Fielder Jones Posted February 22 Share Posted February 22 Quote Link to comment Share on other sites More sharing options...
Sleepy Harold Posted February 22 Share Posted February 22 (edited) On 2/22/2025 at 3:33 AM, Fielder Jones said: Expand Quote It was during Ishbia’s pursuit of the Twins that the Reinsdorfs came to him and discussed increasing his share of the White Sox, according to a person briefed on the discussions who was not authorized to speak publicly. ... White Sox limited partners were recently informed that an investor wanted to buy their shares at a franchise valuation around $1.8 billion, according to people briefed on the discussions who were not authorized to speak publicly. While they aren’t required to sell, their stakes would be diluted by this new investor. The deadline for their decision is next Friday. The Athletic has confirmed the buyer is Ishbia, who had been a limited partner of the team for years. Expand Edited February 22 by Sleepy Harold Added a line for context/clarity. Quote Link to comment Share on other sites More sharing options...
Buehrle>Wood Posted February 22 Share Posted February 22 This seems like strong evidence that a full sale comes a bit down the line. Perhaps sooner than later even. 3 Quote Link to comment Share on other sites More sharing options...
nitetrain8601 Posted February 22 Share Posted February 22 On 2/22/2025 at 3:52 AM, Buehrle>Wood said: This seems like strong evidence that a full sale comes a bit down the line. Perhaps sooner than later even. Expand Would make sense for Ishbia if they are willing to sell to him. He wants a big city team, he's from Chicago and owns the Suns with his brother?? Quote Link to comment Share on other sites More sharing options...
Quin Posted February 22 Share Posted February 22 The part about the Reinsdorfs feels like the biggest news. 3 Quote Link to comment Share on other sites More sharing options...
Fielder Jones Posted February 22 Author Share Posted February 22 just a quick killjoy comment here but Kroenke was from Missouri but moved the Rams out. so him living here isnt necessarily a guarantee we stay. but for Jerry to be potentially out, and selling to someone who spends big...... is enough for me to sleep happily tonight Quote Link to comment Share on other sites More sharing options...
bmags Posted February 22 Share Posted February 22 On 2/22/2025 at 4:04 AM, Fielder Jones said: just a quick killjoy comment here but Kroenke was from Missouri but moved the Rams out. so him living here isnt necessarily a guarantee we stay. but for Jerry to be potentially out, and selling to someone who spends big...... is enough for me to sleep happily tonight Expand Both would be better (kidding) I actually squealed reading the news push tho. Quote Link to comment Share on other sites More sharing options...
Fielder Jones Posted February 22 Author Share Posted February 22 article says the people who sold shares around 2021 were selling for half of what Ishbia wants to pay now. they must really feel screwed over. The team was good then; it's bad now, but shares are worth double. Ishbia=motivated buyer. Quote Link to comment Share on other sites More sharing options...
nitetrain8601 Posted February 22 Share Posted February 22 David Kaplan did say last week that he wouldn't be surprised if by the end of this calendar year that JR had sold or was fully in the process of selling the team. My guess is that maybe they do have a deal in place which is why Ishbia stopped his pursuit of the Twins. It wouldn't make sense for him otherwise. Quote Link to comment Share on other sites More sharing options...
Harold's Leg Lift Posted February 22 Share Posted February 22 Reinsdorf found someone to pay for his new stadium. 1 2 Quote Link to comment Share on other sites More sharing options...
JUSTgottaBELIEVE Posted February 22 Share Posted February 22 On 2/22/2025 at 3:39 AM, Sleepy Harold said: Expand Forbes had the White Sox valuation at $2.05B last year and now the shareholders are valuing the franchise at around $1.8B? Seems to me the valuation is declining. As I said a couple months ago, it wouldn’t surprise me if the franchise value is around $1.5B by the time Jerry sells out.. Quote Link to comment Share on other sites More sharing options...
thedoctor Posted February 22 Share Posted February 22 sell the team, jerry. it’s time. Quote Link to comment Share on other sites More sharing options...
nitetrain8601 Posted February 22 Share Posted February 22 On 2/22/2025 at 4:12 AM, JUSTgottaBELIEVE said: Forbes had the White Sox valuation at $2.05B last year and now the shareholders are valuing the franchise at around $1.8B? Seems to me the valuation is declining. As I said a couple months ago, it wouldn’t surprise me if the franchise value is around $1.5B by the time Jerry sells out.. Expand I mean, it makes sense. Get more liquid now, get the stadium going, then sell probably back at 2.05 or near it. We would all rejoice. Quote Link to comment Share on other sites More sharing options...
GenericUserName Posted February 22 Share Posted February 22 On 2/22/2025 at 4:04 AM, Fielder Jones said: just a quick killjoy comment here but Kroenke was from Missouri but moved the Rams out. so him living here isnt necessarily a guarantee we stay. but for Jerry to be potentially out, and selling to someone who spends big...... is enough for me to sleep happily tonight Expand The difference is Kroenke was from Missouri, but everything else for him was based out of Colorado and LA. Ishbia is from Michigan, but his company is based in Chicago and he is currently in the process of building a mega-mansion on the north shore. As for the lower valuation, non-controlling sales are often at a discount. 1 Quote Link to comment Share on other sites More sharing options...
Chisoxfn Posted February 22 Share Posted February 22 On 2/22/2025 at 3:52 AM, Buehrle>Wood said: This seems like strong evidence that a full sale comes a bit down the line. Perhaps sooner than later even. Expand Is this basically getting everything lined up for a seamless transition to a new family in a few years. Quote Link to comment Share on other sites More sharing options...
Chisoxfn Posted February 22 Share Posted February 22 On 2/22/2025 at 4:10 AM, nitetrain8601 said: David Kaplan did say last week that he wouldn't be surprised if by the end of this calendar year that JR had sold or was fully in the process of selling the team. My guess is that maybe they do have a deal in place which is why Ishbia stopped his pursuit of the Twins. It wouldn't make sense for him otherwise. Expand I wondered if this was getting funding in place to help - and maybe there is an agreement along a longer term transition plan to become majority owner - but maybe in a more elongated process to minimize tax consequences for Reinsdorfs. Quote Link to comment Share on other sites More sharing options...
Chisoxfn Posted February 22 Share Posted February 22 On 2/22/2025 at 4:12 AM, JUSTgottaBELIEVE said: Forbes had the White Sox valuation at $2.05B last year and now the shareholders are valuing the franchise at around $1.8B? Seems to me the valuation is declining. As I said a couple months ago, it wouldn’t surprise me if the franchise value is around $1.5B by the time Jerry sells out.. Expand A good owner can flip this valuation and really increase value if they manage Sox right. I believe they are a sleeping Giant - super undervalued relative to potential given size of Chicago market and extensive history. 3 1 Quote Link to comment Share on other sites More sharing options...
GenericUserName Posted February 22 Share Posted February 22 On 2/22/2025 at 4:29 AM, Chisoxfn said: I wondered if this was getting funding in place to help - and maybe there is an agreement along a longer term transition plan to become majority owner - but maybe in a more elongated process to minimize tax consequences for Reinsdorfs. Expand Probably also to see what tax gifts Trump gives to billionaires. Quote Link to comment Share on other sites More sharing options...
bmags Posted February 22 Share Posted February 22 On 2/22/2025 at 4:30 AM, Chisoxfn said: A good owner can flip this valuation and really increase value if they manage Sox right. I believe they are a sleeping Giant - super undervalued relative to potential given size of Chicago market and extensive history. Expand This would be a good time to buy, but I don’t know. The collapse of regional sports networks and non nfl sports decline is tough. But these aren’t businesses they are buying but hobbies. Quote Link to comment Share on other sites More sharing options...
ChiSoxFanMike Posted February 22 Share Posted February 22 (edited) On 2/22/2025 at 4:30 AM, Chisoxfn said: A good owner can flip this valuation and really increase value if they manage Sox right. I believe they are a sleeping Giant - super undervalued relative to potential given size of Chicago market and extensive history. Expand Well said. I’ve always felt the potential of this franchise has never been realized. They had the chance to do so at the beginning of the last rebuild but failed. New ownership would change everything. Edited February 22 by ChiSoxFanMike 3 1 Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 22 Share Posted February 22 On 2/22/2025 at 4:08 AM, Fielder Jones said: article says the people who sold shares around 2021 were selling for half of what Ishbia wants to pay now. they must really feel screwed over. The team was good then; it's bad now, but shares are worth double. Ishbia=motivated buyer. Expand Melody Hobson/Lucas share close to 35-40%??? Quote Link to comment Share on other sites More sharing options...
Buehrle>Wood Posted February 22 Share Posted February 22 On 2/22/2025 at 4:12 AM, JUSTgottaBELIEVE said: Forbes had the White Sox valuation at $2.05B last year and now the shareholders are valuing the franchise at around $1.8B? Seems to me the valuation is declining. As I said a couple months ago, it wouldn’t surprise me if the franchise value is around $1.5B by the time Jerry sells out.. Expand I think it's a sign it's worth more than 2.05 billion, no? These non-power, non-voter shares hold value at 1.8 billion. Now if you sold the controlling shares, I would think that would have a lot more value. Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 22 Share Posted February 22 Now the biggest question after a sale has to be the ongoing stadium issue.... 1 Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 22 Share Posted February 22 On 2/22/2025 at 4:12 AM, JUSTgottaBELIEVE said: Forbes had the White Sox valuation at $2.05B last year and now the shareholders are valuing the franchise at around $1.8B? Seems to me the valuation is declining. As I said a couple months ago, it wouldn’t surprise me if the franchise value is around $1.5B by the time Jerry sells out.. Expand Minority, non-voting share typically price at a discount. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 22 Share Posted February 22 On 2/22/2025 at 4:49 AM, Buehrle>Wood said: I think it's a sign it's worth more than 2.05 billion, no? These non-power, non-voter shares hold value at 1.8 billion. Now if you sold the controlling shares, I would think that would have a lot more value. Expand Yes. This is how it works. Quote Link to comment Share on other sites More sharing options...
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