CHICAGO – The North Side is rocking as multiple sources close to the situation reveal that legendary pitcher Kerry Wood, a Cubs icon in the late 1990s and early 2000s, is finalizing a plan to invest about $85 million to buy back a portion of the team, officially returning to his old home as a co-owner of the Chicago Cubs.
If the deal is confirmed, Kerry Wood would become the first former Cubs player in modern history to move into senior leadership – a move that could reshape the team’s financial future, culture, and identity.
Wood, who was dubbed “The Kid with 20 Ks” after his legendary 20-strikeout in 1998, has been quietly engaged in talks for more than four months with the Ricketts Group, the Cubs’ current owners, according to the Chicago Tribune. He reportedly wants to “bring the Cubs’ heritage back to the center of every decision,” as the team attempts to rebuild after two tumultuous seasons.
“I’m not looking for fame or power,” Wood reportedly told a close friend in MLB circles. “I just want the Cubs back to what they were — a family, a faith, a part of the heart of Chicago.”
Sports analysts at ESPN described the possibility as “a historic move” that could create a similar boost in morale as Derek Jeter becoming co-owner of the Miami Marlins in 2017.
Besides the symbolic element, experts believe that Wood is aiming for a sustainable development model, focusing on internal training, strengthening the pitching staff and building a direct relationship with the fans – something he has always considered “the heart of the Cubs”.
Since retiring in 2012, Kerry Wood has always been closely tied to the city of Chicago. He founded the Wood Family Foundation, supports local children and maintains many community programs right in Wrigleyville. It is that constant presence that has never faded the name “Wood” in the minds of Cubs fans.
On social media, this rumor immediately caused a storm. Tens of thousands of fans used the hashtags #BringBackWood and #CubsForever. One longtime fan wrote:
“If Kerry Wood does indeed return as a co-owner, it’s not just news — it’s the salvation of the Cubs. He knows what blue blood means.”
Meanwhile, sports finance insiders believe Wood’s $85 million investment could give him a 5–6% stake in the team, making him one of the most influential co-owners in the new structure — especially if the Cubs’ financial restructuring goes through in 2026 as planned.
As for the team, President Jed Hoyer declined to comment further, leaving only a vague statement:
“Kerry will always be part of the Cubs family. Wrigley is always open to anyone who has their heart here.”
That statement only made fans believe the unthinkable was actually happening.
And if the deal goes through, Kerry Wood – who once made MLB bow with his right hand – could now transform the Cubs with his heart.
Wrigley Field could be about to see a new era – one where legacy lives not just in memory, but in power.
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