The Chicago White Sox are looking at an ownership change in the near future. The team announced in a press release on Thursday that Jerry Reinsdorf has reached an agreement with billionaire investor Justin Ishbia.
According to a press release, the “long-term investment agreement” gives Reinsdorf the option to sell his controlling interest to Ishbia between 2029 and 2033. Ishbia currently holds a minority stake in the team.
Ishbia, the brother of Phoenix Suns and Phoenix Mercury controlling owner Mat Ishbia, also holds minority stakes in the two Phoenix teams, and in MLS team Nashville SC.
This story will be updated.
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