14 minutes ago, Chicago White Sox said:

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.

If Reinsdorf family shares are up to 20-25%....that's roughly $450-500 million (depending on how controlling shares are valued), and a touch under $100 million in taxes.

51 minutes ago, Chicago White Sox said:

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.

I wouldn’t want to own more of a team without having actual control. 

9 minutes ago, PaleAleSox said:

I wouldn’t want to own more of a team without having actual control. 

Melody Hobson 30-40% ownership in same limited position...merely a financial investment, seemingly.

26 minutes ago, caulfield12 said:

Melody Hobson 30-40% ownership in same limited position...merely a financial investment, seemingly.

You think Hobson has 30% to 40% ownership?

5 minutes ago, Chicago White Sox said:

You think Hobson has 30% to 40% ownership?

Pretty sure that’s caufield’s guess.  I don’t think it’s ever been made public.

20 minutes ago, Chicago White Sox said:

You think Hobson has 30% to 40% ownership?

That was the rumor...she has never commented.

26 minutes ago, Chicago White Sox said:

You think Hobson has 30% to 40% ownership?

Hasn't it been rumored she technically owns the majority out of everyone?

15 minutes ago, CWSpalehoseCWS said:

Hasn't it been rumored she technically owns the majority out of everyone?

Yep.

19 minutes ago, CWSpalehoseCWS said:

Hasn't it been rumored she technically owns the majority out of everyone?

So is everyone outside of JR, including her, supposed to be selling? 

10 minutes ago, PaleAleSox said:

So is everyone outside of JR, including her, supposed to be selling? 

Well, they don't have to sell, but as I am understanding it, I believe their shares will be diluted if they keep them.

6 hours ago, ChiSox59 said:

JR is 89. The man isn't living to 104. 

This reminds me of how like 8 different Presidential administrations in a row kept saying Castro can't survive forever and he just outlasted administration after administration. 

 

3 hours ago, PaleAleSox said:

I wouldn’t want to own more of a team without having actual control. 

Do you feel that way about all stocks or just baseball teams? I don't look at it much different than buying shares in any other company. 

38 minutes ago, SoCalChiSox said:

This reminds me of how like 8 different Presidential administrations in a row kept saying Castro can't survive forever and he just outlasted administration after administration. 

 

I can't think of Castro without thinking of Ozzie. 

2 hours ago, CWSpalehoseCWS said:

Hasn't it been rumored she technically owns the majority out of everyone?

Majority or plurality?

February 22nd. A day that will live in infamy for sox fans everywhere. Congratulations gents. It's just a matter of time now.

2 hours ago, CWSpalehoseCWS said:

Well, they don't have to sell, but as I am understanding it, I believe their shares will be diluted if they keep them.

Why would they be diluted?  Unless they're buying in with a cash infusion.  I know Jerry is Czar, but there would be lengthy litigation if he tried to bring in an outside buy-in and kneecap the current investors.

 

8 minutes ago, JoeC said:

Majority or plurality?

Majority. Jerry holds the final say despite not having the most shares.

4 hours ago, Chicago White Sox said:

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.

5 minutes ago, champagne030 said:

Why would they be diluted?  Unless they're buying in with a cash infusion.  I know Jerry is Czar, but there would be lengthy litigation if he tried to bring in an outside buy-in and kneecap the current investors.

 

Because the shares don't magically appear out of nowhere. They have to create them by splitting the current shares to create whatever amount is being bought.

8 minutes ago, champagne030 said:

Why would they be diluted?  Unless they're buying in with a cash infusion.  I know Jerry is Czar, but there would be lengthy litigation if he tried to bring in an outside buy-in and kneecap the current investors.

 

The athletic article said it - quote is on the first page. 

And what you're saying really depends on the structure. Limited partners don't really have any power in this case. So Jerry could certainly diluted shares without diluting value - especially given that he's coming in at 1.8 billion. 

22 minutes ago, Texsox said:

Do you feel that way about all stocks or just baseball teams? I don't look at it much different than buying shares in any other company. 

I mean...no,  but I'm not putting 1.8 billion dollars into anything.

11 minutes ago, PaleAleSox said:

I mean...no,  but I'm not putting 1.8 billion dollars into anything.

I'm not either. 

When this glorious day happens we need to have a board meetup.

 

6 minutes ago, bmags said:

When this glorious day happens we need to have a board meetup.

 

I second that