Well, this news has come right out of the ballpark. Just months after billionaire Justin Isbia seemed all set to get the Minnesota Twins, he has pulled a complete 360-degree turn. He is going all in for the Chicago White Sox instead.
The same Ishbia, who, along with his brother Mat, co-owns the NBA’s Phoenix Suns and WNBA’s Mercury. He signed a long-term investment deal that puts him on the way to gaining potential control of the White Sox by 2034.
Now, according to the team’s official announcement, current owner Jerry Reinsdorf, who turns 89, will stick around at least until 2029. But from 2029 to 2033, he can sell the control to Ishbia, and after 2023, he gets the option to buy the team itself.
Breaking: The White Sox announce they have entered into a long term investment agreement with billionaire Justin Ishbia: “The agreement provides that, from 2029–2033, Reinsdorf will have the option to sell the controlling interest to Ishbia. After the 2034 season, Ishbia will…
— Jesse Rogers (@JesseRogersESPN) June 5, 2025
Sure, for now it’s a subtle move, but who is anyone kidding? This is a pure power play. Because the Isbias were frontrunners to buy the Minnesota franchise from the Pohlad family. Everyone thought it was a deal as good as done. But at the last minute, Justin pivoted from it. Instead of going for them, he doubled on a minority stake he already had in the Chicago White Sox. Something that dates back to 2021.
The post American Billionaire Stuns MLB World With Wild Long-Term Move for White Sox Months After Snubbing Twins appeared first on EssentiallySports.