DoUEvenShift Posted February 28 Share Posted February 28 On 2/28/2025 at 2:44 PM, Look at Ray Ray Run said: Happy Ishbia day! Hopefully the countdown begins today! Expand 3 Quote Link to comment Share on other sites More sharing options...
Harold's Leg Lift Posted February 28 Share Posted February 28 On 2/28/2025 at 3:27 PM, poppysox said: If all minority owners take the offer...the fix is in. Expand There's no fix. They agreed on how much he's buying. Quote Link to comment Share on other sites More sharing options...
CaliSoxFanViaSWside Posted February 28 Share Posted February 28 On 2/28/2025 at 3:37 PM, Harold's Leg Lift said: There's no fix. They agreed on how much he's buying. Expand All are not taking the offer but many will be. There were sellers in 2021 when Ishbia and Reinsdorf's kids bought up some shares at $900M which is half of what the shares are being sold for now . And that's the distressed asset price which is why some are not selling because they expect share prices to be higher later especially if Ishbia's money brings positive changes in the spending habits of ownership. Quote Link to comment Share on other sites More sharing options...
CaliSoxFanViaSWside Posted February 28 Share Posted February 28 This is the article that Sportico.com put out on January 13th ,2025 about Ishbia's purchase in 2021. https://www.sportico.com/business/team-sales/2025/mat-justin-ishbia-white-sox-stake-twins-1234823444/ Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 28 Share Posted February 28 On 2/28/2025 at 2:45 PM, Chicago White Sox said: I just hope we get some leak today on how much ownership he’s assumed…I’m guessing we don’t hear much until the league approves unfortunately. Expand I will be moderately surprised if we know anything today. Answering questions and giving out information freely isn't something the White Sox really do. Quote Link to comment Share on other sites More sharing options...
WhiteSox2023 Posted February 28 Share Posted February 28 On 2/28/2025 at 4:25 PM, southsider2k5 said: I will be moderately surprised if we know anything today. Answering questions and giving out information freely isn't something the White Sox really do. Expand What about press releases to say that they suck and changes will be made?!? Quote Link to comment Share on other sites More sharing options...
77 Hitmen Posted February 28 Share Posted February 28 (edited) On 2/26/2025 at 7:28 PM, BrittBurnsFan said: What does the issue of an expiring lease do for/against JR? Does it make the team more/less valuable? I get that many of us want a shiny new park (I DO!!)...but what impact would it have on the value of the franchise if JR decided to sign a lease for the use of the current park for 10 or 20 years? Expand Good question. If (and that's a massive *IF*) he were able to get ISFA to agree to another long-term sweetheart deal, perhaps that helps the value of the franchise. But other than that, I'd have to imagine that the team would be less valuable to potential buyers if they're locked into the current location for another couple of decades. At the end of the current lease, the stadium will be approaching 40. Add another couple of decades and a buyer would be locked into a ballpark until it's close to 60 years old and in a neighborhood that has no history of drawing visitors looking to spend entertainment dollars outside the park itself in any meaningful way. Probably moot as I don't see any new long-term lease coming while Jerry is still in charge. Edited February 28 by 77 Hitmen 1 Quote Link to comment Share on other sites More sharing options...
Squirmin' for Yermin Posted February 28 Share Posted February 28 On 2/27/2025 at 5:14 AM, caulfield12 said: The odds-makers were at 54.5 predicted wins before Spring Training...but if they were to put an updated line at Vegas, it might be down to 51-52 and just wait until Luis Robert, Jr., is traded. 49-50 at that point. Any record in the 40's with losses in the 110's would feel in many ways "worse" than the 2024 record. Because they need do show REAL, demonstrable progress, and at the very least, Vargas/Sosa/Teel/Quero/C.Montgomery will all start seeing major league action this year, even if they hold Smith and Schultz back for May 2026. Expand They update the odds minute-ly Quote Link to comment Share on other sites More sharing options...
Lip Man 1 Posted February 28 Share Posted February 28 “I’d advise those partners there’s just not a lot of money to be made with investments like this. It’s sort of a civic duty project. I’ve always looked at ownership of a baseball team as a public trust, maybe even a charitable thing.”--Jerry Reinsdorf 1980. https://www.chicagotribune.com/2025/02/28/chicago-white-sox-jerry-reinsdorf-justin-ishbia-ownership/ 1 Quote Link to comment Share on other sites More sharing options...
The Grinder Posted February 28 Share Posted February 28 On 2/28/2025 at 4:36 PM, 77 Hitmen said: Good question. If (and that's a massive *IF*) he were able to get ISFA to agree to another long-term sweetheart deal, perhaps that helps the value of the franchise. But other than that, I'd have to imagine that the team would be less valuable to potential buyers if they're locked into the current location for another couple of decades. At the end of the current lease, the stadium will be approaching 40. Add another couple of decades and a buyer would be locked into a ballpark until it's close to 60 years old and in a neighborhood that has no history of drawing visitors looking to spend entertainment dollars outside the park itself in any meaningful way. Probably moot as I don't see any new long-term lease coming while Jerry is still in charge. Expand Wonder if ISFA would ever allow an escape clause to get out of the lease if certain conditions are met 1 Quote Link to comment Share on other sites More sharing options...
WBWSF Posted February 28 Share Posted February 28 I thought some news would breakout by now. Still hoping we hear something today. Quote Link to comment Share on other sites More sharing options...
poppysox Posted February 28 Share Posted February 28 On 2/28/2025 at 3:37 PM, Harold's Leg Lift said: There's no fix. They agreed on how much he's buying. Expand Yeah...all of it. 2 Quote Link to comment Share on other sites More sharing options...
ptatc Posted February 28 Share Posted February 28 On 2/28/2025 at 3:50 PM, CaliSoxFanViaSWside said: All are not taking the offer but many will be. There were sellers in 2021 when Ishbia and Reinsdorf's kids bought up some shares at $900M which is half of what the shares are being sold for now . And that's the distressed asset price which is why some are not selling because they expect share prices to be higher later especially if Ishbia's money brings positive changes in the spending habits of ownership. Expand Ill wager that the organization is spending the same amount over the last few years. It's just that kw and Hahn spent everything on players salaries and nothing on the infrastructure. Getz came along and decided to bite the bullet for a couple of years to build the infrastructure and spend there while not spending on player salaries. Quote Link to comment Share on other sites More sharing options...
pcq Posted February 28 Share Posted February 28 If Getz had a billion rubles he would not know what to do. Another fail upward scheme. 1 1 Quote Link to comment Share on other sites More sharing options...
ptatc Posted February 28 Share Posted February 28 On 2/28/2025 at 8:44 PM, pcq said: If Getz had a billion rubles he would not know what to do. Another fail upward scheme. Expand We'll see. 1 Quote Link to comment Share on other sites More sharing options...
whitesoxwinner Posted February 28 Share Posted February 28 On 2/28/2025 at 4:00 PM, CaliSoxFanViaSWside said: This is the article that Sportico.com put out on January 13th ,2025 about Ishbia's purchase in 2021. https://www.sportico.com/business/team-sales/2025/mat-justin-ishbia-white-sox-stake-twins-1234823444/ Expand "The team would be worth more out of town"- Jerry. If that is true, it is entirely on him. I hate him. Looking forward to the day he is gone 1 Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 28 Share Posted February 28 On 2/28/2025 at 8:44 PM, pcq said: If Getz had a billion rubles he would not know what to do. Another fail upward scheme. Expand It would be like 10 million dollars, so probably use it on a couple middle aged relievers and utility guys. 2 Quote Link to comment Share on other sites More sharing options...
Chicago White Sox Posted February 28 Share Posted February 28 On 2/28/2025 at 8:35 PM, ptatc said: Ill wager that the organization is spending the same amount over the last few years. It's just that kw and Hahn spent everything on players salaries and nothing on the infrastructure. Getz came along and decided to bite the bullet for a couple of years to build the infrastructure and spend there while not spending on player salaries. Expand There is no way the drop in payroll has been shifted to infrastructure. A small amount sure, but the general decrease is driven by a reduction in revenue and not capital allocation. 1 1 1 Quote Link to comment Share on other sites More sharing options...
CaliSoxFanViaSWside Posted February 28 Share Posted February 28 (edited) On 2/28/2025 at 8:35 PM, ptatc said: Ill wager that the organization is spending the same amount over the last few years. It's just that kw and Hahn spent everything on players salaries and nothing on the infrastructure. Getz came along and decided to bite the bullet for a couple of years to build the infrastructure and spend there while not spending on player salaries. Expand Id wager and win. So how much do you think is being spent on infrastructure ? That's a fraction of the cost of player payroll. Tampa was was the gold standard for years who could have a strong infrastructure while having a low player payroll and still win. If their player payroll was $100M they were not spending another $100M on infrastructure every year. For the cost of 1 player on a minimum ML salary there's a lot of infrastructure you can acquire for $800K. Startup costs will be higher at the beginning but once in place it'll need yearly maintenance which is not nearly as costly. Coaches, scouts coaches, administrators even the best ones are not cost prohibitive like the best players are. I realize you're only thinking about the last couple of years but each being equal but not a chance. Even during a rebuild you don't want to be pitiful. Pitiful is $70M player payroll.Again no way they spent $70M on infrastructure. Edited February 28 by CaliSoxFanViaSWside 1 Quote Link to comment Share on other sites More sharing options...
Bob Sacamano Posted February 28 Share Posted February 28 On 2/28/2025 at 10:43 PM, CaliSoxFanViaSWside said: Id wager and win. So how much do you think is being spent on infrastructure ? That's a fraction of the cost of player payroll. Tampa was was the gold standard for years who could have a strong infrastructure while having a low player payroll and still win. If their player payroll was $100M they were not spending another $100M on infrastructure every year. For the cost of 1 player on a minimum ML salary there's a lot of infrastructure you can acquire for $800K. Startup costs will be higher at the beginning but once in place it'll need yearly maintenance which is not nearly as costly. Coaches, scouts coaches, administrators even the best ones are not cost prohibitive like the best players are. I realize you're only thinking about the last couple of years but each being equal but not a chance. Expand Gotta agree. You aren't paying payroll that significantly and seeing all of it spend in other areas. No way. Quote Link to comment Share on other sites More sharing options...
PaleAleSox Posted February 28 Share Posted February 28 Infrastructure costs far less than players. Which is why it never made sense that JR didn't fully buy into it (outside of being an old asshole who can't comprehend something, therefore it's bad). 3 Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 28 Share Posted February 28 On 2/28/2025 at 10:45 PM, Bob Sacamano said: Gotta agree. You aren't paying payroll that significantly and seeing all of it spend in other areas. No way. Expand With all the veteran scouts that have been cut or retired...might be 10-15% overall growth on the development/analytics side, but you're probably talking $7.5-10 million reallocated overall...at most. Including new equipment/tech. Quote Link to comment Share on other sites More sharing options...
Texsox Posted February 28 Share Posted February 28 I've been trying to find an article that links winning with a higher valuation. All baseball franchises have increased tremendously in value. I wonder if someone looks at the purchase price and thinks they would spend another 100 million if the team won 70 games. Maybe 200 million more if they won 90? It seems like stadium deal, TV revenue, salaries, etc would have as much, or even more, affect on the sales price. Now a long tradition of success has a value, I'm not certain a couple winning seasons would get a buyer to forget the past 125 years. Quote Link to comment Share on other sites More sharing options...
WBWSF Posted February 28 Share Posted February 28 On 2/28/2025 at 8:58 PM, whitesoxwinner said: "The team would be worth more out of town"- Jerry. If that is true, it is entirely on him. I hate him. Looking forward to the day he is gone Expand When the White Sox agreed to stay in Chicago in the late 1980s and not move to Florida, JR said that having a team in Florida was a better business model than staying in Chicago. Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 28 Share Posted February 28 On 2/28/2025 at 11:23 PM, Texsox said: I've been trying to find an article that links winning with a higher valuation. All baseball franchises have increased tremendously in value. I wonder if someone looks at the purchase price and thinks they would spend another 100 million if the team won 70 games. Maybe 200 million more if they won 90? It seems like stadium deal, TV revenue, salaries, etc would have as much, or even more, affect on the sales price. Now a long tradition of success has a value, I'm not certain a couple winning seasons would get a buyer to forget the past 125 years. Expand It's the idea they could be the Mets or Angels...the second team in a large market. And with a new downtown stadium and continued non-competitiveness from the Cubs in terms of long term spending...at least get back to 2005-2008 if not the early 90s feeling. Quote Link to comment Share on other sites More sharing options...
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