Look at Ray Ray Run

This might be true, but he's not going to net much. He's a solid versatile player. Maybe he cliffed last year and he's through, but it was worth the gamble.

Drury is a solid big leaguer in my opinion. You might be able to steal 3 WAR from someone like Drury.

I'm confused about what I'm incorrect about. Nothing essential was confirmed, and Hayes basically just cited Greenbergs article - he had zero original reporting. I agree that he is purchasing the team, and never stated otherwise. We're all just reading tea leaves though and it has nothing to do with reading two articles that said nothing.

Two quotes from Hayes article that you consider "essential." "People with knowledge of the situation believe Ishbia’s deal with the White Sox comes with an eventual path to take a controlling interest from longtime owner Jerry Reinsdorf." "However, the White Sox issued a statement denying that the deal comes with provisions for Ishbia to take control." and the Greenberg article: "People with knowledge of the discussions believe that the deal will allow Ishbia to take control of the team at some point by buying the shares of longtime owner Jerry Reinsdorf and other partners. But a White Sox official on Friday night disputed that notion, even though it would be unusual for prospective owners to make significant investments for minority shares without the promise of their stakes growing larger." There was nothing essential stated in either article to help estimate a transition period.

I think it looks bad to other owners to potentially poach their buyer. I also don't think Jerry ever has to be closer to selling to give up control. I still find it hard to believe that ishbia wants to own 40-50+% of something while someone else tanks it into the ground. I always thought it would likely take a year or two, so I'll be optimistic and say one year.

Nothing formal today, but today should be the day the gears starting officially turning.

Happy Ishbia day! Hopefully the countdown begins today!

If you're worse than the worst record of all time, you're still the worst of all time. It's impossible to be worse than the worst of all time. Don't think you're understanding by statement fully.

Based on the entire history of baseball, it is quite literally impossible to get worse than last year.

The suns were just in a conference finals. It's much easier to get "worse" than that.

He brought on elite talent who didn't mesh. If that's our problem here, OK. That would be way better than having the worst team in the sports history.

Ishbia doesn't strike me as someone who wants to hold the players down. He's buying a team to win and for fun. If anything, he'll want to act like a big market owner so I just don't see the benefit of having a small-market representation at the table.

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.

Why? He would just be holding them for tax purposes.

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.

I'll say this, we get an Ishbia announcement on Friday and I'll buy a season ticket package that day.

The White Sox were the worst team of all time, completely devoid of position talent and upside, so we probably don't want to compare ourselves to anyone else.

Also, why would Ishbia want Jerry negotiating the future of the league for him?

Cohen is also very unique because most of that is straight cash. Horrible human being though. Justin is similar in that it's a lot of cash on hand as opposed to business value.

I like Burke. It's not the health but the command that worries me. He's got a great body and arm with high end stuff.

Unless you guys are talking to Jerry or Michael or the Partners at BDT & MSD, everything else will just be noise.

The problem here is typically capital calls can only be requested up to the amount of the already-invested. I can't imagine, given the tenure of most of these investors (I'm sure there are others more recent), that there's much capital to call down. Much of the value has been in gains for most of these limited partners. Typically these would also need to be in the initial agreements - or some amended version. Jerry, in theory, could be asking for capital now, meaning if someone did decline the call he'd be within right to dilute their share. Generally, the last part makes a little sense but given their removal of the diluted part from the article I'd speculate a capital call isn't happening but absolutely possible.

Correct, there are others paths here but none that are really within the scope of liklihood. This is business and the most obvious reason is almost always the right one. Especially given that the Reinsdorfs approached him after the Twins news.

Basically, dilution is much more likely to mean an infusion of cash into the business. It does get a bit tricky, depending on the Sox structure and agreements in place with limited partners (which I'm not going to pretend to understand or even speculate on), but assuming the double value was enough to dilute their percentage without diluting their value and they were on board with the perspective long-term growth from Ishbia's capital infusion, they could have agreed to allow Ishbia to create additional shares and increase cash flow and valuation for a stadium agreement and other capital needs. In this case, given that there is no additional share creation here, I find it much more likely this is merely a pathway to an outright sale. Unless there is some clause in the partnership agreements - which I highly doubt - Jerry can't force the limited partners to sell, meaning in my opinion, 1.8 was the price they agreed to sell out at; at least the majority of them. Edit: I like to think they're reading Soxtalk and saw our conversation on dilution so they circled around and updated their article.

This eliminates the stadium funding side then. This is just a formal buyout and sale.