CHICAGO - The Chicago White Sox announced Thursday that team chairman Jerry Reinsdorf and billionaire investor Justin Ishbia have reached a long-term investment agreement that could lead to a future ownership change.

What we know:

Under the agreement, Ishbia will become a limited partner beginning in 2025, making capital contributions over the next two years to help reduce team debt and support operations. While the Reinsdorf family will continue to maintain controlling interest in the team, the deal outlines a path for Ishbia to eventually take over.

Reinsdorf will have the option to sell a controlling stake to Ishbia between 2029 and 2033. If that does not happen, Ishbia will have the option to acquire control after the 2034 season. There is no guarantee that a full ownership tran

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