Chicago White Sox owner agrees to sell team, but could be severely delayed: Report

Per Jeese Rodgers of ESPN, the White Sox announced a succession plan on Thursday to eventually give ownership to Ishbia. However, the finalization could be delayed until 2034.

“Breaking: The White Sox announce they have entered into a long term investment agreement with billionaire Justin Ishbia: “The agreement provides that, from 2029–2033, Reinsdorf will have the option to sell the controlling interest to Ishbia,” Rodgers posted on X. “After the 2034 season, Ishbia will have the option to acquire the controlling interest.

“In the event of any such future transaction, all limited partners of the Sox would have the opportunity to sell to Ishbia at that time.”

Jerry Reinsdorf has until 2034

So yes, Rodgers’ report is somewhat exciting for the fan base if you like the idea of Ishbia owning the White Sox. But no final sale is imminent, and Reinsdorf could still own the team for nearly a decade.

The White Sox have won one World Series under Reinsdorf in 2005.

Chicago turned in a modern league-worst record in 2024 at 41-121. The White Sox are 19-43 this season, and are 21.5 games back from first place in the AL Central.