The Chicago White Sox have announced a significant long-term investment agreement between chairman Jerry Reinsdorf and minority owner Justin Ishbia. This deal establishes a framework for Ishbia to potentially obtain a controlling interest in the team in the future. Ishbia plans to make capital injections in 2025 and 2026 to alleviate existing debt and to support team operations. Although there is no immediate change in control, the agreement allows Reinsdorf to sell his stake between 2029 and 2033, with Ishbia's acquisition option following the 2034 season.
The White Sox announced a long-term investment agreement between chairman Jerry Reinsdorf and minority owner Justin Ishbia, paving the way for Ishbia to obtain a controlling interest.
Under the terms of the agreement, Ishbia will make capital infusions to the White Sox in 2025-26, aimed at paying down debt and supporting operations.
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