The Chicago White Sox announced on June 5 that billionaire investor Justin Ishbia will acquire controlling ownership from Jerry Reinsdorf through a phased agreement beginning in 2025. Ishbia, who will start as a limited partner, will help financially stabilize the team ahead of the eventual transition. Reinsdorf, who bought the team in 1981, will maintain day-to-day operations until at least 2029, with options for a sale occurring between 2029 and 2034, depending on his decision.
Billionaire investor Justin Ishbia is poised to acquire controlling ownership of the Chicago White Sox, starting as a limited partner in 2025 and transitioning fully by 2034.
The long-term transition agreement with Jerry Reinsdorf allows him to retain control until 2029, after which he can sell the team or maintain his controlling interest.
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