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Reinsdorf

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sports7 months ago•2 min saved

Justin Ishbia Nears Deal to Acquire Chicago White Sox

Chicago White Sox owner Jerry Reinsdorf has reached an agreement with billionaire Justin Ishbia that allows Reinsdorf to sell the team to Ishbia between 2029 and 2033, with Ishbia having the option to acquire full control after 2034. Reinsdorf, who has owned the team since 1981, will remain the day-to-day decision maker until the transfer occurs. Ishbia, also involved with the Phoenix Suns and Nashville SC, has held a minority stake in the White Sox since 2021.

via New York Post|

#justin-ishbia #mlb #ownership

sports7 months ago•5 min saved

Justin Ishbia to acquire Chicago White Sox starting in 2029 amid stadium talks

Jerry Reinsdorf has reached a long-term agreement to sell the Chicago White Sox to Justin Ishbia, with the earliest potential sale occurring after 2029, while Reinsdorf retains control until then. The deal involves Ishbia making capital investments in 2025 and 2026, with options for future ownership transfer between 2029 and 2034. Reinsdorf, who has owned the team since 1981, plans to continue leading the team until the sale, amid recent poor on-field performance and discussions about a new ballpark.

via Chicago Tribune|

#justin-ishbia #mlb #reinsdorf

sports7 months ago•2 min saved

Justin Ishbia to assume controlling stake in the Chicago White Sox from Jerry Reinsdorf

Justin Ishbia is set to potentially take over ownership of the Chicago White Sox through a long-term agreement with current owner Jerry Reinsdorf, who will retain control until at least 2029, with options extending to 2034. Ishbia, a billionaire investor, will make capital contributions in the coming years and has the possibility to acquire controlling interest later, with significant family investments involved.

via ESPN|

#justin-ishbia #mlb #ownership