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White Sox Unveil Framework for Potential Ownership Transfer to Justin Ishbia

By requiring Ishbia to inject capital over two years starting in 2025, the agreement paves the way for a controlling stake sale as early as 2029.

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CHICAGO, ILLINOIS - MAY 01: Chairman Jerry Reinsdorf of the Chicago White Sox watches his team play against the Cleveland Indians at Guaranteed Rate Field on May 01, 2021 in Chicago, Illinois.
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Overview

  • The deal designates Justin Ishbia as a limited partner responsible for capital infusions in 2025 and 2026 to reduce debt and support team operations.
  • Jerry Reinsdorf remains the sole day-to-day decision-maker and retains controlling interest through at least the 2029 season.
  • Between 2029 and 2033, Reinsdorf holds the option to sell a controlling stake to Ishbia, who gains the unilateral right to acquire full control after 2034.
  • Mat Ishbia and Jeff Ishbia will join Justin as significant investors under the agreement, consolidating the family’s involvement in the franchise.
  • The White Sox’s lease at Rate Field expires following the 2029 season, highlighting stadium planning as a key factor in the transition.