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Pete Ricketts enters race for Nebraska Governor

OMAHA, Neb. (AP) — Republican businessman Pete Ricketts has announced plans to run for Nebraska governor in his second bid for statewide office.

Ricketts announced his expected campaign on Sunday. He will be the fifth candidate in what is already a crowded GOP primary.

Ricketts was the 2006 Republican nominee for the U.S. Senate, but he lost to Democrat Ben Nelson despite spending nearly $13 million — which included about $12 million of his own money.

Ricketts is a board member at Omaha-based online brokerage TD Ameritrade. Ricketts' father helped found the retail brokerage that became TD Ameritrade.

The Ricketts family also owns the Chicago Cubs.

Ricketts told the Omaha World-Herald that he plans to run a much different campaign this time and spend less of his own money.

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