55 minutes ago, bmags said:

Do we think we’ll get a follow up from Greenberg on what happened Friday? That was the deadline right?

I think it will leak out as soon as MLB approves the sale.  Right now everyone is under a NDA and once it’s official there will be too many stakeholders (Ishbia, Reinsdorf’s, minority owners who sold, MLB employeee, bankers, etc.) for the news not come out quickly.  Just not sure how long that approval process is.

Would kill for an enterprising young poster to fake that they have an inside source at mlb and feed us bullshit and tide us over.

50 minutes ago, Chicago White Sox said:

I think it will leak out as soon as MLB approves the sale.  Right now everyone is under a NDA and once it’s official there will be too many stakeholders (Ishbia, Reinsdorf’s, minority owners who sold, MLB employeee, bankers, etc.) for the news not come out quickly.  Just not sure how long that approval process is.

Does MLB approve non-Control changing sales?

JR "For $500,000,000 in ownership you get all the financial upsides of owning a MLB team without the hassles of running it. It's the best possible deal. And no one will be buying billboards demanding that you sell." 

8 minutes ago, southsider2k5 said:

Does MLB approve non-Control changing sales?

Yes, this was mentioned in the original Athletic article I believe

5 hours ago, tray said:

Hopefully, this private equity billionaire's minority stake isn't what it kind of looks like-  a minority stake by a private equity billionaire - a predicate for the all-too-familiar private equity investment strategy. I have seen that game by PE billionaires all too frequently over the past several years, and in many cases, it has been ugly.  Hopefully that isn't what is going on here.

I get the concerns about what PE firms do to some companies, but I have serious doubts that, if Ishbia were to buy the Sox, it would be comparable to a PE firm buying (for example) Red Lobster.

Edited March 2, 20251 yr by 77 Hitmen

6 hours ago, caulfield12 said:

It's ugly at Chelsea FC for the same Dodgers'  group.

Boehly is only 1 investor in Guggenheim/Dodgers, he doesn't control anything like he does with Chelsea.  

5 hours ago, Chicago White Sox said:

I think it will leak out as soon as MLB approves the sale.  Right now everyone is under a NDA and once it’s official there will be too many stakeholders (Ishbia, Reinsdorf’s, minority owners who sold, MLB employeee, bankers, etc.) for the news not come out quickly.  Just not sure how long that approval process is.

I don’t think you will hear anything. No one knew Ishbia was an investor with the White Sox until this came out.

6 minutes ago, Dick Allen said:

I don’t think you will hear anything. No one knew Ishbia was an investor with the White Sox until this came out.

The Sox don’t want the world to know, so unless someone leaks, we probably won't know.

53 minutes ago, Dick Allen said:

I don’t think you will hear anything. No one knew Ishbia was an investor with the White Sox until this came out.

We knew he was an investor when he expressed interest in buying the Twins.

And we’re talking about very different things.  My guess is his previous shares were low single digits…we’re talking about potentially +50% now.  It will 100% come at some point once the purchase is approved the league.  Something of this magnitude will be impossible to control once NDA’s are no longer intact.

53 minutes ago, southsider2k5 said:

The Sox don’t want the world to know, so unless someone leaks, we probably won't know.

Someone is going to leak.  There are simply too many parties involved.

23 minutes ago, Chicago White Sox said:

We knew he was an investor when he expressed interest in buying the Twins.

And we’re talking about very different things.  My guess is his previous shares were low single digits…we’re talking about potentially +50% now.  It will 100% come at some point once the purchase is approved the league.  Something of this magnitude will be impossible to control once NDA’s are no longer intact.

So it was kept quiet for years initially. 

11 minutes ago, southsider2k5 said:

So it was kept quiet for years initially. 

Sure, but that doesn’t change my point.

32 minutes ago, Chicago White Sox said:

Someone is going to leak.  There are simply too many parties involved.

Considering the age of the Board, there’s a lot of leaking going on

8 minutes ago, Chicago White Sox said:

Sure, but that doesn’t change my point.

It's now been 2 days and no one is talking. 

33 minutes ago, Chicago White Sox said:

We knew he was an investor when he expressed interest in buying the Twins.

And we’re talking about very different things.  My guess is his previous shares were low single digits…we’re talking about potentially +50% now.  It will 100% come at some point once the purchase is approved the league.  Something of this magnitude will be impossible to control once NDA’s are no longer intact.

I don’t agree. We have never known the breakdown. In fact, in the Tribune story about 10 years ago, the investors didn’t know who owned what. They speculated and JR said they were wrong. How wrong, only he knows, and he won’t say anything. Since Ishbia already had shares, he probably doesn’t need more approval. Even Greenberg said he has no idea how many investors there are. It could be 30 it could be much less. I’m sure JR isn’t happy the story got out that Ishbia did this after speaking with him. 

30 minutes ago, Dick Allen said:

I don’t agree. We have never known the breakdown. In fact, in the Tribune story about 10 years ago, the investors didn’t know who owned what. They speculated and JR said they were wrong. How wrong, only he knows, and he won’t say anything. Since Ishbia already had shares, he probably doesn’t need more approval. Even Greenberg said he has no idea how many investors there are. It could be 30 it could be much less. I’m sure JR isn’t happy the story got out that Ishbia did this after speaking with him. 

From the original story:

Quote

The deal, which is being brokered by Chicago-area investment advisors BDT & MSD Partners, still needs league approval, according to a source briefed on discussions.

What part of my post do you not agree with? 

35 minutes ago, southsider2k5 said:

It's now been 2 days and no one is talking. 

Again, everyone is under an NDA until the purchase is approved by MLB.  That clearly hasn’t happened yet.

If you're an investor holding out for an even higher evaluation....

I would think twice because they're going to have to go to those same investors somewhere down the line in a "capital call" to raise $500 million to $1 billion divided by a percentage for each share for building a new stadium at some point in the next 5-10 years.

Would be much more advantageous for most of those smaller shareholders to sell out now.

Common thinking was that the Ishbia share was in the 5-10% range before last week.

 

 

9 minutes ago, caulfield12 said:

If you're an investor holding out for an even higher evaluation....

I would think twice because they're going to have to go to those same investors somewhere down the line in a "capital call" to raise $500 million to $1 billion divided by a percentage for each share for building a new stadium at some point in the next 5-10 years.

Would be much more advantageous for most of those smaller shareholders to sell out now.

Common thinking was that the Ishbia share was in the 5-10% range before last week.

 

 

Where did you see this common thinking?

37 minutes ago, Chicago White Sox said:

From the original story:

What part of my post do you not agree with? 

That the shares that he bought will be made public. They never have before. One thing that could at least show something significant has developed, is if they put Ishbia on the board. No one has been added to the board since it was created. Only deleted by death. But I suspect he won’t be put on the board. I also think how ever many shares he was able to buy now, he will be the managing owner of the White Sox one day, hopefully soon.

Edited March 3, 20251 yr by Dick Allen

25 minutes ago, Chicago White Sox said:

Where did you see this common thinking?

All the Dan Hayes and Aaron Gleeman reporting when the Ishbias were both connected to the Twins...they said all reporting out there is that the 2021 share purchase was in the single digits.

We know (now) the Reinsdorf sons were buying then as well...and maybe Melody Hobson.  That was 30% supposedly.

Reinsdorf theoretically around 17.5-25% right now.

Edited March 3, 20251 yr by caulfield12

8 minutes ago, Dick Allen said:

That the shares that he bought will be made public.

We will know from mlb if they're approved at least...or certainly NOT approved.

Which wouldn't happen after JR brought him in and specifically recruited him off the Twins' purchase from the Pohlads at $1.5 billion.

10 minutes ago, caulfield12 said:

We will know from mlb if they're approved at least...or certainly NOT approved.

Which wouldn't happen after JR brought him in and specifically recruited him off the Twins' purchase from the Pohlads at $1.5 billion.

I doubt it. We didn’t know he bought them before. We have no idea how much Reinsdorfs sons bought. We don’t know how much Melody Hobson has or even if she still has them. Considering he already owns shares, if he needs more approval, I’m sure it’s a formality.

35 minutes ago, caulfield12 said:

All the Dan Hayes and Aaron Gleeman reporting when the Ishbias were both connected to the Twins...they said all reporting out there is that the 2021 share purchase was in the single digits.

We know (now) the Reinsdorf sons were buying then as well...and maybe Melody Hobson.  That was 30% supposedly.

Reinsdorf theoretically around 17.5-25% right now.

"Mellody" not Melody as in the old Melody Lane Ice cream restaurant.