The Chicago White Sox on Thursday made a significant announcement about their ownership situation going forward.
The White Sox revealed that current owner Jerry Reinsdorf has reached an agreement with minority owner Justin Ishbia to eventually allow Ishbia to obtain a controlling interest in the team. The agreement ensures that Ishbia will eventually have the option to purchase a controlling interest, but Reinsdorf will remain the principal owner until at least 2029.
As part of the agreement, Ishbia’s brother, Phoenix Suns owner Mat Ishbia, will also be a significant investor in the franchise. Justin Ishbia will also invest significantly in the franchise before the purchase window opens to help the organization pay down existing debt.
