The Chicago Cubs are an American professional baseball team located on the North Side of Chicago, Illinois. The Cubs compete in Major League Baseball (MLB) as a members of the National League (NL) Central division; the team plays its home baseball games at Wrigley Field. The Cubs are also one of two active major league teams based in Chicago; the other is the Chicago White Sox, who are a member of the American League (AL) Central division. The team is currently owned by Thomas S. Ricketts, son of TD Ameritrade founder Joe Ricketts.