The Chicago White Sox on Thursday made a significant announcement about their ownership situation going forward.
The White Sox revealed that current owner Jerry Reinsdorf has reached an agreement with minority owner Justin Ishbia to eventually allow Ishbia to obtain a controlling interest in the team. The agreement ensures that Ishbia will eventually have the option to purchase a controlling interest, but Reinsdorf will remain the principal owner until at least 2029.
As part of the agreement, Ishbia’s brother, Phoenix Suns owner Mat Ishbia, will also be a significant investor in the franchise. Justin Ishbia will also invest significantly in the franchise before the purchase window opens to help the organization pay down existing debt.
Big news from the White Sox regarding the team’s potential long-term ownership situation: pic.twitter.com/ZiCLxaqAPn
— Mark Feinsand (@Feinsand) June 5, 2025
This will be welcome news for many White Sox fans, though the lengthy period of time before any agreement could take place will likely limit the enthusiasm. It suggests Reinsdorf will remain in charge and calling the shots for several more years, at the very least.
The White Sox have fallen on hard times under Reinsdorf’s leadership, including an MLB-record 121 losses in 2024. There were rumors late last year that the 89-year-old might be open to selling, and it emerged earlier this year that Ishbia could be trying to make it happen.
Ishbia also looked into a purchase of the Minnesota Twins, but ended that pursuit earlier this year. That sale process is still ongoing, and reports have indicated it is turning out to be a struggle.
