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Bears franchise valued at $8.8 billion: report

The Bears franchise was valued at $8.8 billion when their owners agreed to buy back a percentage of the team, according to a report Thursday.

The McCaskey and Ryan families will share in the 2% equity they agreed to by back from the estate of Andrew McKenna, Sportico reported. The deal is pending league approval.

The McCaskeys own about 77.5% of the Bears, per Sportico, with the Ryans owning the rest. Pat Ryan founded Aon and is a philanthropist and prominent booster at Northwestern, where both the basketball arena and football stadium are named after him.