said Cubs Chairman Tom Ricketts. “In the meantime, nothing changes about this role on the Cubs board.”
This should be fairly easy until the final stretch of the campaign since his lack of presence in Chicago has made him a mystery man to some and unknown to others with one Cubs fan recently telling Examiner.com that he had never heard of Pete before. This is understandable when Tom is the face of the franchise, Laura is involved with the charitable arm of the organization and Pete is well known for organizing bicycle trips and his work on an episode of Undercover Boss. In a way, Ricketts may seem like an outsider to Cubs fans. Whether Ricketts chooses to include his position with the Cubs in his campaign also remains to be seen. Image is everything in a political campaign and the current image of the Cubs surely won’t help his overall image, though Cubs fans hope that will change during the off season.