Chicago White Sox

So an interesting point that was made in FutureSox’s write-up on this, but one I was thinking about as well. The original Athletic article pointed out possible share dilution for owners who don’t sell to Ishbia by Friday, but then scrapped that comment in an update to the article. However, is it possible that Jerry is using a threat of a future capital call to help finance a privately owned stadium to get the other minority owners to sell now at the $1.8B valuation?

If they were issuing new shares of equity, then the existing owners’ shares would be diluted. But Ishbia is simply buying out owners of their existing shares, so ownership stakes shouldn’t change for people who don’t sell. As for the benefit of buying now, there is none since Jerry has absolute control of everything in the current limited partnership structure. If Ishbia’s goal it to take on 100% ownership one day, this obviously helps streamline the process, but ultimately he’d only be going through this effort if it’s part of a larger plan.

What a dumb fucking article

@ptatc - What does this mean?

Why are you doubling down on this WNBA stuff? There will never be any stadium connection between a baseball team and a WNBA team. There is zero reason to have this discussion. If you want to discuss the Sky or other WNBA teams, please do so at a different board or in the respective thread here.

Again Caulfield, I enjoy and respect you as a poster, but why the f*** would the White Sox have any interest in partnering up with a WNBA team for a 78 deal. It’s absolute nonsense and this is the type of stuff you post that gets you beat up by the rest of the board. You need to think before you post this stuff man and I say that not trying to be mean in the slightest.

Why are you sharing a random Reddit post that’s tied to some museum that is no longer happening?

You think Hobson has 30% to 40% ownership?

Super impressive HR from Colson. Down & away pitch from a lefty.

Take that s%*# back!

Robert just missed a HR with a double off the wall. Dude upping that trade value fast!

Sox in regular season form with the 62.5% K rate so far

Don’t believe so…just go to the MLB app and click on the watch icon at the bot and select the game and hopefully it should work for you as well

For reference on the Orioles deal: Per Google’s AI, this deal structure allowed control to transfer to Rubenstein immediately while saving the Angelos ~$250M in capital gains taxes. I would wager large sums of money that this is the same playbook for Ishbia / Jerry.

You are awesome man

Any way to watch this game if you don’t have Marquee?

I mean, they appear to be arranging a deal for Ishbia to buy out all the non Reinsdorf share holders. Theoretically it seems like Ishbia may own more of the team than Jerry a week from today. Obviously that doesn’t mean he will have control anytime soon, but Ishbia wouldn’t be making this deal if he had to wait out Jerry forever. We need that Ron Paul “It’s Happening” GIF right about now.

That makes zero sense to me. Ishbia simply isn’t going to wait that long to get his team. No eventual owner has spent 9 to 14 years of time (he bought his initial shares of the Sox in 2021) to seize control of their target. He was already in process of shifting over to the Twins prior to Jerry reaching out and making some sort of offer to him.

That lineup is worth watching…Meidroth alone is worth the price of admission.

There’s playing Devil’s Advocate and then there is this post.

And we literally just had an Orioles sale get done that transferred control before the controlling family actually sold their shares. There is a precedent here on how to construct a deal that allows an owner to effectively sell his team without incurring the major tax consequences that would happen prior to his death. I don’t see any reason why that wouldn’t be the outcome. Beyond the obvious what’s in it for Ishbia, what does Jerry have to gain by controlling the team if he has an already agreed upon transaction pending his death? Does he really want to oversee a rebuild if it has no bearing on his proceeds?

I think things are mostly being kept on the hush until after the Feb 28th deadline. Jerry doesn’t want any of his plans revealed until the rest of the shareholders are addressed.

Ishbia is passing on the Twins to up his stake in the Sox based on conversations with Jerry. There is some sort of plan in place which will become much clearer once he buys out the minority shareholders next week.

That scenario doesn’t make any sense. Jerry doesn’t have that much leverage here. Ishbia could buy complete ownership of the Twins right now or could go through hoops, potentially wait for years, and then have to build Jerry a new stadium in order to get control of the Sox? It just doesn’t make any sense from a business perspective for Ishbia.

Yeah, just watch the bats today and Berroa.