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White Sox announce long-term ownership agreement with Chicago billionaire
Thursday, Jun 5, 2025 - Posted by Rich Miller * Forbes currently estimates Justin Ishbia’s net worth at $4.3 billion. From a Tribune reporter…
Ishbia is the founder of Chicago-based Shore Capital Partners. The full statement is here. Reinsdorf remains the “sole day-to-day decision-maker” for the club.
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- ChicagoBars - Thursday, Jun 5, 25 @ 12:32 pm:
What long term debt?
https://www.forbes.com/teams/chicago-white-sox/
- Three Dimensional Checkers - Thursday, Jun 5, 25 @ 12:41 pm:
Maybe they pay off the ISFA bonds and develop the parking lots around the stadium. I do not think there is anything really wrong with 35/Shields. They only get more than the diehard fans to come out when the team is decent.
- DuPage Dad (Cubs Fan) - Thursday, Jun 5, 25 @ 12:42 pm:
Looks like he is a minority owner of the Phoenix Suns and Phoenix Mercury in the WNBA (his brother is the majority owner for both) and he also owns a minority stake in Nashville SC in the MLS. Would be great if this meant they could built a new stadium in the City without taxpayer support, but definitely still wonder if they remain interested in relocating to Nashville, given his tie with the soccer club there.
- DuPage Saint - Thursday, Jun 5, 25 @ 12:46 pm:
Does he get Tony LaRussa too? /S
- Save Ferris - Thursday, Jun 5, 25 @ 1:21 pm:
White Sox now (or soon will) have the moneybags behind them to afford a stadium with no taxpayer financing.
- Leatherneck - Thursday, Jun 5, 25 @ 1:26 pm:
Any connection between this agreement and Chicago Sports Network finally reaching an agreement with Comcast?
- Leatherneck - Thursday, Jun 5, 25 @ 1:27 pm:
Maybe Mat Ishiba could reach his own investment agreement, this time with John Mozeliak and take over the Cardinals.
- Sox Fan - Thursday, Jun 5, 25 @ 1:37 pm:
I wonder if there’s a correlation between the earliest Ishbia can own the team (2029) and the expiration of the stadium lease (2029).
- Joseph M - Thursday, Jun 5, 25 @ 1:52 pm:
I agree with user “Three Dimensional Checkers” about developing the area around the current site. For context, Crain’s wrote about Jerry’s justification for a brand new stadium last year:
“The team, in his view, cannot succeed where it is located now, even though Guaranteed Rate Field is just a few decades old. “The economics of baseball have completely changed,” with top ballplayers signing contracts worth as much as $700 million, Reinsdorf said. “At the location we’re at now, we cannot generate the revenue needed to pay those salaries,” he said, referring to the team’s heavily residential Bridgeport home. A new space in a livelier downtown area with shops, bars and other entertainment venues within walking distance should do better, he contends.”
The solution (developing the parking lots) is right in front of Jerry, but he refuses to sincerely acknowledge it. More revenue-generating attractions around Rate Field don’t conflict with the location in Bridgeport / Armour Square, because the residential areas are buffered by highways and railroads anyway. Nobody is stopping him from building his own “livelier” area!
Everyone in Springfield/ISFA should know this, but I’ll repeat: Reinsdorf has the keys to redeveloping the parking deserts around the stadium. Don’t give into his demands.
- Ducky LaMoore - Thursday, Jun 5, 25 @ 1:53 pm:
This is literally the most exciting White Sox news since they signed Luis Robert.
- Morty - Thursday, Jun 5, 25 @ 2:17 pm:
Reinsdorf remains the “sole day-to-day decision-maker” for the club.
-unfortunate
- Thomas Paine - Thursday, Jun 5, 25 @ 2:23 pm:
Some of these comments bear no connection to reality.
Do you not think Jerry has thought of the parking lots?
The stadium is in the 11th ward, Daley’s ward. The local bars - Daley’s bars - do not want competition. The local residents - Daley’s residents - do not want to deal with fans arriving early, staying late, hanging out and partying in their neighborhood, peeing on their trees and leaving beer cans everywhere.
They do not want the 11th ward to become Wrigleyville.
- Rich Miller - Thursday, Jun 5, 25 @ 2:39 pm:
===They do not want the 11th ward to become Wrigleyville===
Meh. Times change.
- Pundent - Thursday, Jun 5, 25 @ 2:44 pm:
=They do not want the 11th ward to become Wrigleyville.=
And a lot of folks in Wrigleyville didn’t want it to become the Wrigleyville that it has evolved into. But it happened anyway. And the net benefit to existing bars has been largely positive.
- Leatherneck - Thursday, Jun 5, 25 @ 2:55 pm:
===They do not want the 11th ward to become Wrigleyville===
Because it will be called Jerryville. /s
- Chicago Blue - Thursday, Jun 5, 25 @ 3:00 pm:
@ DuPage Dad
The Nashville ties are interesting, but he’s also in the process of building the most expensive residence in IL history in Winnetka so he’s got some pretty strong incentive to keep them local as well.
- Pundent - Thursday, Jun 5, 25 @ 3:22 pm:
If and when a franchise is awarded to Nashville it will net the MLB owners a collective payment of $1B+. That’s a fee that would not be paid by a relocating team. So the idea of the White Sox moving is pure fantasy.
- Amalia - Thursday, Jun 5, 25 @ 4:18 pm:
LOL all the talk about not wanting to become Wrigleyville. But I thought Wrigley was in a real neighborhood? (It is not, has not been in decades.) Don’t know if development around any ball field (I like a rebuild on the old site.) can support the money they need. but Ishbia more is great news. Meanwhile, Chase Meidroth. Chase Meidroth. Chase Meidroth.
- Proud Papa Bear - Thursday, Jun 5, 25 @ 5:32 pm:
Ishbia is young (45). He has time to do things with the Sox, like move them to the new development area and create a cash cow.
In addition to the Sox stinking, most people I know seldom go to Sox games because of its environs.
- CA-HOON - Friday, Jun 6, 25 @ 7:25 am:
=> Reinsdorf remains the “sole day-to-day decision-maker” for the club.
Big oof.