Tom Ricketts will be the majority owner of this new Chicago football team.
Cubs owner Tom Ricketts partners with Chicago developer Sterling Bay to bring Chicago to the United Soccer League, announced the league on Wednesday
Ricketts has been the owner of Cubs since 2009 and becomes the majority owner of this USL Team, while Sterling Bay will develop and own the stadium, in addition to a portion of the team.
The USL has a partnership with MLS to act, in part, as a development league, and Chicago already has an MLS team with the Chicago Fire.
Sterling Bay confirmed plans in November to bring a 20,000-seat stadium along the west side of the Chicago River, which will likely have a retractable roof, according to Ryan Ori of the Chicago Tribune .
"We could not be more excited to work with the Ricketts family to bring this project to life," said Sterling Bay's Managing Director Andy Gloor in a statement. "With their in-depth expertise in sports franchising, the Ricketts are an ideal partner for us to bring sports fans together with a new local team in Chicago"
The Chicago USL team is expected to play in 2021