8 minutes ago, bmags said:

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

 

Hold your horses.  You are really getting ahead of yourself on this.  🤣

7 minutes ago, Bob Sacamano said:

I second that

At the 78/Related site...

47 minutes ago, CWSpalehoseCWS said:

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

Then why would Ishbia buy in, if someone else has an absolute majority, they are ok with the general partner making decisions and the general partner passes away, then Hobson has has control. 

I don't think Ishbia wants someone looking over his shoulder after JR passes.

I'd be surprised if Hobson has an absolute majority....maybe plurality.

1 hour 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. 

Yes. I wouldn't want to be the majority owner of any company that I didn't control the decision making within.

"Right, the one potential buyer that was made public leveraged that info to further buy into another team that he already had a stake in? Sounds like a billionaire doing billionaire things to me."

twinstalk

 

The one point over there about Ishbia bring able to leverage a new stadium project as opposed to Minnesota (already having one) is yet to be seen...as well as the literally Related/78 area with retail/condos/casino/restaurants and clubs.

Living in the Chicagoland area already.. will definitely have thought this future ballpark issue through.  Maybe even with Melody Hobson as a partner/strategic investor?

And then basically free tv to try to grow back market share from the Cubs Marquee model as the second rebuild starts to come into focus.

Tray will definitely be kept busy.

Edited February 23, 20251 yr by caulfield12

1 hour ago, Look at Ray Ray Run said:

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. 

I really don't care what Scott has to say.  Limited Partners actually have a say.  I get some of it depends on the covenants of the original deal, but Jerry needs to prove that he's not he's not issuing shares at an underpriced level and instead is issuing at an overpriced amount (and that he's smarter than everyone else - literally saying he knows more).  He better have Mellody on board....

Edited February 23, 20251 yr by champagne030

21 hours ago, Chisoxfn said:

Is this basically getting everything lined up for a seamless transition to a new family in a few years. 

Without getting ahead of ourselves I would guess yes.

 

43 minutes ago, caulfield12 said:

At the 78/Related site...

Hopefully Tray can find parking

"If the Cubs are bringing in $550 mil (3rd in the majors) then the Sox should/could be about $450 mil (similar to Braves' $473 million). They are not even close ($270-280 million, at the bottom with the A's), which is why they need a mass cleaning in the FO.  (and those are direct numbers for the Cubs...not indirect related to surrounding Ricketts' funded entertainment complex).
 

The South Loop would be a swing for the fences type deal but the current site redevelopment could get them to their goals with little investment outlay."

 

soxmachine comments section

 

 

Or why not build a new Sox stadium TOGETHER with a Star Wars-related anchor (Hobson/Lucas project) park adjacent to it?

A little "big picture" vision here would help.

Edited February 23, 20251 yr by caulfield12

1 hour ago, Look at Ray Ray Run said:

Yes. I wouldn't want to be the majority owner of any company that I didn't control the decision making within.

Careful the last member of the Rick Hahn defense force is ready to clap back here.

As long as JR is around, he is going to have control. But why would you give up a bid to be the majority owner of an MLB team and have full control for anon conrrolling interest in another? He must have assurances he next up. Now, will JR sell why he's alive? I wouldn't think so unless there is someway he can offset his capital gains with capital losses. Maybe that 1901 project helps him there.

22 hours ago, nitetrain8601 said:

by the end of this calendar year that JR had sold or was fully in the process of selling the team

Oh please be so… please please please be so. Would be the best White Sox news to hit the press in the last 20 years!

Go Sox Go!!!!

17 minutes ago, hi8is said:

Oh please be so… please please please be so. Would be the best White Sox news to hit the press in the last 20 years!

Go Sox Go!!!!

Definitely since the Sale Eaton and Q trades....

Are we sure that Melody Hobson is involved at all? I think Ishbia will have the majority of the non Reinsdorf shares most likely after this. 

https://www.startribune.com/justin-ishbia-twins-sale-pohlad-family-beat-atlanta-exhibition-opener/601226998

22 minutes ago, Y2Jimmy0 said:

Are we sure that Melody Hobson is involved at all? I think Ishbia will have the majority of the non Reinsdorf shares most likely after this. 

"This has been rumored for several months now and *supposedly*  there is a tie-in to Lucas' wife via an interest in Ariel Investments. Additionally, JR's two sons have been reported to be seeking an independent piece of the Sox pie. The latter has some credence as JR has addressed the point. The separate Lucas/Ariel tie-in is a rumor that has yet to be verified."

SIAP
An article re:this subject:
https://www.awesemo.com/sideaction/30-percent-of-the-chicago-white-sox-have-allegedly-been-sold-to-mystery-buyer-for-a-boatload-of-money-bjs/

 

It was supposedly a 30% stake...was also discussed on Chicago sports talk radio at that time.

 

Edited February 23, 20251 yr by caulfield12

While some view the move, reported by The Athletic, as potentially raising his chances of ownership in the future, Ishbia’s tender offer has no impact on control or operation of the team, the Sox say.

https://chicago.suntimes.com/white-sox/2025/02/22/investor-halts-pursuit-of-twins-looks-to-raise-minority-share-in-white-sox

5 hours ago, Lip Man 1 said:

While some view the move, reported by The Athletic, as potentially raising his chances of ownership in the future, Ishbia’s tender offer has no impact on control or operation of the team, the Sox say.

https://chicago.suntimes.com/white-sox/2025/02/22/investor-halts-pursuit-of-twins-looks-to-raise-minority-share-in-white-sox

Yes, that's the Reifert/Boyer position now, but makes little sense if he'd already met with community leaders and former Twins' players seeking more buy-in and potentially adding someone like a Joe Mauer to bid investment bid....to walk away from outright owning a team for the current situation in Chicago.

There has to be more to it than simply feeling it was a better investment or closer to home.

 

 

Edited February 23, 20251 yr by caulfield12

6 hours ago, Lip Man 1 said:

While some view the move, reported by The Athletic, as potentially raising his chances of ownership in the future, Ishbia’s tender offer has no impact on control or operation of the team, the Sox say.

https://chicago.suntimes.com/white-sox/2025/02/22/investor-halts-pursuit-of-twins-looks-to-raise-minority-share-in-white-sox

Of course the Sox have to say this. It's not official. Limited partners haven't agreed to anything nor has the deadline elapsed.

JayMoney8518

OP

•2y ago

"Jerry, George, and Mellody had dinner in a private room at Steak 48 a few weeks ago. It was all Sox talk."

 

"let's just get wacky with it. LucasArts stadium is where they're moving and it's on the location of the museum the city missed out on and it's Star Wars themed"

 

https://www.reddit.com/r/whitesox/comments/15ymkya/in_a_few_weeks_you_will_understand_why_i_posted/&sa=U&ved=2ahUKEwiv4Ivvz9mLAxVQlq8BHZLiN_0QFnoECAcQAg&usg=AOvVaw33aHZ-6hH13Z0APQAxG9VG

 

Never mind...

The Lucas Museum of Narrative Art is a museum founded by filmmaker George Lucas and his wife, businesswoman Mellody Hobson.^[2] Once completed, the museum will hold all forms of visual storytelling, including painting, photography, sculpture, illustration, comic art, performance, and video. It is under construction in Exposition Park in Los Angeles, California.^[3] The museum is expected to open in 2026.^[4]

 

Edited February 23, 20251 yr by caulfield12

2 hours ago, caulfield12 said:

JayMoney8518

OP

•2y ago

"Jerry, George, and Mellody had dinner in a private room at Steak 48 a few weeks ago. It was all Sox talk."

 

"let's just get wacky with it. LucasArts stadium is where they're moving and it's on the location of the museum the city missed out on and it's Star Wars themed"

 

https://www.reddit.com/r/whitesox/comments/15ymkya/in_a_few_weeks_you_will_understand_why_i_posted/&sa=U&ved=2ahUKEwiv4Ivvz9mLAxVQlq8BHZLiN_0QFnoECAcQAg&usg=AOvVaw33aHZ-6hH13Z0APQAxG9VG

 

Never mind...

The Lucas Museum of Narrative Art is a museum founded by filmmaker George Lucas and his wife, businesswoman Mellody Hobson.^[2] Once completed, the museum will hold all forms of visual storytelling, including painting, photography, sculpture, illustration, comic art, performance, and video. It is under construction in Exposition Park in Los Angeles, California.^[3] The museum is expected to open in 2026.^[4]

 

Why are you sharing a random Reddit post that’s tied to some museum that is no longer happening?

46 minutes ago, Chicago White Sox said:

Why are you sharing a random Reddit post that’s tied to some museum that is no longer happening?

That’s what happens when you search for stories all night and reach the bottom

44 minutes ago, Chicago White Sox said:

Why are you sharing a random Reddit post that’s tied to some museum that is no longer happening?

That's what Chicago and Reinsdorf could have had if they played their cards right...more lakefront attractions to go along with a shiny new downtown-adjacent stadium.

And people think I was just pulling the Melody Hobson 30% minority partnership completely out of my imagination...

12 hours ago, champagne030 said:

I really don't care what Scott has to say.  Limited Partners actually have a say.  I get some of it depends on the covenants of the original deal, but Jerry needs to prove that he's not he's not issuing shares at an underpriced level and instead is issuing at an overpriced amount (and that he's smarter than everyone else - literally saying he knows more).  He better have Mellody on board....

If the article quote about the price of limited share prices doubling in a couple of years is accurate, Jerry’s fiduciary duty is more than covered.

6 minutes ago, Kyyle23 said:

That’s what happens when you search for stories all night and reach the bottom

Didn't get to TaylorStSox posts on Bauer and Clevinger yet...managed to sneak in a trip to FRED Jewelers just now for a necklace.

So not searching all night...all Sunday here in China.