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Ishbia increasing minority stake in Sox


Fielder Jones

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  On 3/5/2025 at 12:08 PM, Look at Ray Ray Run said:

Two quotes from Hayes article that you consider "essential."

"People with knowledge of the situation believe Ishbia’s deal with the White Sox comes with an eventual path to take a controlling interest from longtime owner Jerry Reinsdorf."

"However, the White Sox issued a statement denying that the deal comes with provisions for Ishbia to take control."

and the Greenberg article:

"People with knowledge of the discussions believe 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. But a White Sox official on Friday night disputed that notion, even though it would be unusual for prospective owners to make significant investments for minority shares without the promise of their stakes growing larger."

There was nothing essential stated in either article to help estimate a transition period. 

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No you’re not correct. Try to keep up. The important parts are Ishbia dropping Twins bid after being really far down the road toward ownership and the Reinsdorf’s approaching Ishbia as the impetus to buy more shares and drop the Twins. Those are the most importabt details. I have no idea when Ishbia might get control of the White Sox. But I’m pretty certain that he didn’t give up the Twins for a coke and a smile and the chance to help Jerry Reinsdorf build a new stadium. 

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  On 3/5/2025 at 12:17 PM, Y2Jimmy0 said:

No you’re not correct. Try to keep up. The important parts are Ishbia dropping Twins bid after being really far down the road toward ownership and the Reinsdorf’s approaching Ishbia as the impetus to buy more shares and drop the Twins. Those are the most importabt details. I have no idea when Ishbia might get control of the White Sox. But I’m pretty certain that he didn’t give up the Twins for a coke and a smile and the chance to help Jerry Reinsdorf build a new stadium. 

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I'm confused about what I'm incorrect about.

Nothing essential was confirmed, and Hayes basically just cited Greenbergs article - he had zero original reporting.

I agree that he is purchasing the team, and never stated otherwise.

We're all just reading tea leaves though and it has nothing to do with reading two articles that said nothing.

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There are a handful of people that know what's actually going on with Ishbia buying more shares of the Sox, and none of those people are on this board.  However, it's probably a safe assumption that he wouldn't drop his bid for the Twins if there wasn't a plan in place.  What that plan is, we don't know and most likely won't know until it's executed.  There are now 33 pages of speculation, arguing, and insults, and we're no closer to knowing what's going on.

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  On 3/5/2025 at 2:13 PM, hogan873 said:

There are a handful of people that know what's actually going on with Ishbia buying more shares of the Sox, and none of those people are on this board.  However, it's probably a safe assumption that he wouldn't drop his bid for the Twins if there wasn't a plan in place.  What that plan is, we don't know and most likely won't know until it's executed.  There are now 33 pages of speculation, arguing, and insults, and we're no closer to knowing what's going on.

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I’m sorry this is wrong.  Greg is the mole and you all have been played 

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  On 3/5/2025 at 12:08 PM, Look at Ray Ray Run said:

Two quotes from Hayes article that you consider "essential."

"People with knowledge of the situation believe Ishbia’s deal with the White Sox comes with an eventual path to take a controlling interest from longtime owner Jerry Reinsdorf."

"However, the White Sox issued a statement denying that the deal comes with provisions for Ishbia to take control."

and the Greenberg article:

"People with knowledge of the discussions believe 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. But a White Sox official on Friday night disputed that notion, even though it would be unusual for prospective owners to make significant investments for minority shares without the promise of their stakes growing larger."

There was nothing essential stated in either article to help estimate a transition period. 

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probably just assured Ishbia a right of first refusal. estimated transition period thus could be totally unclear rn

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the thing i think all can agree on:

The Sox said something to ishbias to make them turn around and drop Minnesota, and it has to have been interesting. Because Minn was going to be full total control around opening day. and because this is not fantasy land you can bet that thing that was said is down on paper. 

it's probably that theyve worked something out where jerry can operate the team a few more years and then steps aside

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  On 3/5/2025 at 3:23 PM, Fielder Jones said:

the thing i think all can agree on:

The Sox said something to ishbias to make them turn around and drop Minnesota, and it has to have been interesting. Because Minn was going to be full total control around opening day. and because this is not fantasy land you can bet that thing that was said is down on paper. 

it's probably that theyve worked something out where jerry can operate the team a few more years and then steps aside

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Yeah. He could easily see it as "I'd rather own and control a team in Chicago in whatever, 2/3/4/5 years rather than own the Twins now." He's also only 47.

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  On 3/5/2025 at 12:17 PM, Y2Jimmy0 said:

No you’re not correct. Try to keep up. The important parts are Ishbia dropping Twins bid after being really far down the road toward ownership and the Reinsdorf’s approaching Ishbia as the impetus to buy more shares and drop the Twins. Those are the most importabt details. I have no idea when Ishbia might get control of the White Sox. But I’m pretty certain that he didn’t give up the Twins for a coke and a smile and the chance to help Jerry Reinsdorf build a new stadium. 

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Where was this actually reported?

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  On 3/4/2025 at 10:35 PM, fathom said:

Bob said Ishbia has been trying to buy the Sox for 5-10 years and been told no

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10 years ago, Reinsdorf was in his late 70s and I'm not surprised he had no interest in selling.  Now, he just passed his 89th birthday and he's surely thinking about succession plans given that he's already said that he wants his family to sell the Sox after he dies.  Though he's apparently healthy now, at his age a sudden decline in health can come quickly.   So, him telling Ishbia no 5 or 10 years ago doesn't necessarily tell us much about the current situation IMO.  

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  On 3/5/2025 at 4:01 PM, 77 Hitmen said:

10 years ago, Reinsdorf was in his late 70s and I'm not surprised he had no interest in selling.  Now, he just passed his 89th birthday and he's surely thinking about succession plans given that he's already said that he wants his family to sell the Sox after he dies.  Though he's apparently healthy now, at his age a sudden decline in health can come quickly.   So, him telling Ishbia no 5 or 10 years ago doesn't necessarily tell us much about the current situation IMO.  

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Not since 5-10 years ago. Over the past 5-10 years.

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  On 3/5/2025 at 4:04 PM, Bob Sacamano said:

Not since 5-10 years ago. Over the past 5-10 years.

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Yeah I miss read what was posted.  Thanks for the clarification.

Nonetheless, it's not unreasonable to think that, even though Jerry has been telling him no over the past 5-10 years, that things are different now.  Perhaps he didn't want to lose Ishbia as a potential successor since he was about the buy the Twins.  Or maybe he sees that he's reached a dead end with the state over funding for a new stadium and needs a deep-pocketed investor.  Or maybe Jerry has finally decided it's time to start putting a succession plan in motion even if he wasn't ready for this a few years ago. 

Edited by 77 Hitmen
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