39 minutes ago, Fielder Jones said:

 

 

Quote

It was during Ishbia’s pursuit of the Twins that the Reinsdorfs came to him and discussed increasing his share of the White Sox, according to a person briefed on the discussions who was not authorized to speak publicly.

...

White Sox limited partners were recently informed that an investor wanted to buy their shares at a franchise valuation around $1.8 billion, according to people briefed on the discussions who were not authorized to speak publicly. While they aren’t required to sell, their stakes would be diluted by this new investor. The deadline for their decision is next Friday.

The Athletic has confirmed the buyer is Ishbia, who had been a limited partner of the team for years.

 

Edited February 22, 20251 yr by Sleepy Harold
Added a line for context/clarity.

This seems like strong evidence that a full sale comes a bit down the line. Perhaps sooner than later even.

10 minutes ago, Buehrle>Wood said:

This seems like strong evidence that a full sale comes a bit down the line. Perhaps sooner than later even.

Would make sense for Ishbia if they are willing to sell to him. He wants a big city team, he's from Chicago and owns the Suns with his brother??

The part about the Reinsdorfs feels like the biggest news.

just a quick killjoy comment here but Kroenke was from Missouri but moved the Rams out. so him living here isnt necessarily a guarantee we stay.

but for Jerry to be potentially out, and selling to someone who spends big...... is enough for me to sleep happily tonight

6 minutes ago, Fielder Jones said:

just a quick killjoy comment here but Kroenke was from Missouri but moved the Rams out. so him living here isnt necessarily a guarantee we stay.

but for Jerry to be potentially out, and selling to someone who spends big...... is enough for me to sleep happily tonight

Both would be better

(kidding)

I actually squealed reading the news push tho.

article says the people who sold shares around 2021 were selling for half of what Ishbia wants to pay now. they must really feel screwed over. The team was good then; it's bad now, but shares are worth double.

Ishbia=motivated buyer.

David Kaplan did say last week that he wouldn't be surprised if by the end of this calendar year that JR had sold or was fully in the process of selling the team. My guess is that maybe they do have a deal in place which is why Ishbia stopped his pursuit of the Twins. It wouldn't make sense for him otherwise.

Reinsdorf found someone to pay for his new stadium. 

35 minutes ago, Sleepy Harold said:

 

 

Forbes had the White Sox valuation at $2.05B last year and now the shareholders are valuing the franchise at around $1.8B? Seems to me the valuation is declining. As I said a couple months ago, it wouldn’t surprise me if the franchise value is around $1.5B by the time Jerry sells out..

sell the team, jerry. it’s time. 

12 minutes ago, JUSTgottaBELIEVE said:

Forbes had the White Sox valuation at $2.05B last year and now the shareholders are valuing the franchise at around $1.8B? Seems to me the valuation is declining. As I said a couple months ago, it wouldn’t surprise me if the franchise value is around $1.5B by the time Jerry sells out..

I mean, it makes sense. Get more liquid now, get the stadium going, then sell probably back at 2.05 or near it. We would all rejoice. 

16 minutes ago, Fielder Jones said:

just a quick killjoy comment here but Kroenke was from Missouri but moved the Rams out. so him living here isnt necessarily a guarantee we stay.

but for Jerry to be potentially out, and selling to someone who spends big...... is enough for me to sleep happily tonight

The difference is Kroenke was from Missouri, but everything else for him was based out of Colorado and LA. Ishbia is from Michigan, but his company is based in Chicago and he is currently in the process of building a mega-mansion on the north shore.

As for the lower valuation, non-controlling sales are often at a discount.

39 minutes ago, Buehrle>Wood said:

This seems like strong evidence that a full sale comes a bit down the line. Perhaps sooner than later even.

Is this basically getting everything lined up for a seamless transition to a new family in a few years. 

22 minutes ago, nitetrain8601 said:

David Kaplan did say last week that he wouldn't be surprised if by the end of this calendar year that JR had sold or was fully in the process of selling the team. My guess is that maybe they do have a deal in place which is why Ishbia stopped his pursuit of the Twins. It wouldn't make sense for him otherwise.

I wondered if this was getting funding in place to help - and maybe there is an agreement along a longer term transition plan to become majority owner - but maybe in a more elongated process to minimize tax consequences for Reinsdorfs. 

21 minutes ago, JUSTgottaBELIEVE said:

Forbes had the White Sox valuation at $2.05B last year and now the shareholders are valuing the franchise at around $1.8B? Seems to me the valuation is declining. As I said a couple months ago, it wouldn’t surprise me if the franchise value is around $1.5B by the time Jerry sells out..

A good owner can flip this valuation and really increase value if they manage Sox right. I believe they are a sleeping Giant - super undervalued relative to potential given size of Chicago market and extensive history. 

10 minutes ago, Chisoxfn said:

I wondered if this was getting funding in place to help - and maybe there is an agreement along a longer term transition plan to become majority owner - but maybe in a more elongated process to minimize tax consequences for Reinsdorfs. 

Probably also to see what tax gifts Trump gives to billionaires.

13 minutes ago, Chisoxfn said:

A good owner can flip this valuation and really increase value if they manage Sox right. I believe they are a sleeping Giant - super undervalued relative to potential given size of Chicago market and extensive history. 

This would be a good time to buy, but I don’t know. The collapse of regional sports networks and non nfl sports decline is tough. But these aren’t businesses they are buying but hobbies.

17 minutes ago, Chisoxfn said:

A good owner can flip this valuation and really increase value if they manage Sox right. I believe they are a sleeping Giant - super undervalued relative to potential given size of Chicago market and extensive history. 

Well said. I’ve always felt the potential of this franchise has never been realized. They had the chance to do so at the beginning of the last rebuild but failed. New ownership would change everything.

Edited February 22, 20251 yr by ChiSoxFanMike

43 minutes ago, Fielder Jones said:

article says the people who sold shares around 2021 were selling for half of what Ishbia wants to pay now. they must really feel screwed over. The team was good then; it's bad now, but shares are worth double.

Ishbia=motivated buyer.

Melody Hobson/Lucas share close to 35-40%???

40 minutes ago, JUSTgottaBELIEVE said:

Forbes had the White Sox valuation at $2.05B last year and now the shareholders are valuing the franchise at around $1.8B? Seems to me the valuation is declining. As I said a couple months ago, it wouldn’t surprise me if the franchise value is around $1.5B by the time Jerry sells out..

I think it's a sign it's worth more than 2.05 billion, no? These non-power, non-voter shares hold value at 1.8 billion. Now if you sold the controlling shares, I would think that would have a lot more value.

Now the biggest question after a sale has to be the ongoing stadium issue....

45 minutes ago, JUSTgottaBELIEVE said:

Forbes had the White Sox valuation at $2.05B last year and now the shareholders are valuing the franchise at around $1.8B? Seems to me the valuation is declining. As I said a couple months ago, it wouldn’t surprise me if the franchise value is around $1.5B by the time Jerry sells out..

Minority, non-voting share typically price at a discount. 

8 minutes ago, Buehrle>Wood said:

I think it's a sign it's worth more than 2.05 billion, no? These non-power, non-voter shares hold value at 1.8 billion. Now if you sold the controlling shares, I would think that would have a lot more value.

Yes.  This is how it works.