tray

Dude, he doesn't have to sell during his lifetime.

Some (including myself) did not understand that Jerry has a minority stake, reportedly around 20%. Therefore, he could choose to keep his 20% stake after a sale and avoid capital gains. This needed to be clarified because some posters had felt that capital gains taxes were a reason that JR might be waiting to sell until he passes. That said, JR is Chairman of the Board and has certain powers in that role including evaluating potential offers on behalf of existing shareholders.

I was asking for a tax accountant or someone knowledgeable in this field to explain this but I guess you can't be stopped.

If Reinsdorf has only 25% of the shares then Capital gains is not an issue since he can keep that until he passes away. That is part of what I was asking in my prior post since some have raised CG as a reason JR is hanging on to his shares.. I am not confident that any new owner, including Ishbia, will blow a billion dollars on a new stadium in Chicago, especially without owning a good piece of land and having reasonable real estate taxes. That's probably why the Bears are likely headed to Arlington Heights.

Perhaps a tax accountant can explain the potential capital gains ramifications of a sale prior to death for JR. For example, if Jerry maintains up to 49.9% of shares (a non-controlling share of the corporation) after a sale, wouldn't that minimize the potential capital gains issue for him ? We know he doesn't own 100%. Like a few others, I am wondering why this deal isn't being done now. Then there is this. Ishbias have a combined wealth that is insane...somewhere North of 10 Million dollars. Justin purchased a minority share a few years ago. What is he waiting for since then...is it that he is waiting for the value of the franchise to continue to go down as the WSox continue to struggle in order to "buy low"? If Reinsdorfs came to him, as the above post indicates, what is stopping Ishbia and his billions from getting this done now ? Also, why all the secrecy? Ishbia wants to buy it and he has more than enough money. Finally, it seems like uncertainty injected by this saga is not helping the organization and is only confusing fans.

Maybe launch Ethan Katz.

Just like last season, our starting pitchers get hammered early. That tends to demoralize the team and make the game less competitive and watchable for fans. As Yogi said, "it's like deja vu all over again" . Sox can't hit either this year.

Not sure how the 78 subsurface conditions (not soil...lol) came up but yea, digging half way to hell would likely be required. Look, the 78 thing is dead and no, Ishbia is not stupid enough to sign a lease there like UIC did before they bucked out. In fact, a new owner might not even sign a lease with ISFA and instead choose to move the franchise. Time will tell.

OK, but let me hand out some rose colored glasses first.

You lost that round.

I don't care what the outcome is at this point, I really don't. But be careful what you wish for my friend.

I think Justin bid on the Twins while he was building Mara-lago-Chicago. I'd bet he loves Winnetka's North shore more than the South side of Chicago. But who knows what anyone's long term intentions are? Nevertheless, the old axiom that money talks may apply, especially to a billionaire corporate raider. I agree with Reinsdorf on one (and only one) thing - The White Sox are worth more out of town than they will ever be worth here. No amount of money can change the dynamic here with the Cubs as the dominant baseball franchise in town. Ishbia knows that which is one reason that he may seek greener pastures.

My concern is that Ishbia will be a short term owner, a private equity investor who improves the value of the franchise and then flips and maybe relocates the team. In some sense, that is what he does for a living.

I am wary of a private equity investor who lays in wait for years holding a minority stake rather than simply making a public overture to purchase the team outright, or alternatively, explain what his game is here. At some point perhaps Hobson/George Lucas decide to combine shares with Michael Reinsdorf and just box him out. That would be beating Ishbia at his own game.

Any announcing or is this just the live feed?

It's against the A's.

"Mellody" not Melody as in the old Melody Lane Ice cream restaurant.

Hopefully, this private equity billionaire's minority stake isn't what it kind of looks like- a minority stake by a private equity billionaire - a predicate for the all-too-familiar private equity investment strategy. I have seen that game by PE billionaires all too frequently over the past several years, and in many cases, it has been ugly. Hopefully that isn't what is going on here.

Atta boy GEORGE !

I think so. Thus far in ST, a few players have caught my attention...Lenyn Sosa, Teel, Drury and a few others (Colson before his back issues). As someone pointed out earlier today, the WSox need home runs desperately if they are going to win many games.

I did a web search in order to look at the Ishbia's Winnetka residence on Lake Michigan. I find it interesting to look at large estate properties and mansions like MJ had. It became clear that the Ishbias spared no effort or cost to get what they wanted and end up where they wanted to be. The take away for me as a Sox fan is that they could live anywhere but chose the Chicago area to put roots down. Same goes for Mellody Hobson who owns several properties in Chicago.

I stand by my posts and always try to be respectful, except when attacked. Fvk you.

The 78 was a con job finally realized by several prospective tenants who lost a lot of money investing in it. Happily it is now dead in the water.

"If they stay in their current location and the building starts falling apart around our heads, not so great. " Comiskey arguably needed to be replaced. The current park probably doesn't, at least for a few decades. You perceive that I am emotional about having a stadium concept rammed down our throats. Reason for that is that it happened to Sox fans before. We wanted to be part of the process back when the idea of replacing Comiskey was being considered. As an example, an architect designed "Armor Park" as an alternative but his plan was cast aside as were other ideas from fans. This time I would like to see a more deliberate process where alternative plans and fans' opinions are considered rather than ridiculed.

The only other plan that has been floated is the one by Related development so I assume that is the plan you see. I never said that any new stadium anywhere else would not make sense, just that 78 plan was a folly. I posted specific facts about that site concerning its history (as a former river bed and land fill) and the ingress/egress issues. You never responded to any of that, but instead continue to troll me with your nonsense. To refresh your recollection: ---------------------- I saw one rendering of that site with the Sox stadium and another with the UIC building, then prior to the Stadium concept, others made for potential investors that had office buildings with a crescent shaped park where the original river was. The design of the stadium is subjective, so you might like that and you might also like what was done with the last remodel of Soldier Field. I don't. Some prefer certain kinds of stadium architecture from the ultra modern like SoFi stadium to some of the retro parks. I thought the rendering was not taken too seriously which might explain the architecture and failure to take historical Comiskey architectural as a predicate ( I don't count the whirly birds in CF as anything but a feeble and trite nod to old Comiskey). The lighted 50 foot (or so) "Sox " logo is a cringe-worthy joke, one that would make the architects who cherished and refurbished the classic sign over the front entrance of Wrigley laugh. I personally don't see the draw of a glass box stadium with a giant lighted Sox logo on it. Fans in Boston, Baltimore, SF Pittsburgh etc would laugh at this thing. Those that have been to those places know what I mean. They are special, this thing isn't. I am not an architect but you asked why I think it was ridiculous, and so I try to explain why. No reason to rush into a new stadium without getting a lot of fan input. That was a mistake made the last time. They didn't ask us. Respect the original architecture from the same architect who designed Wrigley. Incorporate a lot of brick like the old park and Wrigley. Chicagoans love brick, not glass, metal and stucco (like the Rate). And then there is the 78 site which has all kinds of development issues including ingress/egress/parking. I would encourage fans who have not stepped foot down there to do that. If you can't, perhaps try a virtual trip via Google maps. As you will see, to the North, Roosevelt Rd., elevated over the site because of the bridge going over the river. To the East Clark street which has a tunnel down to grade and up to the intersection with Roosevelt Rd (and train tracks just west of that). To the South, Ping Tom park which apparently was not designed to take ingress / egress to the subject land under consideration. And of course, to the West, a murky river, Lumber street, and a RR bone yard. It is what it is. https://maps.app.goo.gl/kJ4rLnVM5coXcWTm7 Ask yourself, why hasn't that site been developed for 100 years? Why did U of I buck out after all that money was invested into it? If I was the WSox ownership, I would not want that parcel for free, even if real estate taxes were paid and Related actually had the Deed to the UIC parcel.------- The taxpayers own the current site and the stadium under authority vested in the ISFA. That, and the fact that the WSox have been there almost since the founding of the team make the notion of abandoning that site to move 16 blocks away to a compromised site, require a bit more justification. As far as I see it right now, moving the Sox elsewhere, including outside Chicago, is forseeable, but not on the 78. That thing is dead in the water. Ask UIC.