Justin Ishbia, a billionaire investor, is shifting his focus from buying the Minnesota Twins to increasing his minority stake in the Chicago White Sox. He has reportedly made offers to existing limited partners to purchase shares at a valuation of around $1.8 billion, aiming for eventual majority ownership from Jerry Reinsdorf, who is nearing 89 years old. Despite the offers, White Sox officials have denied any imminent change in ownership or operations, emphasizing that the offers provide liquidity for limited partners without altering team control.
The Athletic reported that limited partners in the White Sox were approached by an investor seeking to purchase shares at a franchise valuation of about $1.8 billion.
Similar to an opportunity in 2021, White Sox limited partners have received an offer from a third party to purchase their shares in the team, providing liquidity for the limited partners on their long-term investment in the club.
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