The Chicago Bears announced Tuesday that it has entered into a new cooperative agreement with a new, unnamed company to buy the NFL team.
The Bears announced the agreement in a statement Tuesday, saying that the team was in “close alignment” with the partnership.
It was not immediately clear if the agreement was for the Bears to move into the new building or to stay in the current facility.
Bears co-owner Eddie DeBartolo Jr. said the agreement “will enable the Bears and its players to share in a shared future.”
The Bears were expected to make an announcement about the purchase at a news conference Tuesday.
The team had previously said that it was “in a process” of looking for a new home.
The new partnership between the Bears’ owners and the new company will bring the total number of co-owners to five, according to the team.