DeVos family buys minority stake in Chicago Cubs

Posted at 10:21 PM, Mar 03, 2015
and last updated 2015-03-03 22:21:34-05

GRAND RAPIDS, Mich. — Grand Rapids’ DeVos family has purchased a minority interest in the Chicago Cubs baseball team.

The Chicago Tribune announced Tuesday evening that it had discovered five new minority partners in the Cubs, thanks to the team’s 2015 media guide. The Tribune listed them as the DeVos family along with packaging company executive Andrew Berlin, retired businessman William Comrie, IMT Capital executive Cory Thabit, and a fifth partner listed only as O.C., L.L.C.

The Cubs are owned by the Ricketts family, who closed deals with the limited partners last month to help finance $375 million in renovations at Wrigley Field, which was built in 1914.

Tuesday night, the DeVos family released a statement to FOX 17 NEWS:

“Hailing from the Midwest and having followed the Chicago Cubs for many years, the DeVos Family is proud to confirm that we have invested a non-controlling interest in the Chicago Cubs and the Wrigley Field renovation project. We respectfully refer any further questions on this topic to the Cubs organization.”

Members of the  DeVos family co-own Alticor, which owns Amway, and the NBA’s Orlando Magic.

The Cubs open their 2015 season April 5 with a Sunday night home game at Wrigley Field against the St. Louis Cardinals.

Read the full story in the Chicago Tribune.