WhiteSox2023 Posted April 6 Share Posted April 6 15 minutes ago, Lip Man 1 said: I've been saying that for years and have written about it because of the tax hit if he sells while alive. So again I say to all Sox fans, take care of yourself and hope to still be around when new ownership finally does come into play. He's not selling gang, period. Full stop. More years of Getz half-assing a rebuild and picking the wrong players. Exciting… Link to comment Share on other sites More sharing options...
soxfan18 Posted April 6 Share Posted April 6 20 minutes ago, Lip Man 1 said: I've been saying that for years and have written about it because of the tax hit if he sells while alive. So again I say to all Sox fans, take care of yourself and hope to still be around when new ownership finally does come into play. He's not selling gang, period. Full stop. He can still give up control without selling his stake to lessen the tax burden. The same thing happened when the Orioles were sold. 1 Link to comment Share on other sites More sharing options...
southsider2k5 Posted April 6 Share Posted April 6 10 minutes ago, soxfan18 said: He can still give up control without selling his stake to lessen the tax burden. The same thing happened when the Orioles were sold. It isn't that complex either and still get to come with Jerry saying he isn't selling. 1 Link to comment Share on other sites More sharing options...
Tnetennba Posted April 6 Share Posted April 6 Bob Nightengale writing about the White Sox, the truth of which is always a question. Link to comment Share on other sites More sharing options...
PaleAleSox Posted April 6 Share Posted April 6 21 minutes ago, soxfan18 said: He can still give up control without selling his stake to lessen the tax burden. The same thing happened when the Orioles were sold. That’s what is so maddening about. Keep whatever shares you want. Just give up control. You can still be rich as f*** without holding us all hostage. Link to comment Share on other sites More sharing options...
77 Hitmen Posted April 6 Share Posted April 6 2 hours ago, ChiSoxFanMike said: I don’t think this is really a new development, but I still don’t understand what’s in it for Ishbia to wait for an indefinite period of time for the Sox when he could have just bought the Twins right now. Agreed. This isn't shocking news to me - it's what JR has been saying all along. I never expected him to sell the team this year.....and even if he was, I never expected him to even hint that he was. To the latter part of your sentence, the only logical answer to me is that Ishbia must have secured a right of first refusal agreement from Reinsdorf when he dropped his Twins bid. Jerry is 89 and Isbhia is 47. He could very well have decided it's worth waiting a few years for the opportunity to own a MLB team in his hometown and in the 3rd largest market. But what if Jerry lives to be 102 like Virginia McCaskey! What if, what if.....not very likely even if Jerry is in relatively good health now. And note that he said he's not interested in selling as long as he's in good health, not until he's dead. Sadly, a lot of people experience a sharp (and often sudden) decline in health when they reach the 9 decade mark of life. 1 Link to comment Share on other sites More sharing options...
pcq Posted April 6 Share Posted April 6 2 hours ago, Bob Sacamano said: Better market in Chicago. Guy is still relatively young to where he could wait a few years. One of these days JR will move on and everything will be different. A team not in transition waiting for transition. Meanwhile the product on the field will continue to suffer. 1 Link to comment Share on other sites More sharing options...
DFAthewave69420 Posted April 6 Share Posted April 6 When Jerry Reinsdorf dies, the world will be a better place 1 Link to comment Share on other sites More sharing options...
Lip Man 1 Posted April 6 Share Posted April 6 (edited) 4 hours ago, soxfan18 said: He can still give up control without selling his stake to lessen the tax burden. The same thing happened when the Orioles were sold. But again HE DOES NOT WANT TO GIVE UP CONTROL. It's all part of the same issue with selling, he wants what he wants and that's the way it is. It's all about ego and having the final say. Edited April 6 by Lip Man 1 Link to comment Share on other sites More sharing options...
poppysox Posted April 6 Share Posted April 6 59 minutes ago, Lip Man 1 said: But again HE DOES NOT WANT TO GIVE UP CONTROL. It's all part of the same issue with selling, he wants what he wants and that's the way it is. It's all about ego and having the final say. Ishbia isn't nuts...this has already been worked out IMO. I seriously doubt Ishbia is going to allow JR to handle his investment for the next 10 years. 2 Link to comment Share on other sites More sharing options...
Lip Man 1 Posted April 6 Share Posted April 6 14 minutes ago, poppysox said: Ishbia isn't nuts...this has already been worked out IMO. I seriously doubt Ishbia is going to allow JR to handle his investment for the next 10 years. With respect I seriously doubt JR is going to want to give up a single iota of control as long as he is alive. We'll see how this plays out, I hope I'm around to see how it ends. Link to comment Share on other sites More sharing options...
caulfield12 Posted April 6 Share Posted April 6 21 minutes ago, Lip Man 1 said: With respect I seriously doubt JR is going to want to give up a single iota of control as long as he is alive. We'll see how this plays out, I hope I'm around to see how it ends. Pretty soon you'll have all the AL East and AL West owners arguing the other four Central teams have too much of a competitive advantage being in the same division as the White Sox.. Link to comment Share on other sites More sharing options...
Rey21 Posted April 6 Share Posted April 6 (edited) Jerry has legit nothing better to do in his life right now so I’m sure he’s going to hold onto this thing for as long as he possibly can and run it how he pleases, us fans be damned. I think Ishbia is next in line and Jerry is lining things up for that to be the case but at this point it sounds like it won’t happen until he passes. Until then we have to hope that Chris Getz has enough smart people in place to draft correctly and make trades that net some diamonds in the rough. Edited April 6 by Rey21 Link to comment Share on other sites More sharing options...
caulfield12 Posted April 6 Share Posted April 6 As if we needed more reasons for depression...Monday's stock market futures forecast another bloodbath. Dow down 12.39% in less than three days. Only another 27.5% to go to reach Covid non self-induced numbers... 1 Link to comment Share on other sites More sharing options...
Lightly Folded Posted April 6 Share Posted April 6 33 minutes ago, caulfield12 said: As if we needed more reasons for depression...Monday's stock market futures forecast another bloodbath. Dow down 12.39% in less than three days. Only another 27.5% to go to reach Covid non self-induced numbers... Unless you are actively trading the best advice is ignore the market news each day until it closes at 4pm eastern time. Then grab a bracer and see how far you’ve fallen. No point living with anxiety until after the trading closes. My 401-K lost $56,000 last week. Buying tickets, parking, etc. to a Sox game won’t be on my to-do list for quite a while. Neither will be the theater, restaurants, bills, blackhawks, or wolves. Only the basics. Link to comment Share on other sites More sharing options...
southsider2k5 Posted April 6 Share Posted April 6 7 minutes ago, Lightly Folded said: Unless you are actively trading the best advice is ignore the market news each day until it closes at 4pm eastern time. Then grab a bracer and see how far you’ve fallen. No point living with anxiety until after the trading closes. My 401-K lost $56,000 last week. Buying tickets, parking, etc. to a Sox game won’t be on my to-do list for quite a while. Neither will be the theater, restaurants, bills, blackhawks, or wolves. Only the basics. If this is your retirement account don't look, as it just gives the temptation to do something stupid. The damage is done, walk away. Link to comment Share on other sites More sharing options...
caulfield12 Posted April 7 Share Posted April 7 (edited) 1 hour ago, Lightly Folded said: Unless you are actively trading the best advice is ignore the market news each day until it closes at 4pm eastern time. Then grab a bracer and see how far you’ve fallen. No point living with anxiety until after the trading closes. My 401-K lost $56,000 last week. Buying tickets, parking, etc. to a Sox game won’t be on my to-do list for quite a while. Neither will be the theater, restaurants, bills, blackhawks, or wolves. Only the basics. This is the fourth time for me. 1998-2002 2007-2008 Beginning of Covid As long as you don't need the money in the next 3-5 years, the best advice is not to get caught up in it at all and hold for a brighter day. Definitely, watching CNBC every market opening and close won't help matters. Markets have always returned 8-10% on average since 1929 or whatever, so there's going to be corrections and recessions bordering on depressions (2007-09 is the closest for most). They're inevitable cycles of boom and bust, although we were actually pretty well positioned in terms of interest rates, inflation and unemployment until last Wednesday. It's actually quite interesting now to look back at the trade policies of Hoover and also McKinley...if nothing else, SOMEONE in the administration should have learned something from past history (and this is at a time when America and the UK/Europe were highly manufacturing-based economies compared to now). Edited April 7 by caulfield12 Link to comment Share on other sites More sharing options...
soxfan18 Posted April 7 Share Posted April 7 4 hours ago, Lip Man 1 said: But again HE DOES NOT WANT TO GIVE UP CONTROL. It's all part of the same issue with selling, he wants what he wants and that's the way it is. It's all about ego and having the final say. You said it's "because of the tax hit if he sells while alive." Now it's all about ego. Make up your fucking mind. Link to comment Share on other sites More sharing options...
chitownsportsfan Posted April 7 Share Posted April 7 14 minutes ago, soxfan18 said: You said it's "because of the tax hit if he sells while alive." Now it's all about ego. Make up your fucking mind. porque no los dos? Link to comment Share on other sites More sharing options...
tray Posted April 7 Share Posted April 7 When the value of the franchise is at its lowest he Ishby could make an offer to purchase enough shares to gain control of the franchise. Private equity principles would seem to suggest that he looks to make a temporary improvement to the team and then sell at a profit. Link to comment Share on other sites More sharing options...
southsider2k5 Posted April 7 Share Posted April 7 17 minutes ago, tray said: When the value of the franchise is at its lowest he Ishby could make an offer to purchase enough shares to gain control of the franchise. Private equity principles would seem to suggest that he looks to make a temporary improvement to the team and then sell at a profit. As opposed to those real-estate developers who are all about investing for the long haul, you know the guys who by definition make improvements to land and sell quickly? Link to comment Share on other sites More sharing options...
caulfield12 Posted April 7 Share Posted April 7 1 hour ago, soxfan18 said: You said it's "because of the tax hit if he sells while alive." Now it's all about ego. Make up your fucking mind. Seems like it's 50/50...because none of the other owners or Manfred seem to even acknowledge his very existence any longer. Link to comment Share on other sites More sharing options...
Lip Man 1 Posted April 7 Share Posted April 7 1 hour ago, soxfan18 said: You said it's "because of the tax hit if he sells while alive." Now it's all about ego. Make up your fucking mind. It's both... the tax hit and the idea of having to pay anything (for example his unwillingness to announce he's willing to pay anything out of his own pocket for a new stadium) is still the driving force, and that is ego-centric. "I'm rich...I shouldn't have to pay a damn thing...not taxes not my money for a stadium..." BOTH are involved. Link to comment Share on other sites More sharing options...
DFAthewave69420 Posted April 7 Share Posted April 7 14 hours ago, caulfield12 said: As if we needed more reasons for depression...Monday's stock market futures forecast another bloodbath. Dow down 12.39% in less than three days. Only another 27.5% to go to reach Covid non self-induced numbers... Feel free to comment again when the markets go back up… 1 Link to comment Share on other sites More sharing options...
Rocky Posted April 7 Share Posted April 7 1 hour ago, DFAthewave69420 said: Feel free to comment again when the markets go back up… 🤡 1 1 Link to comment Share on other sites More sharing options...
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