wegner Posted February 22 Share Posted February 22 On 2/22/2025 at 8:17 PM, Chicago White Sox said: For reference on the Orioles deal: Per Google’s AI, this deal structure allowed control to transfer to Rubenstein immediately while saving the Angelos ~$250M in capital gains taxes. I would wager large sums of money that this is the same playbook for Ishbia / Jerry. Expand 2 1 Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 22 Share Posted February 22 If Reinsdorf family shares are up to 20-25%....that's roughly $450-500 million (depending on how controlling shares are valued), and a touch under $100 million in taxes. Quote Link to comment Share on other sites More sharing options...
PaleAleSox Posted February 22 Share Posted February 22 On 2/22/2025 at 7:53 PM, Chicago White Sox said: I mean, they appear to be arranging a deal for Ishbia to buy out all the non Reinsdorf share holders. Theoretically it seems like Ishbia may own more of the team than Jerry a week from today. Obviously that doesn’t mean he will have control anytime soon, but Ishbia wouldn’t be making this deal if he had to wait out Jerry forever. We need that Ron Paul “It’s Happening” GIF right about now. Expand I wouldn’t want to own more of a team without having actual control. 2 Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 22 Share Posted February 22 On 2/22/2025 at 8:40 PM, PaleAleSox said: I wouldn’t want to own more of a team without having actual control. Expand Melody Hobson 30-40% ownership in same limited position...merely a financial investment, seemingly. 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 8:46 PM, caulfield12 said: Melody Hobson 30-40% ownership in same limited position...merely a financial investment, seemingly. Expand You think Hobson has 30% to 40% ownership? Quote Link to comment Share on other sites More sharing options...
WhiteSox2023 Posted February 22 Share Posted February 22 On 2/22/2025 at 9:08 PM, Chicago White Sox said: You think Hobson has 30% to 40% ownership? Expand Pretty sure that’s caufield’s guess. I don’t think it’s ever been made public. Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 22 Share Posted February 22 On 2/22/2025 at 9:08 PM, Chicago White Sox said: You think Hobson has 30% to 40% ownership? Expand That was the rumor...she has never commented. Quote Link to comment Share on other sites More sharing options...
CWSpalehoseCWS Posted February 22 Share Posted February 22 On 2/22/2025 at 9:08 PM, Chicago White Sox said: You think Hobson has 30% to 40% ownership? Expand Hasn't it been rumored she technically owns the majority out of everyone? Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 22 Share Posted February 22 On 2/22/2025 at 9:30 PM, CWSpalehoseCWS said: Hasn't it been rumored she technically owns the majority out of everyone? Expand Yep. Quote Link to comment Share on other sites More sharing options...
PaleAleSox Posted February 22 Share Posted February 22 On 2/22/2025 at 9:30 PM, CWSpalehoseCWS said: Hasn't it been rumored she technically owns the majority out of everyone? Expand So is everyone outside of JR, including her, supposed to be selling? Quote Link to comment Share on other sites More sharing options...
CWSpalehoseCWS Posted February 22 Share Posted February 22 On 2/22/2025 at 9:46 PM, PaleAleSox said: So is everyone outside of JR, including her, supposed to be selling? Expand Well, they don't have to sell, but as I am understanding it, I believe their shares will be diluted if they keep them. Quote Link to comment Share on other sites More sharing options...
SoCalChiSox Posted February 22 Share Posted February 22 On 2/22/2025 at 5:28 PM, ChiSox59 said: JR is 89. The man isn't living to 104. Expand This reminds me of how like 8 different Presidential administrations in a row kept saying Castro can't survive forever and he just outlasted administration after administration. 1 Quote Link to comment Share on other sites More sharing options...
Texsox Posted February 23 Share Posted February 23 On 2/22/2025 at 8:40 PM, PaleAleSox said: I wouldn’t want to own more of a team without having actual control. Expand Do you feel that way about all stocks or just baseball teams? I don't look at it much different than buying shares in any other company. 1 Quote Link to comment Share on other sites More sharing options...
Texsox Posted February 23 Share Posted February 23 On 2/22/2025 at 11:43 PM, SoCalChiSox said: This reminds me of how like 8 different Presidential administrations in a row kept saying Castro can't survive forever and he just outlasted administration after administration. Expand I can't think of Castro without thinking of Ozzie. Quote Link to comment Share on other sites More sharing options...
JoeC Posted February 23 Share Posted February 23 On 2/22/2025 at 9:30 PM, CWSpalehoseCWS said: Hasn't it been rumored she technically owns the majority out of everyone? Expand Majority or plurality? Quote Link to comment Share on other sites More sharing options...
Look at Ray Ray Run Posted February 23 Share Posted February 23 February 22nd. A day that will live in infamy for sox fans everywhere. Congratulations gents. It's just a matter of time now. Quote Link to comment Share on other sites More sharing options...
champagne030 Posted February 23 Share Posted February 23 On 2/22/2025 at 9:55 PM, CWSpalehoseCWS said: Well, they don't have to sell, but as I am understanding it, I believe their shares will be diluted if they keep them. Expand Why would they be diluted? Unless they're buying in with a cash infusion. I know Jerry is Czar, but there would be lengthy litigation if he tried to bring in an outside buy-in and kneecap the current investors. Quote Link to comment Share on other sites More sharing options...
CWSpalehoseCWS Posted February 23 Share Posted February 23 On 2/23/2025 at 12:20 AM, JoeC said: Majority or plurality? Expand Majority. Jerry holds the final say despite not having the most shares. 1 Quote Link to comment Share on other sites More sharing options...
WhiteSox2023 Posted February 23 Share Posted February 23 On 2/22/2025 at 7:53 PM, Chicago White Sox said: I mean, they appear to be arranging a deal for Ishbia to buy out all the non Reinsdorf share holders. Theoretically it seems like Ishbia may own more of the team than Jerry a week from today. Obviously that doesn’t mean he will have control anytime soon, but Ishbia wouldn’t be making this deal if he had to wait out Jerry forever. We need that Ron Paul “It’s Happening” GIF right about now. Expand 1 Quote Link to comment Share on other sites More sharing options...
CWSpalehoseCWS Posted February 23 Share Posted February 23 On 2/23/2025 at 12:25 AM, champagne030 said: Why would they be diluted? Unless they're buying in with a cash infusion. I know Jerry is Czar, but there would be lengthy litigation if he tried to bring in an outside buy-in and kneecap the current investors. Expand Because the shares don't magically appear out of nowhere. They have to create them by splitting the current shares to create whatever amount is being bought. Quote Link to comment Share on other sites More sharing options...
Look at Ray Ray Run Posted February 23 Share Posted February 23 On 2/23/2025 at 12:25 AM, champagne030 said: Why would they be diluted? Unless they're buying in with a cash infusion. I know Jerry is Czar, but there would be lengthy litigation if he tried to bring in an outside buy-in and kneecap the current investors. Expand The athletic article said it - quote is on the first page. And what you're saying really depends on the structure. Limited partners don't really have any power in this case. So Jerry could certainly diluted shares without diluting value - especially given that he's coming in at 1.8 billion. Quote Link to comment Share on other sites More sharing options...
PaleAleSox Posted February 23 Share Posted February 23 On 2/23/2025 at 12:17 AM, Texsox said: Do you feel that way about all stocks or just baseball teams? I don't look at it much different than buying shares in any other company. Expand I mean...no, but I'm not putting 1.8 billion dollars into anything. Quote Link to comment Share on other sites More sharing options...
Texsox Posted February 23 Share Posted February 23 On 2/23/2025 at 12:36 AM, PaleAleSox said: I mean...no, but I'm not putting 1.8 billion dollars into anything. Expand I'm not either. Quote Link to comment Share on other sites More sharing options...
bmags Posted February 23 Share Posted February 23 When this glorious day happens we need to have a board meetup. 1 3 Quote Link to comment Share on other sites More sharing options...
Bob Sacamano Posted February 23 Share Posted February 23 On 2/23/2025 at 1:04 AM, bmags said: When this glorious day happens we need to have a board meetup. Expand I second that 1 Quote Link to comment Share on other sites More sharing options...
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