caulfield12 Posted February 26 Share Posted February 26 (edited) https://www.kgw.com/video/sports/locked-on/lo-chicago/white-sox-show/justin-ishbias-white-sox-involvement-could-mean-a-new-ballpark-is-on-the-horizon-or-something-more/535-7005de66-f9a3-4b3f-9acf-4ce055905d96 I don't have headphones at work....what does this say? Just idle journalistic speculation? Justin Ishbia's White Sox involvement could mean a new ballpark is on the horizon or something more... The report on Friday has left us, as Sox fans, with more questions than answers, that's for sure. The hope is that there is a light at the end of the tunnel, and the promise of better days is right in front of us. I still struggle to believe that Justin Ishbia abandoned his opportunity to have 100% control of a Major League franchise to simply increase his shares of the White Sox, continue to be a silent partner, and maybe just help provide funding for a new stadium. There has to be more. Of course, the team can't say that he is the heir apparent to controlling our favorite baseball team, but why else would he do this? Why would we know specific dollar amounts and deadlines and that an investment firm based in Chicago is brokering the deal if this was just merely increasing minority shares? Jerry Reinsdorf turned 89 years old today. He has everything he could possibly want in his life, so it's time he did something for Sox fans and gave us the gift of ownership that values winning above all else. With all of this in mind, if Justin Ishbia increases his stakes in the team, is it unreasonable to think he would want to start signing real players and looking to turn around this team? But would his desire to improve the on-field product lead to strife with Jerry and other remaining partners? We all know Jerry has a four-decade history of suppressing salaries and has valued profit margins above playoff appearances, but Justin Ishbia looks to be the polar opposite. Would these opposing viewpoints lead to internal conflict? Or could Ishbia's deep pockets alleviate Jerry's worries when it comes to handing out market-value contracts in the current baseball world? https://ontapsportsnet.com/mlb/ishbia-white-sox-ownership-stake-increase-sparks-hope Edited February 26 by caulfield12 Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 26 Share Posted February 26 The "cash call" for futute stadium investment funds (if they don't sell out this week to Ishbia at a $1.8 billion valuation) makes sense... "The minority owners may not have the cash available or want to put up the cash for a new stadium. Thus, they sell to someone like Ishbia (or Hobson) who has the cash to meet this capital call. I’m not a corporate lawyer, but looking at all this together, it seems like some sort of succession plan is forming. The owners are selling to, essentially, richer people so the richer people can raise cash to build a new stadium. Jerry seems to be making a plan to transfer operational control. The new era of the White Sox is forming in front of our eyes. It looks pretty good honestly." soxmachine.com comments Quote Link to comment Share on other sites More sharing options...
BrittBurnsFan Posted February 26 Share Posted February 26 Apologize if this has been covered in the 20 pages...but is a "formal" announcement about something happening coming Friday or will this involve a bunch of reporters looking for leaks about a private meeting? Either way this is exciting... Quote Link to comment Share on other sites More sharing options...
fathom Posted February 26 Share Posted February 26 On 2/26/2025 at 4:35 PM, BrittBurnsFan said: Apologize if this has been covered in the 20 pages...but is a "formal" announcement about something happening coming Friday or will this involve a bunch of reporters looking for leaks about a private meeting? Either way this is exciting... Expand I think it will just be confirmation of the shares being bought. I doubt it’s anything major. 1 Quote Link to comment Share on other sites More sharing options...
Kyyle23 Posted February 26 Share Posted February 26 On 2/26/2025 at 4:35 PM, BrittBurnsFan said: Apologize if this has been covered in the 20 pages...but is a "formal" announcement about something happening coming Friday or will this involve a bunch of reporters looking for leaks about a private meeting? Either way this is exciting... Expand Seems more that the decision by the board is to be made by Friday, not sure we get a formal announcement any time soon, but we can hope! 1 Quote Link to comment Share on other sites More sharing options...
GreatScott82 Posted February 26 Share Posted February 26 Is there any chance Fridays meeting is more than just the sale of these minority shares? Would they announce any potential succession plan to the media? Or will all of that be hidden until Jerry passes? Once again, I find it odd that Ishbia would walk out of the negotiations of the Twins deal unless something was more iminent with this White Sox ownership situation..... 1 Quote Link to comment Share on other sites More sharing options...
Fielder Jones Posted February 26 Author Share Posted February 26 It could be four years til official total takeover of this thing. It will be interesting to see if this same thread is still going strong at that point. The team's onfield offerings might make that possible 1 Quote Link to comment Share on other sites More sharing options...
poppysox Posted February 26 Share Posted February 26 On 2/26/2025 at 4:48 PM, GreatScott82 said: Is there any chance Fridays meeting is more than just the sale of these minority shares? Would they announce any potential succession plan to the media? Or will all of that be hidden until Jerry passes? Once again, I find it odd that Ishbia would walk out of the negotiations of the Twins deal unless something was more iminent with this White Sox ownership situation..... Expand I would be shocked if Ishbia isn't named managing partner within days. He would own 60% or more. It doesn't make sense that a billionaire businessman owns the majority of stock, but let's JR do things his way. Jerry can be a minority owner without selling out and creating whatever tax ramifications there might be. This whole thing has been worked out with the minority owners long before we heard word one, IMO. Quote Link to comment Share on other sites More sharing options...
Harold's Leg Lift Posted February 26 Share Posted February 26 On 2/26/2025 at 5:24 PM, poppysox said: I would be shocked if Ishbia isn't named managing partner within days. He would own 60% or more. It doesn't make sense that a billionaire businessman owns the majority of stock, but let's JR do things his way. Jerry can be a minority owner without selling out and creating whatever tax ramifications there might be. This whole thing has been worked out with the minority owners long before we heard word one, IMO. Expand You're wishcasting. Quote Link to comment Share on other sites More sharing options...
Bob Sacamano Posted February 26 Share Posted February 26 On 2/26/2025 at 5:32 PM, Harold's Leg Lift said: You're wishcasting. Expand Yeah I think it will be longer than some are hoping for. It isn't going to be that instant. However, I think it could be by end of 2026 whenever the agreement ends with the MLBPA (I'm pretty sure the last one expired in December). Ishbia is only 47 so he could wait a few years. Quote Link to comment Share on other sites More sharing options...
Kyyle23 Posted February 26 Share Posted February 26 On 2/26/2025 at 5:19 PM, Fielder Jones said: It could be four years til official total takeover of this thing. It will be interesting to see if this same thread is still going strong at that point. The team's onfield offerings might make that possible Expand If the breadcrumbs keep falling for 4 years I have no doubt this will be the mega thread we all dream about 😂 Quote Link to comment Share on other sites More sharing options...
PaleAleSox Posted February 26 Share Posted February 26 On 2/26/2025 at 5:32 PM, Harold's Leg Lift said: You're wishcasting. Expand Why won't he do that, though? He would still keep his shares. He might see the team have a little success before he dies, which currently is not going to happen. I know he says he does it because he doesn't have any other hobbies, but he'd still be around. Quote Link to comment Share on other sites More sharing options...
Fielder Jones Posted February 26 Author Share Posted February 26 im sure ishbia was promised something really good but there's no evidence that it's something immediate. jerry wants to make the team good before he sells it. thats at least what is in his mind (and in his public comments, folks) even if we dont think thats likely to happen. when you sell something at the pawn shop dont you want to sell it in best possible condition, if you can? his dream scenario is he spends nothing but getz builds a cheap winner, then at that point he would sell. as a team on the rise and if none of that starts coming to fruition, his waiting/doing nothing thing has the fallback benefit of still keeping him in charge of a baseball team (technically, a team) plus side for us, he could pass away and then everything speeds up Quote Link to comment Share on other sites More sharing options...
poppysox Posted February 26 Share Posted February 26 On 2/26/2025 at 5:32 PM, Harold's Leg Lift said: You're wishcasting. Expand Hope not. Quote Link to comment Share on other sites More sharing options...
Harry Chappas Posted February 26 Share Posted February 26 On 2/25/2025 at 10:31 PM, Tony said: No one at 35th & Shields has any sort of grasp on how much excitement would be injected into the veins of Sox fans with the news Jerry won't be owning the team anymore. It will be a glorious day, whenever that comes. Expand I am going to Opening Day for the 36th straight year based solely on this possibility. 1 Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 26 Share Posted February 26 On 2/26/2025 at 4:48 PM, GreatScott82 said: Is there any chance Fridays meeting is more than just the sale of these minority shares? Would they announce any potential succession plan to the media? Or will all of that be hidden until Jerry passes? Once again, I find it odd that Ishbia would walk out of the negotiations of the Twins deal unless something was more iminent with this White Sox ownership situation..... Expand My guess? I don't think they even wanted out the info that got out, and I would be mildly surprised if anything did come out on Friday, or whenever the deadline actually falls during the day. They usually keep info pretty buttoned up, and only leak what they want out. This does not seem like that kind of a topic. 1 Quote Link to comment Share on other sites More sharing options...
fathom Posted February 26 Share Posted February 26 On 2/26/2025 at 5:48 PM, southsider2k5 said: My guess? I don't think they even wanted out the info that got out, and I would be mildly surprised if anything did come out on Friday, or whenever the deadline actually falls during the day. They usually keep info pretty buttoned up, and only leak what they want out. This does not seem like that kind of a topic. Expand And it’s why you see pushback from some of those closest to JR. To me though, it’s happening just not as quickly as all of us hope. Quote Link to comment Share on other sites More sharing options...
JoeC Posted February 26 Share Posted February 26 If JR kept his shares and handed over the day-to-day control of the team to Ishbia, that would garner a s%*# ton of respect from me pretty instantly. Quote Link to comment Share on other sites More sharing options...
Look at Ray Ray Run Posted February 26 Share Posted February 26 (edited) On 2/26/2025 at 4:48 PM, GreatScott82 said: Is there any chance Fridays meeting is more than just the sale of these minority shares? Would they announce any potential succession plan to the media? Or will all of that be hidden until Jerry passes? Once again, I find it odd that Ishbia would walk out of the negotiations of the Twins deal unless something was more iminent with this White Sox ownership situation..... Expand Given that the limited partners deadline for sale is Friday, it's very unlikely (I'd say impossible, but don't want to be wrong!) that anything formal could/would be announced regarding a transition. One, MLB would have to approve of a sale and there's a lot of process to work through. Additionally, without commitment from limited partners until Friday you couldn't really formalize the rest of any agreements until after. I do think it's possible to get a better idea of the next steps based on the announcement/information released Friday though. Edited February 26 by Look at Ray Ray Run 2 Quote Link to comment Share on other sites More sharing options...
Look at Ray Ray Run Posted February 26 Share Posted February 26 On 2/26/2025 at 5:58 PM, JoeC said: If JR kept his shares and handed over the day-to-day control of the team to Ishbia, that would garner a s%*# ton of respect from me pretty instantly. Expand Why? He would just be holding them for tax purposes. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 26 Share Posted February 26 On 2/26/2025 at 5:55 PM, fathom said: And it’s why you see pushback from some of those closest to JR. To me though, it’s happening just not as quickly as all of us hope. Expand My completely uneducated guess. -This is happening behind the scenes for a reason. -The path to ownership is happening. -I really like the idea that Jerry is going to stay behind and do the dirty work for the stadium and possibly the labor negotiations, and that they don't want to name a successor so that value is maximized by Ishiba staying out of it, and gets to ride in the spotlight with a fully positive experience when the change happens. This to make sure that the blood of the kills that Jerry is about to make don't get on the new ownership, and Jerry gets out at the max upon his death. -Once everything is settled, Ishiba takes over. -JR isn't selling now, but Ishiba has right of first refusal on his shares upon death, most likely at a preapproved price. This allows Jerry to have his estate planning done, succession done, and the team successfully transferred without blowing the tax implications Jerry is looking to avoid. Quote Link to comment Share on other sites More sharing options...
Look at Ray Ray Run Posted February 26 Share Posted February 26 On 2/26/2025 at 6:03 PM, southsider2k5 said: My completely uneducated guess. -This is happening behind the scenes for a reason. -The path to ownership is happening. -I really like the idea that Jerry is going to stay behind and do the dirty work for the stadium and possibly the labor negotiations, and that they don't want to name a successor so that value is maximized by Ishiba staying out of it, and gets to ride in the spotlight with a fully positive experience when the change happens. This to make sure that the blood of the kills that Jerry is about to make don't get on the new ownership, and Jerry gets out at the max upon his death. -Once everything is settled, Ishiba takes over. -JR isn't selling now, but Ishiba has right of first refusal on his shares upon death, most likely at a preapproved price. This allows Jerry to have his estate planning done, succession done, and the team successfully transferred without blowing the tax implications Jerry is looking to avoid. Expand I'm confused why any of you would want JR to deal with CBA negotiating for a team he's not going to run. I'd want the ownership group who will be running shop to be a part of the conversation. The White Sox have been abused by CBA agreements more than any other team. Jerry hasn't achieved anything. 2 Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 26 Share Posted February 26 On 2/26/2025 at 6:04 PM, Look at Ray Ray Run said: I'm confused why any of you would want JR to deal with CBA negotiating for a team he's not going to run. I'd want the ownership group who will be running shop to be a part of the conversation. The White Sox have been abused by CBA agreements more than any other team. Jerry hasn't achieved anything. Expand People still haven't forgiven Jerry for 1994. if this is going to be as ugly and bloody as people claim, blame going to someone who is leaving the picture if very convenient for everyone else. This doesn't mean they won't be on the same basic page, but it will be Jerry with the knife, and not the new owners. 1 Quote Link to comment Share on other sites More sharing options...
poppysox Posted February 26 Share Posted February 26 On 2/26/2025 at 6:03 PM, southsider2k5 said: My completely uneducated guess. -This is happening behind the scenes for a reason. -The path to ownership is happening. -I really like the idea that Jerry is going to stay behind and do the dirty work for the stadium and possibly the labor negotiations, and that they don't want to name a successor so that value is maximized by Ishiba staying out of it, and gets to ride in the spotlight with a fully positive experience when the change happens. This to make sure that the blood of the kills that Jerry is about to make don't get on the new ownership, and Jerry gets out at the max upon his death. -Once everything is settled, Ishiba takes over. -JR isn't selling now, but Ishiba has right of first refusal on his shares upon death, most likely at a preapproved price. This allows Jerry to have his estate planning done, succession done, and the team successfully transferred without blowing the tax implications Jerry is looking to avoid. Expand Ishiba did not give up his Twins pursuit for the right of first refusal, in my opinion. 1 Quote Link to comment Share on other sites More sharing options...
Kyyle23 Posted February 26 Share Posted February 26 On 2/26/2025 at 6:04 PM, Look at Ray Ray Run said: I'm confused why any of you would want JR to deal with CBA negotiating for a team he's not going to run. I'd want the ownership group who will be running shop to be a part of the conversation. The White Sox have been abused by CBA agreements more than any other team. Jerry hasn't achieved anything. Expand The only reason I think maybe it would be a problem is because of what was mentioned earlier in the thread, in which it was noted that JR lost a ton of juice when he tried to block Manfred. Quote Link to comment Share on other sites More sharing options...
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