"Billionaire investor Justin Ishbia is poised to acquire controlling ownership of the Chicago White Sox, starting as a limited partner in 2025 and transitioning fully by 2034."
"The long-term transition agreement with Jerry Reinsdorf allows him to retain control until 2029, after which he can sell the team or maintain his controlling interest."
The Chicago White Sox announced on June 5 that billionaire investor Justin Ishbia will acquire controlling ownership from Jerry Reinsdorf through a phased agreement beginning in 2025. Ishbia, who will start as a limited partner, will help financially stabilize the team ahead of the eventual transition. Reinsdorf, who bought the team in 1981, will maintain day-to-day operations until at least 2029, with options for a sale occurring between 2029 and 2034, depending on his decision.
Read at The Economic Times
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