The Chicago White Sox organization revealed that Jerry Reinsdorf has agreed to a deal with billionaire Justin Ishbia for a controlling stake in the team. While the ownership transition won't happen until as late as 2034, Ishbia will support team operations financially in the interim. This announcement follows the Chicago Fire's decision to build a new stadium on a plot of land that Reinsdorf coveted for a new ballpark. Fans are hopeful that Ishbia's wealth will lead to a more engaged and invested ownership team.
Regardless of what motivated Reinsdorf to make this deal and announce it to the fanbase, I now have four hopes for the organization once Justin Ishbia becomes the controlling owner.
It's just nice to have a succession plan laid out after months of Reinsdorf being reportedly resistant to one.
Forbes estimates Ishbia's net worth to be over $4 billion. His brother Mat, who will also be involved in the ownership group, is estimated to have a net worth of over $7 billion.
Until then, Ishbia is going to kick in annual payments to Reinsdorf to fund team operations.
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