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Ishbia increasing minority stake in Sox


Fielder Jones

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19 minutes ago, The Beast said:

How did you recognize him and what inning was he there?

I checked back and it was the 5th inning. MLB.tv won't let me screenshot, just shows a black screen, but if you have it and can watch it back he walks in at 1:18:49.

He's in a white shirt and has a child with him. I know what he looks like but didn't know he had such a big gut, lol. 

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6 minutes ago, soxfan18 said:

I checked back and it was the 5th inning. MLB.tv won't let me screenshot, just shows a black screen, but if you have it and can watch it back he walks in at 1:18:49.

He's in a white shirt and has a child with him. I know what he looks like but didn't know he had such a big gut, lol. 

The shirt had anti Trey messaging on it. 

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49 minutes ago, The Grinder said:

Wonder if JR gave him a $5 discount?

If the math is mathing, this dude is probably the biggest owner of the White Sox right now.  He sure has a bank account that is somewhere around 10X of Jerry for sure.

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11 hours ago, Fielder Jones said:

Jerry, now: I want to live [synth violins play]...I........want to live

[end scene]

I heard this in Mr Jeffrey Lebowskis voice 

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35 minutes ago, southsider2k5 said:

If the math is mathing, this dude is probably the biggest owner of the White Sox right now.  He sure has a bank account that is somewhere around 10X of Jerry for sure.

Here’s what Google says, but who knows how accurate this is…

As of June 2024, Forbes estimated Justin Ishbia's net worth at $5.4 billion.

As of May 2024, Jerry Reinsdorf’s net worth was estimated at $2.2 billion.

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3 hours ago, caulfield12 said:

It's honestly disgusting listening to billionaires lie and mislead.

This is like buying a house for 200k, spending 200k, selling it for 3 million and saying you lost 200k on renovations. 

He bought the team for 285 million and sold it for 3.5 billion. 

If he lost 133 million a year he'd have broken even and and we know he didn't lose 133 million a year.

Edited by Look at Ray Ray Run
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24 minutes ago, Look at Ray Ray Run said:

It's honestly disgusting listening to billionaires lie and mislead.

This is like buying a house for 200k, spending 200k, selling it for 3 million and saying you lost 200k on renovations. 

He bought the team for 285 million and sold it for 3.5 billion. 

If he lost 133 million a year he'd have broken even and and we know he didn't lose 133 million a year.

Agreed.  Seems very disingenuous.  So he’s saying he only turned an annual profit in 2 NBA seasons out of his 23 years of ownership but he made a boatload of money from selling the team compared to his original purchase price. 

Edited by WhiteSox2023
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On 4/2/2025 at 2:24 PM, Look at Ray Ray Run said:

It's honestly disgusting listening to billionaires lie and mislead.

This is like buying a house for 200k, spending 200k, selling it for 3 million and saying you lost 200k on renovations. 

He bought the team for 285 million and sold it for 3.5 billion. 

If he lost 133 million a year he'd have broken even and and we know he didn't lose 133 million a year.

You have to put things in perspective here. Cuban is telling you what his tax return said, not the reality of the situation.

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On 4/2/2025 at 3:24 PM, Look at Ray Ray Run said:

It's honestly disgusting listening to billionaires lie and mislead.

This is like buying a house for 200k, spending 200k, selling it for 3 million and saying you lost 200k on renovations. 

He bought the team for 285 million and sold it for 3.5 billion. 

If he lost 133 million a year he'd have broken even and and we know he didn't lose 133 million a year.

Sure, but outside of sports how many industries exist where you lose money annually,  but also keep appreciating every single year?  You might be able to front run losses for a while, but eventually you'd go under. 

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The billionaire’s club (and everyone else) had a miserable day yesterday. The richest 500 people had a combined loss of 208 billion with Mark Zuckerberg and Jeff Bezos among the hardest hit. Zuckerberg lost 9% ($17.9B) and Bezos also lost 9% (15.9B). Chairman Reinsdorf  and Ishbia very likely also took major hits yesterday also and it’s just beginning because today could wind up being worse than yesterday and god knows what’s going to happen next week. I’m not crying over billionaires losing (my 401k = ouch) but am just making a point that this market event and possible market events to come could have eventual ramifications towards any desired goal(s) Reinsdorf and Ishbia have contemplated for this Franchise’s future. 

 


 

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45 minutes ago, Lightly Folded said:

The billionaire’s club (and everyone else) had a miserable day yesterday. The richest 500 people had a combined loss of 208 billion with Mark Zuckerberg and Jeff Bezos among the hardest hit. Zuckerberg lost 9% ($17.9B) and Bezos also lost 9% (15.9B). Chairman Reinsdorf  and Ishbia very likely also took major hits yesterday also and it’s just beginning because today could wind up being worse than yesterday and god knows what’s going to happen next week. I’m not crying over billionaires losing (my 401k = ouch) but am just making a point that this market event and possible market events to come could have eventual ramifications towards any desired goal(s) Reinsdorf and Ishbia have contemplated for this Franchise’s future. 

 


 

If anything...it might make JR give up more quickly.

As for Ishbia, look at KKR.

Down 10% just today...probably 20-25% already.  It's a blood bath.

KKR's competitors and similar companies include Brookfield Asset Management, ONEX, Apollo Global Management, Blackstone, The Carlyle Group and Bain Capital (used to be Mitt Romney). KKR (Kohlberg Kravis Roberts) is an investment firm that offers alternative asset management, capital markets, and insurance solutions.

 

Just weeks and months ago...many of these PE firms were suggesting a new 50/30/20 rule of 50% stocks equities/stocks/aggressive growth mutual funds, 30% bonds, 20% PE funds, spac's/Bitcoin etc.

60% stocks and 40% bonds used to be the suggested mix...quite traditionally.

Those firms highlighted above are taking it on the chin right now.

 

Might want to ask Steve Cohen what he thinks...

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While I would welcome JR no longer running the White Sox, I am not looking forward to another billionaire taking the team over. I know MLB is a money-making business, I am not interested in an owner, who despite having billions, doesn't think that will be enough.  RIght now, the White Sox have one ongoing tradition: that is losing 100 games. A new owner may not change that.  MLB used to be for the working class. No more. They can keep their $1.7 billion stadium.

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6 minutes ago, Highland said:

While I would welcome JR no longer running the White Sox, I am not looking forward to another billionaire taking the team over. I know MLB is a money-making business, I am not interested in an owner, who despite having billions, doesn't think that will be enough.  RIght now, the White Sox have one ongoing tradition: that is losing 100 games. A new owner may not change that.  MLB used to be for the working class. No more. They can keep their $1.7 billion stadium.

Any new owner of the Sox will be a billionaire.  Please don’t be as clueless as Tray.  WTF is your beef?

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