caulfield12 Posted February 22 Share Posted February 22 (edited) https://www.nytimes.com/athletic/6150455/2025/02/21/white-sox-twins-justin-ishbia-jerry-reinsdorf/ Twins' fans panicking a bit. ARod and partner deal will now take over the Wolves with Glen Taylor pivoting to baseball? NBA Board of Governors still has to approve A-Rod/Lore for ownership in MN...then 84 year old Taylor having the patience with a baseball team that can't really turn on a dime??? Ofc the Bradley Beal deal in Phoenix is already a major black mark against Ishbia. Edited February 22 by caulfield12 Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 22 Share Posted February 22 Does this mean we can dump Clevinger now lol? Quote Link to comment Share on other sites More sharing options...
MandoGarcia05 Posted February 22 Share Posted February 22 Ishbia will likely buy more than over 55% of the team soon to control the team with the Riensdorfs staying with 20-25%of the organization and the other 20-25% going to Elon musk,Mark Cuban or bazos. Quote Link to comment Share on other sites More sharing options...
fathom Posted February 22 Share Posted February 22 Boyer doing his best to make sure Sox fans can’t have a glimmer of hope 2 Quote Link to comment Share on other sites More sharing options...
Y2Jimmy0 Posted February 22 Share Posted February 22 On 2/22/2025 at 4:12 AM, Harold's Leg Lift said: Reinsdorf found someone to pay for his new stadium. Expand Definitely seems like part of it On 2/22/2025 at 5:25 AM, fathom said: Boyer doing his best to make sure Sox fans can’t have a glimmer of hope Expand What do you mean? Quote Link to comment Share on other sites More sharing options...
fathom Posted February 22 Share Posted February 22 On 2/22/2025 at 5:29 AM, Y2Jimmy0 said: Definitely seems like part of it What do you mean? Expand Just going off the mlbtraderumors quotes attributed to him. Definitely throwing cold water on any succession talk. Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 22 Share Posted February 22 (edited) In 2023, the Ishbia brothers bought a majority stake in the NBA's Phoenix Suns and WNBA's Phoenix Mercury in a deal that valued the teams at a record $4 billion. Justin serves as alternate governor of the Suns, Mercury and Major League Soccer's Nashville SC, in which he owns a minority stake Justin individually worth over $5 billion. https://www.forbes.com/profile/justin-ishbia/ Edited February 22 by caulfield12 Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 22 Share Posted February 22 (edited) On 2/22/2025 at 5:32 AM, fathom said: Just going off the mlbtraderumors quotes attributed to him. Definitely throwing cold water on any succession talk. Expand Not Boyer...his mouthpiece Reifert. White Sox VP of communications Scott Reifert pushed back against that notion. “White Sox limited partners have received an offer from a third party to purchase their shares in the team, providing liquidity for the limited partners on their long-term investment in the club,” he told Greenberg. “This offer to limited partners has no impact on the leadership or operations of the Chicago White Sox and does not provide a path to control.” Edited February 22 by caulfield12 Quote Link to comment Share on other sites More sharing options...
Harold's Leg Lift Posted February 22 Share Posted February 22 On 2/22/2025 at 5:32 AM, fathom said: Just going off the mlbtraderumors quotes attributed to him. Definitely throwing cold water on any succession talk. Expand Remember when I said there would be one minority owner? Quote Link to comment Share on other sites More sharing options...
Y2Jimmy0 Posted February 22 Share Posted February 22 On 2/22/2025 at 5:32 AM, fathom said: Just going off the mlbtraderumors quotes attributed to him. Definitely throwing cold water on any succession talk. Expand Yeah it’s from Reifert. 1 Quote Link to comment Share on other sites More sharing options...
ChiSoxFanMike Posted February 22 Share Posted February 22 On 2/22/2025 at 5:32 AM, fathom said: Just going off the mlbtraderumors quotes attributed to him. Definitely throwing cold water on any succession talk. Expand I mean realistically, what are they supposed to say? 1 Quote Link to comment Share on other sites More sharing options...
Y2Jimmy0 Posted February 22 Share Posted February 22 Justin Ishbia isn’t backing out of Twins deal without some assurances that he’ll eventually assume control of the White Sox. He just wouldn’t. It makes no sense. Regardless of what the White Sox say publicly. It might not be soon though. 7 Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 22 Share Posted February 22 Can SoxTalk get an interview with Melody Hobson?...at least she would be able to clearly and analytically provide some clarification of where things stand. Quote Link to comment Share on other sites More sharing options...
SoxBlanco Posted February 22 Share Posted February 22 As an MSU grad, this has been a pretty good night. First, we smoke Michigan at their place, and now I’m reading this. F*ck you, Chris and Rick. 2 1 1 Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 22 Share Posted February 22 (edited) On 2/22/2025 at 5:44 AM, SoxBlanco said: As an MSU grad, this has been a pretty good night. First, we smoke Michigan at their place, and now I’m reading this. F*ck you, Chris and Rick. Expand This is Sparta!!! Don't like MSU...just dislike Hahn and now Getz even more. Plus Spartans fit blue collar lunch pail mddle class ethos/stereotype of team much better than Wolverines. Edited February 22 by caulfield12 1 Quote Link to comment Share on other sites More sharing options...
whitesoxwinner Posted February 22 Share Posted February 22 On 2/22/2025 at 5:41 AM, Y2Jimmy0 said: Justin Ishbia isn’t backing out of Twins deal without some assurances that he’ll eventually assume control of the White Sox. He just wouldn’t. It makes no sense. Regardless of what the White Sox say publicly. It might not be soon though. Expand Northbrook bob seemingly threw cold water in his reply to your tweet implying that we still have to wait for Jerry's demise for the full sale of the team, but I agree in that this probably puts the succession plan in place to the ishibas Quote Link to comment Share on other sites More sharing options...
GenericUserName Posted February 22 Share Posted February 22 Just read an article from the Twins perspective and they mentioned how Ishbia spent the past few months meeting with community leaders and potential minority shareholders. I wonder if something similar is why there is conflicting information about whether this is just a non-controlling sale versus having a path to control. Maybe he is fine getting a larger percentage now, but wants to meet with other investors and maybe political and community leaders before he executes a contract for the controlling interest. That would also make sense from the perspective of the timeline of a normal sale. If this was a controlling sale, it would have been exceptionally fast and quiet. That's even more so the case if its a complicated multi-step process to eventually gain control. Quote Link to comment Share on other sites More sharing options...
ChiliIrishHammock24 Posted February 22 Share Posted February 22 I'm wondering if this has any relation to Jerry's health. Doesn't his family stand to do far better if the team isn't sold until Jerry dies? I don't want to assume it could be bad, but I just wonder about timing. Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 22 Share Posted February 22 (edited) On 2/22/2025 at 6:30 AM, ChiliIrishHammock24 said: I'm wondering if this has any relation to Jerry's health. Doesn't his family stand to do far better if the team isn't sold until Jerry dies? I don't want to assume it could be bad, but I just wonder about timing. Expand You're looking at let's say $75-100 million in long term capital gains taxes on his reported 15-20% share. I valued those controlling shares at $500 million....putting the actual purchase price at around $2.3 billion...which is a $300-500 million premium over what the team's actually worth with their diminished media rights and cloudy future stadium resolution factored in. If we're holding up the sale on that relatively paltry amount in taxes...the Ishbias won't want to wait 3-5 more years to get control. and will make a bigger bid to cover the difference. Plus they've already watched the sale price of the TWolves go in the wrong direction for Glen Taylor to such a degree (and so quickly) that he tried to scuttle his deal with ARod and Lore to no avail. Edited February 22 by caulfield12 Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 22 Share Posted February 22 (edited) https://www.nytimes.com/athletic/6152097/2025/02/21/justin-ishbia-out-minnesota-twins-sale/ The one sticking point thus far — along with the need for league approval whenever the deal is ready — as Scott Reifert responded to Greenberg — that the deal will allow Ishbia to take control of the team at some point by buying the shares of longtime owner Jerry Reinsdorf and other partners” — is also referenced in Dan Hayes’ corresponding article about what this means for the Twins. Whether there is truly a dispute about long-term implications or the White Sox merely wish to announce the transition on their own terms, the Reinsdorf family had been taking a growing ownership stake of the team as recently as 2021. https://soxmachine.com/2025/02/justin-ishbia-in-line-to-buy-twins-increasing-minority-stake-in-white-sox-instead/ Edited February 22 by caulfield12 Quote Link to comment Share on other sites More sharing options...
chitownsportsfan Posted February 22 Share Posted February 22 On 2/22/2025 at 5:44 AM, SoxBlanco said: As an MSU grad, this has been a pretty good night. First, we smoke Michigan at their place, and now I’m reading this. F*ck you, Chris and Rick. Expand As an MSU grad you should know Ishbia is a clown that bought Mel Tugger, ruined the Suns and now has his vulture eye on scavenging what is left of the Sox. We are cooked. We are a joke. I hate being a sox fan. I can't quit it and as the vultures circle we can only watch the carcass rot. 1 Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 22 Share Posted February 22 (edited) Tucker... Dave Stewart seems to be out of the Nashville group as he's now back with the A's as well. Short term...they're looking at something similar to the Guardians, quite limited payroll and spending. "You can find one potential roadmap in the Guardians adding a successor to their ownership group in David Blitzer. He reportedly purchased 25 to 30 percent of the team with the intent to take the reins from Paul Dolan in five years. Blitzer’s presence hasn’t changed the mode of operation in Cleveland thus far, as FanGraphs estimates the Guardians’ 2025 payroll at $100 million, which would be down from $104 million last year. The White Sox front office is similarly constrained by a revenue situation currently viewed as grim, but rescue from that situation is a ways off in any scenario." If Melody Hobson (and her reported 30-40% position in shares) doesn't want to sell...and they're (Hobson/Ishbias) racing each other for controlling status after JR dies...well, that would be an intriguing twist but highly unlikely. United Wholesale Mortgage stories are making Ishbias look like Steve Mnuchin on steroids…leave it to the Sox to end up with even worse owners lol. https://www.reddit.com/r/IshbiasItchUWM/ Mat's Menagerie- Where myself and others expose Mat's holdings, corporate structure, investors, and other things. The Enablers- Research on the people that support Mat and who he protects. This will all roll out as much as time allows, however this effort has expanded considerably (thanks nameless ones). So don't worry Stans, I'm still churning out your precious TPS reports and not spending "all my time on this". Rules- Not many. Free Debate and discussions. Both are things UWM and Mat hate. Fire up whatever topic you want within reason. Keep it mostly civil and legal. No hate or violence. I'll shoot you a message if something is a tad out of line. Bans for the obvious shills, clowns and others as appropriate. Hell, if you're a stan or UWM account, cmon in and chat. But you guys never want to talk to me when I reach out. Sad face. Edited February 22 by caulfield12 Quote Link to comment Share on other sites More sharing options...
TaylorStSox Posted February 22 Share Posted February 22 (edited) Ishiba's my cousin. Incredibly well educated, clever and rich. He's also a union buster who drives a '14 Honda Civic, tapes his shoes, doesn't believe in free agency and won't sign pitchers not named John Danks to deals over 3 years. On the bright side, he has massive influence over David Stern. Edited February 22 by TaylorStSox 1 Quote Link to comment Share on other sites More sharing options...
Chicago White Sox Posted February 22 Share Posted February 22 On 2/22/2025 at 5:41 AM, Y2Jimmy0 said: Justin Ishbia isn’t backing out of Twins deal without some assurances that he’ll eventually assume control of the White Sox. He just wouldn’t. It makes no sense. Regardless of what the White Sox say publicly. It might not be soon though. Expand It’s 100% happening and we should all be celebrating. I have no idea what Harold is talking about in regard to finding someone to fund a new stadium, but we are inching ever so close to being free of the Reinsdorfs and instead will have an owner that will likely be awesome. This s%*# almost feels surreal at this point…there is once again hope for the franchise. 1 Quote Link to comment Share on other sites More sharing options...
Chicago White Sox Posted February 22 Share Posted February 22 On 2/22/2025 at 8:31 AM, TaylorStSox said: Ishiba's my cousin. Incredibly well educated, clever and rich. He's also a union buster who drives a '14 Honda Civic, tapes his shoes, doesn't believe in free agency and won't sign pitchers not named John Danks to deals over 3 years. On the bright side, he has massive influence over David Stern. Expand What in the world are you talking about? Quote Link to comment Share on other sites More sharing options...
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