southsider2k5 Posted February 22 Share Posted February 22 57 minutes ago, Y2Jimmy0 said: Yeah I don’t know about this. It doesn’t seem like Jerry is giving up control anytime soon based on everyone I’ve talked to. Ishbia has to have some assurances but I don’t think this moves quickly. Counting on Jerry to honestly tell us his plan seems not likely. Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 22 Share Posted February 22 33 minutes ago, Chicago White Sox said: Ishbia is passing on the Twins to up his stake in the Sox based on conversations with Jerry. There is some sort of plan in place which will become much clearer once he buys out the minority shareholders next week. Yeah either something red flagged with the Twins or Jerry made him an offer he couldn't refuse. This was not random 2 Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 22 Share Posted February 22 2 hours 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. If there is no Jerry shares trading hands, majority share still wouldn't include voting rights unless there was a back room deal involved. Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 22 Share Posted February 22 3 hours ago, Chicago White Sox said: Is there something worse than hell? The Sox since 1980? 1 Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 22 Share Posted February 22 2 hours 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? Correct. The money goes to the people exiting the organization. Link to comment Share on other sites More sharing options...
Chicago White Sox Posted February 22 Share Posted February 22 29 minutes ago, ChiSoxFanMike said: It’s just weird that this news was dropped in passing on a random Friday night. I feel like this should be a much bigger deal than it is and that the reactions would be way more positive if it really is happening. Perhaps the apathy of this fanbase right now plays a role in that. I think things are mostly being kept on the hush until after the Feb 28th deadline. Jerry doesn’t want any of his plans revealed until the rest of the shareholders are addressed. Link to comment Share on other sites More sharing options...
Chicago White Sox Posted February 22 Share Posted February 22 17 minutes ago, ChiSoxFanMike said: I read he’s from Michigan but is based in Chicago so you might be onto something. He’s also not that old. But still, if I were him I would prefer to have this process done ASAP as opposed to being in a holding pattern for an indefinite period of time. And we literally just had an Orioles sale get done that transferred control before the controlling family actually sold their shares. There is a precedent here on how to construct a deal that allows an owner to effectively sell his team without incurring the major tax consequences that would happen prior to his death. I don’t see any reason why that wouldn’t be the outcome. Beyond the obvious what’s in it for Ishbia, what does Jerry have to gain by controlling the team if he has an already agreed upon transaction pending his death? Does he really want to oversee a rebuild if it has no bearing on his proceeds? Link to comment Share on other sites More sharing options...
Chicago White Sox Posted February 22 Share Posted February 22 20 minutes ago, Texsox said: All of the shareholders are getting older and have different issues with estate planning. JR could simply be helping one of the shareholders in their transition by controlling who buys in. There’s playing Devil’s Advocate and then there is this post. Link to comment Share on other sites More sharing options...
ChiSox59 Posted February 22 Share Posted February 22 1 hour ago, Bob Sacamano said: This is the part that bothers/scares me. It could be another 15 years. JR is 89. The man isn't living to 104. Link to comment Share on other sites More sharing options...
GreatScott82 Posted February 22 Share Posted February 22 49 minutes ago, Texsox said: All of the shareholders are getting older and have different issues with estate planning. JR could simply be helping one of the shareholders in their transition by controlling who buys in. But why would Ishbia pull out of his Twins pursuit just to cover some more minority shareholders spots? Seems like Ishbia is doing this to eventually land the big fish of majority ownership.... 1 Link to comment Share on other sites More sharing options...
Timmy U Posted February 22 Share Posted February 22 43 minutes ago, southsider2k5 said: The Sox since 1980? Or prior to 1980. Aside from ‘77, late 70’s were pretty bleak. Link to comment Share on other sites More sharing options...
ptatc Posted February 22 Share Posted February 22 1 hour ago, ChiSoxFanMike said: As other people in this thread have stated, what’s in it for Ishbia then? Why would he pass up on the Twins opportunity that would presumably allow him to take over quickly in favor of this where he could have to wait for years until Jerry dies? It just doesn’t make sense. Eventually owning the team. I'm not saying 20 years. Less than 10. I was commenting on someone who said it was going to happen within a year. From what people are saying it's probably more like 5-10. 1 Link to comment Share on other sites More sharing options...
DFAthewave69420 Posted February 22 Share Posted February 22 Here is an unlocked link to article —> https://archive.ph/i7LRF For Ishiba to backout of the Twins pursuit, there HAS to be a spitshake agreement with the White Sox. 4 Link to comment Share on other sites More sharing options...
The Mighty Mite Posted February 22 Share Posted February 22 I can’t get excited until JR actually relinquishes control of the franchise, if and when that happens it will be one of the happiest days of my life. Link to comment Share on other sites More sharing options...
Chicago White Sox Posted February 22 Share Posted February 22 7 minutes ago, ptatc said: Eventually owning the team. I'm not saying 20 years. Less than 10. I was commenting on someone who said it was going to happen within a year. From what people are saying it's probably more like 5-10. That makes zero sense to me. Ishbia simply isn’t going to wait that long to get his team. No eventual owner has spent 9 to 14 years of time (he bought his initial shares of the Sox in 2021) to seize control of their target. He was already in process of shifting over to the Twins prior to Jerry reaching out and making some sort of offer to him. Link to comment Share on other sites More sharing options...
Chisoxfn Posted February 22 Share Posted February 22 7 minutes ago, Chicago White Sox said: That makes zero sense to me. Ishbia simply isn’t going to wait that long to get his team. No eventual owner has spent 9 to 14 years of time (he bought his initial shares of the Sox in 2021) to seize control of their target. He was already in process of shifting over to the Twins prior to Jerry reaching out and making some sort of offer to him. I can understand a few years but 10 plus doesn’t make sense. Not if he really was getting the Twins. 2 Link to comment Share on other sites More sharing options...
soxfan18 Posted February 22 Share Posted February 22 16 minutes ago, ptatc said: Eventually owning the team. I'm not saying 20 years. Less than 10. I was commenting on someone who said it was going to happen within a year. From what people are saying it's probably more like 5-10. No way in hell is it that long. 2 Link to comment Share on other sites More sharing options...
Harold's Leg Lift Posted February 22 Share Posted February 22 22 minutes ago, GreatScott82 said: But why would Ishbia pull out of his Twins pursuit just to cover some more minority shareholders spots? Seems like Ishbia is doing this to eventually land the big fish of majority ownership.... I think we'll learn a lot when they announce plans for the stadium. 1 1 Link to comment Share on other sites More sharing options...
Bob Sacamano Posted February 22 Share Posted February 22 8 minutes ago, Harold's Leg Lift said: I think we'll learn a lot when they announce plans for the stadium. Yeah I wouldn’t say it’s definitive that he’s taking over immediately. Let’s wait for the details to come out. Link to comment Share on other sites More sharing options...
Lyle Moooton Posted February 22 Share Posted February 22 29 minutes ago, DFAthewave69420 said: Here is an unlocked link to article —> https://archive.ph/i7LRF For Ishiba to backout of the Twins pursuit, there HAS to be a spitshake agreement with the White Sox. Thanks for the link Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 22 Share Posted February 22 37 minutes ago, ChiSox59 said: JR is 89. The man isn't living to 104. Virgina McCaskey just made it to 102. 1 Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 22 Share Posted February 22 18 minutes ago, Harold's Leg Lift said: I think we'll learn a lot when they announce plans for the stadium. Oh man, someone is about to be triggered. 4 1 Link to comment Share on other sites More sharing options...
Bob Sacamano Posted February 22 Share Posted February 22 5 minutes ago, southsider2k5 said: Oh man, someone is about to be triggered. Mr “you might as well just go to games and cheer on the players and give Jerry all your money” tray? Link to comment Share on other sites More sharing options...
chitownsportsfan Posted February 22 Share Posted February 22 So it sounds like we have a chance to rid ourselves of JR sooner or later. Great information in this thread. Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 22 Share Posted February 22 16 minutes ago, Bob Sacamano said: Mr “you might as well just go to games and cheer on the players and give Jerry all your money” tray? Shhhhhhh.... Link to comment Share on other sites More sharing options...
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