White Sox Announce Long-Term Ownership Investment Agreement

Major League Baseball (MLB) franchise, the Chicago White Sox have confirmed a long-term investment agreement with billionaire businessman Justin Ishbia, setting the stage for a phased transition of ownership that will ultimately see him become the club’s controlling owner. The deal ensures financial stability and leadership continuity while laying the foundation for a new era of growth both on and off the field.

Ishbia, who also holds ownership stakes in the Phoenix Suns and WNBA’s Phoenix Mercury, will begin by making significant minority investments into the team during the 2025 and 2026 MLB seasons. These contributions are expected to support operational costs, reduce existing debt and prepare the organisation for future strategic moves.

As part of the agreement, current White Sox Chairman Jerry Reinsdorf will retain control through at least 2029, after which Ishbia will hold the option to purchase a controlling interest in the franchise. By the end of 2034, Ishbia will also have the right to acquire full ownership, including offers to the club’s existing minority partners.

Reinsdorf, who has owned the franchise since 1981, has long been considered one of Major League Baseball’s most influential figures. This agreement ensures a gradual and controlled succession, allowing him to oversee the transition and maintain stability during a period of strategic planning.

For the White Sox, the deal represents more than just a change in leadership. It introduces a well-capitalised, sport-savvy investor with a proven track record in modern franchise operations. Ishbia’s experience in fan engagement, digital strategy and brand building is expected to play a key role in re-energising the club’s commercial performance.

The announcement also comes at a time when speculation around the team’s future ballpark and location has intensified. With the City of Chicago advancing plans for “The 78” development site, Ishbia’s arrival adds further weight to potential stadium negotiations and long-term infrastructure investment.