USA TODAY Sports

Todd Ricketts, part of the Chicago Cubs' ownership group, withdrew his name Wednesday from consideration to become President Trump's deputy commerce secretary.

The decision by Ricketts was due to the difficulties untangling his financial holdings to satisfy the Office of Government Ethics, the Chicago Sun-Times reported.

Trump nominated Ricketts for the position on Nov. 30. Ricketts, who oversaw political operations for his family, has become more active in the political arena in recent years. He had filed the required financial disclosure statement with the Senate Commerce Committee, but a hearing was not scheduled until he obtained clearance from the Office of Government Ethics.

Ricketts threw out the first pitch along with siblings Laura and Tom Ricketts at the Cubs' home opener April 10. Pete Ricketts, another sibling, is the governor of Nebraska.

In Trump's Nov. 30 statement, he said Ricketts “is an immensely successful businessman with unparalleled knowledge of the finance industry.

“As Deputy Commerce Secretary he will help us cut waste and streamline government so that it works for the people of America. The incredible job he and the Ricketts family did in the purchase and turnaround of the Chicago Cubs – one perfect step after another, leading to the World Championship, is what I want representing our people. I am very proud to have him on our team."