Billionaire Phoenix Suns co-owner Justin Ishbia has reached a long-term investment agreement that will put him in line to become the next owner of the Chicago White Sox, the MLB team announced in a news release on Thursday (June 5).

The agreement gives current controlling owner Jerry Reisndorf , 89, the option to sell the team to Ishbia, 47, as soon as 2029 or as late as 2034, while Ishbia will make capital infusions into the franchise in 2025 and 2026 as a limited partner, paying down debt as he serves a role supporting "on-going team operations," according to the team. Reinsdorf will continue to own and run the team until 2034, unless he decides to sell the team early to Ishbia between 2029 to 2033, however, "there is no assurance that any such future transaction will occur, an

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