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White Sox Spring Training Opens Amidst Fresh Ownership Rumors
Photo: Mark J. Rebilas-Imagn Images

The Chicago White Sox kick off their Cactus League schedule tomorrow against their crosstown rivals, the Chicago Cubs, marking the official start of their 2024 Spring Training campaign. 

While much of the focus will be on new faces in camp, including returning right-hander Mike Clevinger on a minor-league deal with a non-roster invite, the bigger storyline surrounding the franchise is not about what's happening on the field but rather, what's happening off of it.

As the White Sox brace for what could be their third consecutive 100-loss season, the organization faces mounting uncertainty regarding their long-term home. A new report suggests that a previous ownership bid could be back on the table, which could dramatically alter the franchise's trajectory.

Ishbia Brothers Reignite Interest in White Sox Purchase

Last year, reports surfaced that the Ishbia brothers, Justin, who runs Shore Capital Partners in Chicago, and his brother Mat, the CEO of United Wholesale Mortgage, were interested in purchasing the White Sox from longtime owner and chairman Jerry Reinsdorf. However, their bid was ultimately rebuffed, leading them to shift their focus toward acquiring the Minnesota Twins.

That deal, however, appears to have soured. Reports indicate that the Ishbias have now turned their attention back to the White Sox, looking to increase their minority stake in the organization. 

During their pursuit of the Twins, the Reinsdorfs reportedly approached Justin Ishbia to discuss increasing his stake in the White Sox, according to a source familiar with the negotiations. The deal, which is being facilitated by Chicago-based investment advisors BDT & MSD Partners, still requires approval from Major League Baseball. Another source indicated that if Justin Ishbia were to take control of the franchise, he would be the principal owner, with his brother Mat serving as an investor.

With stadium uncertainty looming and a struggling on-field product, a change at the top might be the catalyst for a much-needed reset within the organization.

Reinsdorf has owned the White Sox since purchasing the team from Bill Veeck in 1981. Still, after years of mismanagement, cost-cutting, and public frustration, his continued ownership remains a divisive issue among fans. If the Ishbias, already minority shareholders, are serious about taking control, this could mark a turning point in the franchise's future.

Stadium Uncertainty Looms Large

The White Sox lease at Guaranteed Rate Field expires after the 2029 season, and the team has been actively exploring stadium options. The most discussed possibility is a move to The 78, a massive development project in Chicago's South Loop. 

However, securing public funding for a new stadium has proven a significant hurdle, with city officials and taxpayers showing little interest in footing the bill for another sports venue.

Relocation could become a legitimate possibility if a deal in Chicago doesn't materialize. Nashville has long been considered a prime expansion city for Major League Baseball, and the White Sox could position themselves as a relocation candidate should ownership decide that Chicago is no longer a viable long-term home.

To ensure a stadium is ready before their current lease expires, the White Sox must begin construction no later than 2025. That rapidly approaching deadline could force the franchise into a decision sooner rather than later.

What's On Tap Next?

With another tough season ahead, White Sox fans are desperate for any sign of hope. New ownership, particularly one willing to invest in the team's success, would be a welcome sight. If the Ishbias are serious about acquiring the franchise, and Reinsdorf finally entertains selling, it could usher in a new era of White Sox baseball.

At the same time, the stadium dilemma remains unresolved. If the city of Chicago refuses to fund a new ballpark, Reinsdorf (or a new owner) may have no choice but to explore other options, including relocation.

White Sox fans have endured years of disappointment. Whether it's new ownership, a new stadium, or even a new city, one thing is clear: change is coming. The only question is what form it will take.

This article first appeared on On Tap Sports Net and was syndicated with permission.

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