Could Ishbia Be the Game-Changer the ChiSox Need? A Potential Shift in Ownership from Reinsdorf

Billionaire investor Justin Ishbia is poised to take over the Chicago White Sox from current owner Jerry Reinsdorf. According to a recent announcement, they have reached a long-term agreement that sets up Ishbia to potentially become the owner by 2029 but no later than 2034.

In the meantime, Ishbia will invest in the team as a limited partner in 2025 and 2026. This funding will help reduce debt and support ongoing operations. Reinsdorf, who has been the team’s owner since 1981, will remain in charge during this transition. He bought the White Sox for about $20 million, and today, the team’s value has soared to over $2 billion.

While Reinsdorf looks forward to the future, he acknowledges the team’s recent struggles. The White Sox won the World Series in 2005 but haven’t seen playoff success since then. Last season, they set a modern-day record for losses with a staggering 121 losses. This season hasn’t started on a better note, with the team winning just 19 of its first 62 games and ranking low in payroll.

Interestingly, Ishbia isn’t alone in this venture. His brother Mat, who owns the NBA’s Phoenix Suns, and their father Jeff are also significant investors in the deal. Ishbia made his fortune through Shore Capital Partners, and his experience could bring new energy to the struggling team.

As part of the discussions, the White Sox are considering plans for a new ballpark. It’s still unclear how Ishbia’s inclusion will influence that direction.

Overall, the future looks intriguing for the White Sox, especially as fan anticipation grows around Ishbia’s involvement. With potential financial support and a fresh perspective, fans hope the once-great franchise will begin to thrive again.

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