caulfield12 Posted June 18, 2023 Share Posted June 18, 2023 On 6/17/2023 at 5:51 AM, Look at Ray Ray Run said: There's really nothing Hahn is good at anymore. He used to be a good contract guy but that time passed long ago. Giolito Kopech Cease... no sale or at least no offer. Vaughn and Madrigal not worth investing in long term. Burger. ??? Robert worth it. Anderson worth it overall... fading. Moncada and Jimenez... not so much. Bummer...no. Quote Link to comment Share on other sites More sharing options...
WBWSF Posted June 18, 2023 Share Posted June 18, 2023 8 hours ago, Lip Man 1 said: The stadium issue is a legit question. I asked this once of a high ranking member of the front office just this past winter and was told that subject (i.e. new stadium) has never come up in any meeting they attended. The lease expires in 2027. If JR still owns the team some people I've talked too seem to think the lease will be extended for a few more years. Quote Link to comment Share on other sites More sharing options...
Texsox Posted June 19, 2023 Author Share Posted June 19, 2023 23 hours ago, WBWSF said: The lease expires in 2027. If JR still owns the team some people I've talked too seem to think the lease will be extended for a few more years. Partner with the Bears, go to Arlington, win the suburban casual fan dollar. Quote Link to comment Share on other sites More sharing options...
WBWSF Posted June 19, 2023 Share Posted June 19, 2023 22 minutes ago, Texsox said: Partner with the Bears, go to Arlington, win the suburban casual fan dollar. Article in todays Sun Times seems to indicate the Bears might stay at Soldier Field. They seem to think it would be much cheaper for the Bears to stay in Soldier Field than it would in Arlington Heights. If thats true I will think the Bears would stay in Chicago. Quote Link to comment Share on other sites More sharing options...
shago Posted June 19, 2023 Share Posted June 19, 2023 On 6/17/2023 at 7:00 PM, nrockway said: Once the ballpark is too old, does anyone see the White Sox staying in Chicago regardless of who owns the team? Nobody will want to pay for a stadium for a sport that no one cares about for a team that Chicago baseball fans care even less about. Do you envision the city kicking in any money? What are you talking about? This is Chicago, in the state of Illinois the two most corrupt institutions on the planet, what do they care about giving away another $1B, they spend that on lunch. Jerry isn't selling people, for tax reasons (recall he's a tax attorney), he needs to gift it to his kids. Send him pretzels in the meantime. 1 Quote Link to comment Share on other sites More sharing options...
Texsox Posted June 19, 2023 Author Share Posted June 19, 2023 Who here would want to take a billion dollar profit if they had to pay $200 mil in taxes? That's crazy. It's only a $800 million net. Plus having your net worth tied up in the team keeps you from using it. Quote Link to comment Share on other sites More sharing options...
Balta1701 Posted June 19, 2023 Share Posted June 19, 2023 13 minutes ago, Texsox said: Who here would want to take a billion dollar profit if they had to pay $200 mil in taxes? That's crazy. It's only a $800 million net. Plus having your net worth tied up in the team keeps you from using it. I would happily pay 3x that tax rate. 1 Quote Link to comment Share on other sites More sharing options...
Texsox Posted June 20, 2023 Author Share Posted June 20, 2023 1 hour ago, Balta1701 said: I would happily pay 3x that tax rate. Me too. Plus I can spend the proceeds easier than equity. Quote Link to comment Share on other sites More sharing options...
shago Posted June 20, 2023 Share Posted June 20, 2023 (edited) 1 hour ago, Texsox said: Who here would want to take a billion dollar profit if they had to pay $200 mil in taxes? That's crazy. It's only a $800 million net. Plus having your net worth tied up in the team keeps you from using it. He's 90, only so much Viagra and applesauce you can buy. Edited June 20, 2023 by shago 1 1 Quote Link to comment Share on other sites More sharing options...
Texsox Posted June 20, 2023 Author Share Posted June 20, 2023 18 minutes ago, shago said: He's 90, only so much Viagra and applesauce you can buy. Charities to support, wealth to pass down. Quote Link to comment Share on other sites More sharing options...
GreatScott82 Posted June 20, 2023 Share Posted June 20, 2023 (edited) On 6/18/2023 at 7:03 AM, WBWSF said: The lease expires in 2027. If JR still owns the team some people I've talked too seem to think the lease will be extended for a few more years. The stadium lease actually expires officially in 2029 or the White Sox can extend it thru the 2030 season. After that, the state of the team and potential new stadium site would be unknown. At that point Jerry will be 94 years old. I’m assuming by 2027 or 2028, Jerry will likely pass the majority ownership to his son Michael. Another possibility is a new ownership group will purchase the club and pay for any tax hit penalty as a clause in such sale. Jerry will do everything in his power to minimize any tax penalties for his heirs. So having a new ownership group dish out an additional 200 million will likely be required. Long story short, the triumphant of insanity known as Jerry, Kenny and Rick will still run this dumpster fire until 2027. If a new majority owner comes on the scene by the 2027 or 2028 season, it gives them 3 full years to plan out and build a brand new stadium. We can hope it pray it’s in the Chicagoland area. If not, a potential move to a new city like Nashville might be threatened into existence. Edited June 20, 2023 by GreatScott82 Quote Link to comment Share on other sites More sharing options...
Lip Man 1 Posted June 20, 2023 Share Posted June 20, 2023 22 minutes ago, GreatScott82 said: The stadium lease actually expires officially in 2029 or the White Sox can extend it thru the 2030 season. After that, the state of the team and potential new stadium site would be unknown. At that point Jerry will be 94 years old. I’m assuming by 2027 or 2028, Jerry will likely pass the majority ownership to his son Michael. Another possibility is a new ownership group will purchase the club and pay for any tax hit penalty as a clause in such sale. Jerry will do everything in his power to minimize any tax penalties for his heirs. So having a new ownership group dish out an additional 200 million will likely be required. Long story short, the triumphant of insanity known as Jerry, Kenny and Rick will still run this dumpster fire until 2027. If a new majority owner comes on the scene by the 2027 or 2028 season, it gives them 3 full years to plan out and build a brand new stadium. We can hope it pray it’s in the Chicagoland area. If not, a potential move to a new city like Nashville might be threatened into existence. Circumstances can change of course but I can't see any reasonable way JR passes ownership to Michael while he is alive. Not happening. Quote Link to comment Share on other sites More sharing options...
WBWSF Posted June 20, 2023 Share Posted June 20, 2023 39 minutes ago, GreatScott82 said: The stadium lease actually expires officially in 2029 or the White Sox can extend it thru the 2030 season. After that, the state of the team and potential new stadium site would be unknown. At that point Jerry will be 94 years old. I’m assuming by 2027 or 2028, Jerry will likely pass the majority ownership to his son Michael. Another possibility is a new ownership group will purchase the club and pay for any tax hit penalty as a clause in such sale. Jerry will do everything in his power to minimize any tax penalties for his heirs. So having a new ownership group dish out an additional 200 million will likely be required. Long story short, the triumphant of insanity known as Jerry, Kenny and Rick will still run this dumpster fire until 2027. If a new majority owner comes on the scene by the 2027 or 2028 season, it gives them 3 full years to plan out and build a brand new stadium. We can hope it pray it’s in the Chicagoland area. If not, a potential move to a new city like Nashville might be threatened into existence. I read recently that some billionaire from Nashville wants to buy the Tampa Bay Rays. I'm sure if he buys the team he won't keep the team in St. Pete. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.