The Chicago White Sox announced a long-term agreement enabling Justin Ishbia to potentially acquire a controlling interest in the team. Starting in 2025, Ishbia, a Chicago-based private equity founder, will invest capital to relieve the team's debts and support operations. Jerry Reinsdorf, the current chairman, retains control until 2029, with Ishbia able to purchase the team between 2029 and 2033, and officially assume control after the 2034 season. Limited partners will have the opportunity to sell to Ishbia as well, with significant investment interests from his family.
A plan for the future of the Chicago White Sox includes Justin Ishbia stepping in as a potential controlling partner by 2034.
The agreement allows Ishbia to make capital investments to help pay down the White Sox’s debts and support operations.
Reinsdorf will maintain control of the franchise until at least 2029, after which Ishbia has the option to purchase a controlling stake.
Ishbia's family will be involved in this transaction, allowing limited partners the chance to sell to him in future deals.
Collection
[
|
...
]