White Sox Ownership Deal May Shift by 2029

Chicago White Sox owner Jerry Reinsdorf has reached a long-term agreement to potentially transfer majority ownership to billionaire investor Justin Ishbia, a current minority owner and co-owner of the Phoenix Suns, with the transition possible between 2029 and 2034. Ishbia will make capital infusions in 2025 and 2026 to reduce the team's debt and support operations, joined by significant investment from his family, including his brother Mat. The deal offers hope to fans concerned about the team's historic losing seasons and lack of investment in free agents. Despite the agreement, Reinsdorf will retain control until any sale, and there is no guarantee of a sale before 2029. The team’s future in Chicago remains uncertain, with ongoing questions about stadium development and possible relocation. While the deal is seen as a step toward change, major improvements may take several years to materialize.