After over four decades of a controlling stake in the Chicago White Sox, the club announced that owner Jerry Reinsdorf has established a framework for a future sale of the team to Justin Ishbia.

Ishbia, a billionaire and entrepreneur based in the Chicago area, has a history of interest in the ownership of professional sports franchises.

The announcement comes months after reports that Ishbia abandoned an effort to buy the Minnesota Twins and instead purchase additional shares in the White Sox. It also comes after reports that Reinsdorf was open to selling the franchise.

Ishbia and his brother, Mat, are also owners of the NBA's Phoenix Suns and WNBA's Phoenix Mercury, with the purchase of the franchises occurring in 2023.

According to Forbes, Justin Ishbia currently has a net worth

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