CHICAGO — The Chicago White Sox have announced a new investment plan that could give Justin Ishbia controlling interest of the club from Jerry Reinsdorf in 2029.
The agreement provides that, from 2029–2033, Reinsdorf, who bought the team in 1981, will have the option to sell the controlling interest to Justin Ishbia.
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.
"There is no assurance that any such future transaction will occur, and in no event will such a transaction take place before 2029," part of the release reads.
Ishbia, along with his brother Mat, purchased more shares in the club in February after aband