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Chicago White Sox owner agrees to sell team, but could be severely delayed: Report

Thursday, June 5, 2025 13:33

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Fans put out a sign sign portraying Chicago White Sox chairman Jerry Reinsdorf as Bozo the Clown during the eighth inning against the Baltimore Orioles at Guaranteed Rate Field.

The Chicago White Sox fan base is finally seeing their dream coming to fruition of Jerry Reinsdorf selling the team he’s owned since 1981. But the finalization appears to still be on the distant horizon.

Reports surfaced before the season that a change was in the air for new ownership, as Phoenix Suns owner Justin Ishbia was halting his plans for the Minnesota Twins and setting his sights on the White Sox. However, Reinsdorf, 90, reportedly had no plans to sell the team as long as he was healthy.

The Chicago White Sox have a succession plan

Chicago Bulls chairman Jerry Reinsdorf holds the NBA championship trophy before the game between the Chicago White Sox and New York Yankees at US Cellular Field. Mandatory Credit: Jerry Lai-Imagn Images

Per Jeese Rodgers of ESPN, the White Sox announced a succession plan on Thursday to eventually give ownership to Ishbia. However, the finalization could be delayed until 2034.

“Breaking: The White Sox announce they have entered into a long term investment agreement with billionaire Justin Ishbia: “The agreement provides that, from 2029–2033, Reinsdorf will have the option to sell the controlling interest to Ishbia,” Rodgers posted on X. “After the 2034 season, Ishbia will have the option to acquire the controlling interest.

“In the event of any such future transaction, all limited partners of the Sox would have the opportunity to sell to Ishbia at that time.”

Breaking: The White Sox announce they have entered into a long term investment agreement with billionaire Justin Ishbia: “The agreement provides that, from 2029–2033, Reinsdorf will have the option to sell the controlling interest to Ishbia. After the 2034 season, Ishbia will…

— Jesse Rogers (@JesseRogersESPN) June 5, 2025

Jerry Reinsdorf has until 2034

Fans put out a sign sign portraying Chicago White Sox chairman Jerry Reinsdorf as Bozo the Clown during the eighth inning against the Baltimore Orioles at Guaranteed Rate Field. Mandatory Credit: Kamil Krzaczynski-Imagn Images

So yes, Rodgers’ report is somewhat exciting for the fan base if you like the idea of Ishbia owning the White Sox. But no final sale is imminent, and Reinsdorf could still own the team for nearly a decade.

The White Sox have won one World Series under Reinsdorf in 2005.

Chicago turned in a modern league-worst record in 2024 at 41-121. The White Sox are 19-43 this season, and are 21.5 games back from first place in the AL Central.

NBA: Playoffs Denver Nuggets at Phoenix Suns — Phoenix Suns owner Mat Ishbia (right) and brother Justin Ishbia during the game against the Denver Nuggets in game three of the 2023 NBA playoffs at Footprint Center. Mandatory Credit: Mark J. Rebilas-Imagn Images

For More Chicago Sports:

Follow me on Twitter at @JordanSig, and follow us @ChiCitySports23. You can also reach out to Jordan Sigler via email at jordanmsigler@gmail.com. To read more of our articles and keep up to date on the latest in ALL of Chicago sports, click here! Chicago Bears, Chicago Bulls, Chicago Cubs, Chicago White Sox, Chicago Blackhawks

Source: https://www.chicitysports.com/chicago-white-sox-2029-sell-news?utm_source=rss&utm_medium=rss&utm_campaign=chicago-white-sox-2029-sell-news

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