US EditionWhite Sox Owner Reaches ‘Long-Term’ Deal for Potential Sale of Team to Justin Ishbia
- The Chicago White Sox announced a long-term agreement on June 5, 2025, for Justin Ishbia to gradually acquire a controlling interest in the team in Chicago.
- The deal arose after Ishbia showed interest in baseball ownership and will have him make capital infusions in 2025 and 2026 to pay down debt and support operations.
- The agreement grants Jerry Reinsdorf, the current owner since 1981, the option to sell control to Ishbia between 2029 and 2033, with Ishbia having a purchase option after 2034.
- Last year, the White Sox set a modern MLB record with 121 losses and had a $67.9 million payroll ranking 28th, while Forbes values the team at $2 billion and Ishbia's net worth at about $4.3 billion.
- This arrangement suggests a gradual ownership transfer amid rebuilding challenges and leaves no guarantee a sale will occur before 2029, continuing Reinsdorf's nearly 50-year tenure for now.
27 Articles
27 Articles
Chicago White Sox GM Chris Getz wants to ‘stay on track and stay disciplined’ in wake of sale agreement
Chris Getz has spent “a little bit of time” with Justin Ishbia. “More of a casual encounter than anything,” the Sox general manager said Friday afternoon at Rate Field. “Seems like a very knowledgeable person when it comes to the game. I know he’s got a passion for baseball.” Getz pointed out a commonality between the two of coming from the metro Detroit area and making their way to Chicago. “So there’s always something to talk about,” Getz said…
Capitol Fa - Your Illinois News Radar » White Sox announce long-term ownership agreement with Chicago billionaireCapitolFax.com
* Forbes currently estimates Justin Ishbia’s net worth at $4.3 billion. From a Tribune reporter… Here is part of the release from the White Sox: [image or embed] — LaMond Pope (@lamondpope.bsky.social) June 5, 2025 at 12:02 PM Ishbia is the founder of Chicago-based Shore Capital Partners. The full statement is here. Reinsdorf remains the “sole [...]
Reinsdorf, Ishbia reach deal that could lead to transfer of White Sox ownership – NBC5 (Chicago)
Justin Ishbia founded and manages Shore Capital Partners, a Chicago-based private equity firm. His current net worth is $5.1 billion, according to Forbes Magazine. In 2023, Justin and brother Mat purchased a majority stake in the NBA’s Phoenix Suns and the WNBA’s Phoenix Mercury in 2023, giving them experience in operating major sports franchises.
White Sox fans hail news of potential team sale: 'It gives us a little bit more hope'
White Sox fans welcomed the news Thursday that team chairman Jerry Reinsdorf has reached a long-term agreement that sets a framework for minority investor Justin Ishbia to eventually take controlling interest in the team.Reinsdorf, 89, has owned the franchise since 1981 when he and Eddie Einhorn led a group to purchase the Sox from Bill Veeck. Since then, the Sox have won one World Series in 2005 and have reached the playoffs six other times.“We…
Paul Sullivan: Jerry Reinsdorf’s clumsy handoff of the White Sox only adds to his checkered baseball legacy
CHICAGO — If only Jerry Reinsdorf took the lead of former President Richard Nixon, who said goodbye to the media in 1962 after losing the California gubernatorial race. “I leave you gentlemen now, and you will write it,” Nixon said.…
Pray For The League! Jerry Reinsdorf Agrees To Transfer Controlling Interest Of The White Sox To Justin Ishbia As Early As 2029
Giphy Images.Today, my friends, is a good day. Let's start with the small news: Hey! The kids can play - IYKYKAnd then, the BIG news: Thank fucking GOD it's official. There have been whispers and rumo...
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