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Ishbia increasing minority stake in Sox


Fielder Jones

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1 hour ago, Chicago White Sox said:

I think Justin alone makes us the 2nd wealthiest, but won’t hurt to have both.

Wealthiest individual, Rogers (Blue Jays) and Guggenheim (Dodgers) are worth more as companies/ownership groups.

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11 minutes ago, Quin said:

Wealthiest individual, Rogers (Blue Jays) and Guggenheim (Dodgers) are worth more as companies/ownership groups.

Then you have Liberty Media too with the Braves...Malone.

$22 billion valuation.

Edited by caulfield12
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15 hours ago, poppysox said:

I do not doubt that control is already worked out.  No way Jerry is in charge once the smoke clears.  JR needs to work out his capital gains issue...not hang on to do nothing.  

I'm gonna go out on a limb here and say a tax attorney who worked for the IRS will not have a capital gains issue.  

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17 hours ago, Fielder Jones said:

i spoke to someone placed highly in the offices at 35th & Shields. long ago Jon Rauch put him up there on a high shelf and ever since no one has ever been able to reach high enough to bring him back down.

The hope is that Dutch Schultz will soon arrive in Chicago and remedy the situation.

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1 hour ago, Harold's Leg Lift said:

I'm gonna go out on a limb here and say a tax attorney who worked for the IRS will not have a capital gains issue.  

I agree but that has been JR's stance as I understand it.

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29 minutes ago, southsider2k5 said:

OMG

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28 minutes ago, Kyyle23 said:

Greenberg was on the score talking about this yesterday if anyone wants to hear him talk about it 

They don't replace anyone on the board. Once they die, the count goes down. I think they have another 98 year old as well.

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5 minutes ago, Quin said:

The line about letting JR handle the CBA fight, then Ishbia comes in is intriguing.

It is intriguing...but does JR have nearly the sway/power he had in the 90s among the owners?  I am guessing not even close to it!  Does he even have the energy to take that battle on?  We all know he is a union-buster...but I just can't believe the ownership groups in MLB pay much attention to JR these days.  

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16 minutes ago, Dick Allen said:

 

They don't replace anyone on the board. Once they die, the count goes down. I think they have another 98 year old as well.

I'm sure the shares go to a beneficiary. The board seat doesn't though?

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5 minutes ago, BrittBurnsFan said:

It is intriguing...but does JR have nearly the sway/power he had in the 90s among the owners?  I am guessing not even close to it!  Does he even have the energy to take that battle on?  We all know he is a union-buster...but I just can't believe the ownership groups in MLB pay much attention to JR these days.  

He was pretty quiet during the last one as I recall.

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21 minutes ago, southsider2k5 said:

I am sure that is all outlined in the survivorship section of the agreement.

I thought by your comment of the count going down, you knew something about how it works.

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5 minutes ago, ptatc said:

I thought by your comment of the count going down, you knew something about how it works.

Any structure like that has a survivorship outline that details how those kinds of changes happen.  While they might not replace regular board seats, they have no choice but to replace the head.  I mean in theory they could have left it open, but I really don't see a scenario where they didn't account for the death (or whatever disqualifying events may be in the deal)of the chairman.

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On 2/24/2025 at 10:44 AM, Y2Jimmy0 said:

For sure. Two more high draft picks and a Robert trade return should help though. 

But 2027 is just 2 seasons away and there's not one core piece established yet. You're expecting an awful lot in 2 years just with what theyhave now, some top draft choices and a return from a Robert trade.

Maybe your definition of competitive is not aligned with others here. .500 would seem reasonable during the 2027 season if there is one, but you'd still need a lot of guys to get good fairly fast .

Edited by CaliSoxFanViaSWside
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35 minutes ago, BrittBurnsFan said:

It is intriguing...but does JR have nearly the sway/power he had in the 90s among the owners?  I am guessing not even close to it!  Does he even have the energy to take that battle on?  We all know he is a union-buster...but I just can't believe the ownership groups in MLB pay much attention to JR these days.  

After he voted not to settle the 1993-94 labor dispute and then signed Albert Belle to at the time the largest deal in MLB history (many think he did this to spite the other owners for settling) JR was removed from the committee that advises the commissioner on labor matters. he hasn't had as much influence since then. 

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5 hours ago, brijames1957 said:

Ishbia is not a wait around and wait kind of guy. He has always wanted to own a baseball team. He had every intent on purchasing the Twins but JR approached him with a deal to purchase the Sox and he changed course and took it. He lives and works in Chicago. I predict he will be the new White Sox owner much sooner than later.

That's been my impression too.

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53 minutes ago, BrittBurnsFan said:

It is intriguing...but does JR have nearly the sway/power he had in the 90s among the owners?  I am guessing not even close to it!  Does he even have the energy to take that battle on?  We all know he is a union-buster...but I just can't believe the ownership groups in MLB pay much attention to JR these days.  

The line in the article is that JR basically gets to play the bad guy.

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