Cubs co-owner Todd Ricketts out of running for Trump administration post

Ricketts had been tabbed to serve as President Donald Trump's Deputy Commerce Secretary.

Cubs co-owner Todd Ricketts has pulled his name from consideration for a high-level post in President Donald Trump's administration, the Chicago Sun-Times reports.

Trump nominated Ricketts for the Deputy Commerce Secretary post in November, and the 47-year-old has spent the interim months being vetted by the Office of Government Ethics.

The Sun-Times reported Ricketts was willing to divest his personal investment portfolio to satisfy ethics requirements, but his stake in his family's many businesses proved too complicated to resolve.

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Ricketts' withdrawal mirrored that of Florida Panthers owner Vincent Viola in February. Viola had been nominated to serve as Trump's Secretary of the Army, but the billionaire businessman found the task of separating his business ties from potential government work to be "insurmountable."

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