Ishbia Increases White Sox Stake, Twins Sale Uncertain
Ishbia Increases White Sox Stake, Twins Sale Uncertain

Ishbia Increases White Sox Stake, Twins Sale Uncertain

News summary

Billionaire Justin Ishbia has withdrawn his bid to purchase the Minnesota Twins from the Pohlad family, opting instead to increase his stake in the Chicago White Sox. Ishbia, already a minority owner of the White Sox, is believed to be positioning himself to eventually take control from current owner Jerry Reinsdorf, although White Sox officials have denied any imminent change in ownership. The Pohlad family, who have owned the Twins for 40 years, remain open to selling but may retain ownership if the right offer, expected to be around $1.8 billion, is not met. The Twins, surprised by Ishbia's decision, are now left to seek other potential buyers as they had been hoping to finalize a sale by the 2025 Opening Day. Ishbia's move has stirred reactions among fans of both baseball teams, with White Sox supporters hopeful for new leadership and Twins fans disappointed by the setback. Reinsdorf, who has been exploring future options for the White Sox, including potential sales, has reportedly discussed Ishbia's increased involvement with him directly.

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Last Updated
34 days ago
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