The Chicago White Sox have entered into a major investment agreement that could reshape the franchise’s future, but the full story is still unfolding. Here’s what you need to know.
Justin Ishbia, a billionaire investor and brother of Phoenix Suns owner Mat Ishbia, will make significant capital infusions into the White Sox as a limited partner in 2025 and 2026. These funds are aimed at reducing the team’s existing debt and supporting ongoing operations The Ishbia family, including Mat and their father Jeff, are expected to be substantial investors under this arrangement.
The deal gives current White Sox chairman Jerry Reinsdorf the option to sell his controlling interest in the team to Justin Ishbia between 2029 and 2033. If that does not happen, Ishbia will have the opportunity to acquire the controlling stake after the 2034 season No transaction can occur before 2029, and there is no guarantee the sale will ultimately take place.
Reinsdorf, who has owned the White Sox since 1981, will continue to lead the franchise for the foreseeable future. In a statement, he reaffirmed his commitment to the team and to restoring its success on the field.
The timing of the agreement is notable: the White Sox’s lease at Guaranteed Rate Field expires after the 2029 season, fueling speculation about the team’s long-term location. However, Justin Ishbia’s deep ties to Chicago suggest he is likely to keep the team in the city if he becomes the owner.
For White Sox fans, the Ishbia deal signals a potential new era—one backed by significant financial resources and a willingness to invest. But with the timeline stretching into the next decade, the suspense around the team’s future leadership and direction remains high.
