14 minutes ago, supernuke said:

So there is no mechanism under which the ownership group could select/elect a new chairman? What if JR became mentally unfit to run the team. Has it always been this way? In the past would it have been impossible for JR to cede control to one of the other owners without selling his shares? Sorry for all the questions I am just trying to understand this situation. It just seems so odd to me that an ownership group can not transfer or share decision making duties amongst the group.

I mean it's not an absolute. But basically the ownership deal is a tax scam in all but name. Jerry has sold the team, and taken money up front for it, but doesn't want to ACTUALLY sell it because then the capital gains taxes kick in. They are pretending Jerry still owns and operates so as to keep the facade up. If Ishbia starts speaking for the franchise, that falls apart and the IRS will come calling. The historic ownership structure was that Jerry held all of the power. That changes, red flags go up.

21 minutes ago, supernuke said:

So there is no mechanism under which the ownership group could select/elect a new chairman? What if JR became mentally unfit to run the team. Has it always been this way? In the past would it have been impossible for JR to cede control to one of the other owners without selling his shares? Sorry for all the questions I am just trying to understand this situation. It just seems so odd to me that an ownership group can not transfer or share decision making duties amongst the group.

JR controls the Board.

You'd have to execute a hostile takeover or have him declared mentally incompetent/incapacitated.

Remember his sons were buying out minority shareholders at the same time the Ishbias were buying, too.

Edited 7 hours ago7 hr by caulfield12

37 minutes ago, supernuke said:

So there is no mechanism under which the ownership group could select/elect a new chairman? What if JR became mentally unfit to run the team. Has it always been this way? In the past would it have been impossible for JR to cede control to one of the other owners without selling his shares? Sorry for all the questions I am just trying to understand this situation. It just seems so odd to me that an ownership group can not transfer or share decision making duties amongst the group.

Under his contract JR has the sole power to run the day to day operations of the club, period. The minority owner(s) have very little to zero say in things including the sale of the club.

The only way JR could be removed is if he does something illegal or puts the team in a perilous financial situation.

Since the minority owners haven't taken that last step, given the Sox reported financial difficulties, I can only conclude they are still satisfied with his leadership and you can perhaps assume the reports of their financies aren't as bad as first thought. Accountants have a way of manipulating things.

21 minutes ago, southsider2k5 said:

I mean it's not an absolute. But basically the ownership deal is a tax scam in all but name. Jerry has sold the team, and taken money up front for it, but doesn't want to ACTUALLY sell it because then the capital gains taxes kick in. They are pretending Jerry still owns and operates so as to keep the facade up. If Ishbia starts speaking for the franchise, that falls apart and the IRS will come calling. The historic ownership structure was that Jerry held all of the power. That changes, red flags go up.

Ok, I thought it was that Ishbia just bought out JR's partners.

2 minutes ago, supernuke said:

Ok, I thought it was that Ishbia just bought out JR's partners.

JR's partners had the option to sell to Ishbia. I don't think anyone knows for sure how many took that offer up and did so.

2 minutes ago, Lip Man 1 said:

Under his contract JR has the sole power to run the day to day operations of the club, period. The minority owner(s) have very little to zero say in things including the sale of the club.

The only way JR could be removed is if he does something illegal or puts the team in a perilous financial situation.

Since the minority owners haven't taken that last step, given the Sox reported financial difficulties, I can only conclude they are still satisfied with his leadership and you can perhaps assume the reports of their financies aren't as bad as first thought. Accountants have a way of manipulating things.

I understand that JR can't be force out. I was just trying to understand why he couldn't give up the power to run the day to day operations while still being a part owner an thus still avoiding the tax implications of selling his shares.

6 minutes ago, supernuke said:

I understand that JR can't be force out. I was just trying to understand why he couldn't give up the power to run the day to day operations while still being a part owner an thus still avoiding the tax implications of selling his shares.

I can't comment on the tax implications but I strongly suspect the reason he refuses to turn over control is because he is still making money (which eventually will go to his heirs) and perhaps more importantly because his ego and arrogance simply will not allow it.

1 hour ago, supernuke said:

But if Ishbia already owns part of the team why couldn't he be allowed to become the decision maker even without a sale. Isn't JR just the Chairman of the ownership group? Could he not resign as chairman while still being a part owner of the team?

1 hour ago, supernuke said:

But if Ishbia already owns part of the team why couldn't he be allowed to become the decision maker even without a sale. Isn't JR just the Chairman of the ownership group? Could he not resign as chairman while still being a part owner of the team?

I'm hoping that this happens. I think this same situation occured with the Orioles ownership a few years ago.

11 minutes ago, WBWSF said:

I'm hoping that this happens. I think this same situation occured with the Orioles ownership a few years ago.

@WBWSF, I don’t think you have any shot with Jerry anymore because he doesn’t want to pay guys like Benintendi and Getz to work elsewhere and pay an all new GM. But I hope you have been sending your updated resume to Ishbia in the meantime.

Edited 6 hours ago6 hr by WhiteSox2023

6 hours ago, joejoesox said:

Dominguez was a straight up lighting of dollars on fire, well done Chris Getz.

He isn't a closer, but of course we signed him to be one.

He had one pretty good year but in 2024 he had a 4.4 ERA, 2023 a 3.78 ERA. Good seasons in 2018 and 2022

Edited 6 hours ago6 hr by BigHurt3515

Here are the 2026 opening day team payrolls from The Associated Press. Look at how other teams that have spent right around as much as the Sox are doing record-wise. Meanwhile, Getz is on his way to his fourth straight 100+ loss season in an assistant GM and GM capacity and his third straight 100+ loss season as the full GM. The guy is a failure.

Edited 6 hours ago6 hr by WhiteSox2023

Unqualified man gets leadership position and fails….

27 minutes ago, WhiteSox2023 said:

Here are the 2026 opening day team payrolls from The Associated Press. Look at how other teams that have spent right around as much as the Sox are doing record-wise. Meanwhile, Getz is on his way to his fourth straight 100+ loss season in an assistant GM and GM capacity and his third straight 100+ loss season as the full GM. The guy is a failure.

And that number is only because they begged Jerry to sign Mune.

5 hours ago, southsider2k5 said:

I am sure he has a say behind the scenes. I can't imagine putting up $2 billion, and not having a say. He just can't be in front of the process until either Jerry dies, or the option to buy is able to be exercised.

Until I see even the slightest hint of any meaningful change in the way this organization operates and until they start holding people in the organization accountable for incompetency, I remain unconvinced that Ishbia has much of a say in how this team operates with the exception of getting a new stadium built.

I mean, I share in the bewilderment that he's content in letting his ~$2B investment continue to rot, but I haven't seen anything to suggest that JR is taking any direction from him.