White Sox Outline Multi-Stage Sale to Ishbia

The Chicago White Sox have entered a long-term investment agreement with billionaire Justin Ishbia that establishes a formal path for him to potentially acquire controlling ownership of the team. Under the deal, Ishbia will provide capital infusions as a limited partner in 2025 and 2026 to support operations and reduce debt, while Jerry Reinsdorf retains decision-making authority until at least 2029. Between 2029 and 2033, Reinsdorf has the option to sell controlling interest to Ishbia, and after the 2034 season, Ishbia will have the right to acquire it, with all limited partners also able to sell their shares. Justin Ishbia is already a minority investor alongside his brother Mat and father Jeff. The agreement follows a period of poor performance and fan frustration under Reinsdorf, who has owned the team since 1981. While the transfer of ownership is not guaranteed, the agreement provides a clear process for potential new leadership.