The historic Wrigley Field and the Chicago Cubs franchise are owned and operated by the Ricketts family, led prominently by patriarch Joe Ricketts and his children, who acquired controlling ownership of the team from the Tribune Company. Since taking over stewardship of the historic ballpark, the Ricketts family has invested hundreds of millions of dollars into comprehensive structural renovations, modernizing the clubhouse facilities, expanding the surrounding Wrigleyville entertainment district, and preserving the timeless ivy-covered brick walls and hand-operated scoreboard. Their leadership has successfully blended the historic charm of the friendly confines with modern corporate sports business operations, guiding the franchise through its historic championship era.