6 minutes ago, PaleAleSox said:

I’m fine with that as long as he gives up control. Guess we will find out next offseason who is controlling the finances overall. 

I think we'll get an an announcement if the board changes and Ishbia acquires majority share.

The most telling part to me is the 1.8 valuation. This could be about stadium funding as well, but also makes a lot of sense if the 1.8 point was where the share holders would be willing to sell out at for him to acquire control.

Time will tell.

10 minutes ago, Look at Ray Ray Run said:

I think we'll get an an announcement if the board changes and Ishbia acquires majority share.

The most telling part to me is the 1.8 valuation. This could be about stadium funding as well, but also makes a lot of sense if the 1.8 point was where the share holders would be willing to sell out at for him to acquire control.

Time will tell.

Could be a way to raise capital to help fund something like they are doing around the United center as well. Done right it could increase that valuation for a family sell.

Edited February 22, 20251 yr by ptatc

"Absolute truth here. I had a dream last night, something about being in the s%*# business. A way of maximizing profits was to start offering s%*# sandwiches. It was important they be wrapped in wax paper, just like when I was a kid. Also, they needed to be cut in half diagonally. I wasn’t sure if they should be made with smashed patties or a spread.

I think this dream popped up because of reading about the Clevinger signing before going to bed.

The Ishbia move may be much ado about nothing, but at least it provides a basis for hope. It is the opposite of a s%*# sandwich."

 

A bit coarse, but this SoxMachine commenter hits upon the sentiments of most.  Hope is eternal.  That trace even mere figment of hope felt completely lost recently.

Edited February 22, 20251 yr by caulfield12

37 minutes ago, wegner said:

Yes....Cleveland

lol…good point! 

34 minutes ago, Kyyle23 said:

Goddamnit SOMEONE STOP CHICAGO WHITE SOX, HE IS PLANNING THE PARADE ALREADY 

The only question is how soon!

13 minutes ago, ptatc said:

Could be a way to raise capital to help fund something like they are doing around the United center as well. Done right it could increase that valuation for a family sell.

I certainly think stadium funding is a possibility here too but ishbia would still need something to give up buying the twins. Worst case he gets no control until Jerry passes but helps sponsor a stadium. 

Since we're sox fans, maybe we should expect the latter 

30 minutes ago, Y2Jimmy0 said:

Sounds like it’ll be a bit slower but it’s indeed good news. I think many people haven’t read the articles because of cancelled Athletic subscriptions. 

I read those articles when I got home last night at 2:30am.  My take is NBB is implying that the Reinsdorf’s won’t be selling their shares right away, but I still believe Ishbia would need control of the org to exit from his Twins pursuits.  I think this will all come out after the Feb 28th deadline for minority owners to sell their shares to Ishbia.  This screams Rubenstein/Angelos type deal.

27 minutes ago, Look at Ray Ray Run said:

I think we'll get an an announcement if the board changes and Ishbia acquires majority share.

The most telling part to me is the 1.8 valuation. This could be about stadium funding as well, but also makes a lot of sense if the 1.8 point was where the share holders would be willing to sell out at for him to acquire control.

Time will tell.

I don’t get this stadium angle.  If the minority owners are selling their shares to Ishbia, how does this help fund a stadium?

25 minutes ago, ptatc said:

Could be a way to raise capital to help fund something like they are doing around the United center as well. Done right it could increase that valuation for a family sell.

How does this raise capital? 

If I was the new owner - I’d have it worked out for a one year transition into and have it set where I take control post deadline. I say that because this team is going to suck this year, so let Jerry own the stink before you swoop in at least one year closer with tons of flexibility to start spending money in 26 and 27. 

9 minutes ago, Look at Ray Ray Run said:

I certainly think stadium funding is a possibility here too but ishbia would still need something to give up buying the twins. Worst case he gets no control until Jerry passes but helps sponsor a stadium. 

Since we're sox fans, maybe we should expect the latter 

If JR is only worried about money as most here think, funding their own stadium nay be too much.

However, building a parking garage one one of the current lots and turning the rest into entertainment realestate increase it for a final sell when he dies. Maybethats what they promised him.

Either could be true but a stadium may be too steep for cost.

6 minutes ago, Chicago White Sox said:

How does this raise capital? 

If they funnel the money raised from the sell into the improvements.

7 minutes ago, Chisoxfn said:

If I was the new owner - I’d have it worked out for a one year transition into and have it set where I take control post deadline. I say that because this team is going to suck this year, so let Jerry own the stink before you swoop in at least one year closer with tons of flexibility to start spending money in 26 and 27. 

Good idea but I don't think it's a year. I think it's longer term.

6 minutes ago, ptatc said:

If they funnel the money raised from the sell into the improvements.

This isn’t a capital call, Ishbia is simply buying up the shares of all the minority owners.  The White Sox themselves won’t end up with any extra cash.

7 minutes ago, ptatc said:

Good idea but I don't think it's a year. I think it's longer term.

I think he will transition into controlling stake sooner than later - eventually actually taking more significant ownership post JR passing. But this basically is a way to start the transition now while mitigating tax consequences for JR. 

Just to be clear everyone, Ishbia is buying the shares of the non Reinsdorf owners.  Jerry doesn’t really benefit he sells his shares to Ishbia at a later date.

Smh

18 minutes ago, Chicago White Sox said:

I don’t get this stadium angle.  If the minority owners are selling their shares to Ishbia, how does this help fund a stadium?

I'd need a lot more information on Sox structure obviously, but in the article it says they're getting a chance to sell and if they don't their shares will be diluted. Meaning ishbia is coming in no matter what and at a 1.8 billion valuation. Someone in this thread said in 2021 there was equity moved at 900 million valuation. That increase in investment valuation alone increases the Sox leverage in obtaining funding/backing on a stadium.

Quote: Reading that quote, i could be misreading it or it could be written poorly. If it's not that, then nvm.

Edited February 22, 20251 yr by Look at Ray Ray Run

5 minutes ago, Kyyle23 said:

Smh

?

7 minutes ago, Chicago White Sox said:

This isn’t a capital call, Ishbia is simply buying up the shares of all the minority owners.  The White Sox themselves won’t end up with any extra cash.

Ah, I guess it won't be that route then. Still bet we'll see some changes around the park.

I haven't seen @Chicago White Sox this excited since we traded for Chase Meidroth.

 

6 minutes ago, Look at Ray Ray Run said:

I'd need a lot more information on Sox structure obviously, but in the article it says they're getting a chance to sell and if they don't their shares will be diluted. Meaning ishbia is coming in no matter what and at a 1.8 billion valuation. Someone in this thread said in 2021 there was equity moved at 900 million valuation. That increase in investment valuation alone increases the Sox leverage in obtaining funding/backing on a stadium.

I get what you’re saying, but I still think this all about the Reinsdorf’s exiting with the most cash possible.  It’s hard to imagine they could do much better than selling to Ishbia with his wealth and local ties.  My guess is Jerry saw Ishbia getting close on a Twins deal and floated a Rubenstein type deal structure to avoid losing out on a strong buyer.  I think the only reason for a two step sale process is simply to avoid taxes.  The $1.8M valuation all but confirms there is bigger play here and that’s Ishbia taking on control fairly soon.

15 minutes ago, SoCalChiSox said:

I haven't seen @Chicago White Sox this excited since we traded for Chase Meidroth.

 

Still bitter I missed out on that photo op with him at SoxFest.  The kid is going to be an absolute monster for years to come.  And now we can actually afford to give him the mega contract he will deserve when the time finally comes!

I’m less interested in how the shares work and more excited that not buying the Twins makes it seem what their desired outcome is.