Billionaire investor Justin Ishbia has struck a preliminary agreement to become the next owner of the Chicago White Sox. Currently a minority investor, Ishbia's agreement with team owner Jerry Reinsdorf allows him to infuse capital into team operations in 2025 and 2026 before potentially taking controlling interest between 2029 and 2034. Reinsdorf has owned the team since 1981, significantly increasing its value from $20 million to over $2 billion. While no final transaction is guaranteed before 2029, this marks a significant move for the franchise's future.
"The agreement sets up Justin Ishbia for ownership of the White Sox from 2029 to 2034. Ishbia will also make capital infusions through 2026."
"Reinsdorf, the current owner, will continue to run the team until 2029, when Ishbia could take a controlling interest in the team."
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