This Billionaire Might Be The Next White Sox Owner—Here’s What We Know

A major ownership shake-up could be on the horizon for the Chicago White Sox. The iconic South Side franchise has announced a new investment agreement that may lead to a new White Sox owner in the coming years. The potential successor? Justin Ishbia, a billionaire investor with deep Chicago ties and a growing presence in the professional sports world. Who could be the next White Sox owner? -------------------------------------- Jerry Reinsdorf, who has owned the White Sox since 1981, is preparing for a possible transition. Under the new agreement, he will have the option to sell majority ownership to Ishbia between 2029 and 2033 . If that doesn’t happen, Ishbia himself will have the option to take over the team after the 2034 season . Who is Justin Ishbia? --------------------- Justin Ishbia is no stranger to sports. He and his brother Mat are minority owners of the Phoenix Suns (NBA) and the Phoenix Mercury (WNBA) , and Justin also owns a minority share of the White Sox. Earlier this year, he walked away from a deal to buy the Minnesota Twins , choosing instead to increase his stake in Chicago’s team. The Ishbia family is also linked to Nashville through an investment in a Major League Soccer club there , but this new deal could signal a long-term commitment to keeping the White Sox in Chicago. It also gives the team financial reinforcement, as Ishbia is set to inject new funding in 2025 and 2026 . The long-term plan behind the next White Sox owner -------------------------------------------------- While ownership won’t officially change until at least 2029 , the move hints at a new direction for the franchise, possibly including plans for a new stadium. The White Sox have struggled in recent seasons, finishing with a record-setting 121 losses in 2024 . With fresh leadership on the horizon, fans are hopeful this deal might be the start of something better . For Chicago, it’s not just a sports story. It’s the potential start of a generational shift in one of the city’s most historic institutions . Source: https://secretchicago.com/white-sox-new-owner-investment-deal-chicago/