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Ownership breakdown: ishbias 35%, Reinsdorfs 50%


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This is just depressing...

Why would Ishbia put himself in this seemingly untenable position?

He has nothing to gain helping to finance a new stadium if the Reinsdorfs will end up taking the credit ultimately.

Why would buying the Twins outright not be the better play?  Inside information on Correa's health lol?

This just doesn't make any sense at all from a practical standpoint.

If anything...the valuation will continue to shrink if the US enters recession territory.  And CHSN looks like a total fiasco so far.

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7 minutes ago, caulfield12 said:

This is just depressing...

Why would Ishbia put himself in this seemingly untenable position?

He has nothing to gain helping to finance a new stadium if the Reinsdorfs will end up taking the credit ultimately.

Why would buying the Twins outright not be the better play?  Inside information on Correa's health lol?

This just doesn't make any sense at all from a practical standpoint.

If anything...the valuation will continue to shrink if the US enters recession territory.  And CHSN looks like a total fiasco so far.

Cause the White Sox with a capable owner would print money.

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8 minutes ago, caulfield12 said:

This is just depressing...

Why would Ishbia put himself in this seemingly untenable position?

He has nothing to gain helping to finance a new stadium if the Reinsdorfs will end up taking the credit ultimately.

Why would buying the Twins outright not be the better play?  Inside information on Correa's health lol?

This just doesn't make any sense at all from a practical standpoint.

If anything...the valuation will continue to shrink if the US enters recession territory.  And CHSN looks like a total fiasco so far.

The most obvious outcome is they’ve been promised first rights to buy the team when Jerry sells.  However, that’s not going to be for a long time.  We are in baseball hell for the rest of this decade.

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12 minutes ago, fathom said:

The most obvious outcome is they’ve been promised first rights to buy the team when Jerry sells.  However, that’s not going to be for a long time.  We are in baseball hell for the rest of this decade.

At this point, you're almost stuck rooting for more national embarrassment or the Office of the Commissioner to step in.

Running the 29th highest payroll in baseball out of Chicago?

If/when Robert Perez Benintendi are dealt...they will fall below the Marlins for lowest payroll in the sport.

That's just crazy.

 

Waiting for the stadium issue to come to a head is going to take forever...and there's just no way the Ishbias would want to be locked into that stadium for another 15-20 years.

They're getting close to Anaheim and KC now having the oldest facilities outside of Fenway and Wrigley.

Edited by caulfield12
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20 minutes ago, caulfield12 said:

This is just depressing...

Why would Ishbia put himself in this seemingly untenable position?

He has nothing to gain helping to finance a new stadium if the Reinsdorfs will end up taking the credit ultimately.

Why would buying the Twins outright not be the better play?  Inside information on Correa's health lol?

This just doesn't make any sense at all from a practical standpoint.

If anything...the valuation will continue to shrink if the US enters recession territory.  And CHSN looks like a total fiasco so far.

I love free CSHN broadcasts. Brings me back to more innocent times when any kid could enjoy the Sox, Bulls and Blackhawks albeit on a b&w CRT.

Comcast tried to put a wrench in it.

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How is this depressing?

It's progress. 

Yes, the Ishbia's first priority is having a spot to park some money.    But I doubt that they put up with a dog-and-pony show for too long.  And at some point, JR's sons may have "that talk" with their aging father.  

And as somebody said above, you can print money if you do this right.
 

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21 minutes ago, fathom said:

The most obvious outcome is they’ve been promised first rights to buy the team when Jerry sells.  However, that’s not going to be for a long time.  We are in baseball hell for the rest of this decade.

Michael -Squeeze out Ishbia.

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15 minutes ago, GreenSox said:

How is this depressing?

It's progress. 

Yes, the Ishbia's first priority is having a spot to park some money.    But I doubt that they put up with a dog-and-pony show for too long.  And at some point, JR's sons may have "that talk" with their aging father.  

And as somebody said above, you can print money if you do this right.
 

It's depressing if you're 55 years old and have to wait at least another 3-5 years to have a decent baseball club to watch...and another 5-10 years for the stadium situation to be finalized in some way, shape or form.

Anyone want to put up the odds that we DON'T sign a player to a contract for more than Benintendi/Grandal $70-75 million numbers in the next 3-5 years????

 

There's no doubt in my mind that someone like Nick Kurtz is going to get over $100 for an early extension with the A's and we'll be the LAST/FINAL team in the entire sport without a contract over that number...although technically, I guess the Rays' deal with Franco was voided.

 

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14 minutes ago, tray said:

Michael -Squeeze out Ishbia.

Whoever has the most money will win...that's capitalism.

Just like whoever has the ability as a corporation or individual to influence the political process will be rewarded with "cut outs" to protect their industries, while Mainstreet/Everyday Joe's simply don't stand a chance to survive or protect their investments from events outside their control.

That's the system as it currently stands.

It's not even based on Ayn Rand/John Galt "fairness" or merit-based principles that the so-called "best" or "elites" win out in the end.

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I mean I haven't followed the details of this super closely, but it was reported not long ago that Ishbia owned ~5%. Now it's 35%. It seems like pretty good news even though we know they were adding shares. They aren't adding shares for any reason other than to acquire the rest when available, one would think. Seems like good news, even if this stretches on a few years. 

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1 hour ago, fathom said:

Don’t get hopes up, as NBB says any sale is likely to take at least 5 years

Which makes zero sense for all parties outside of the “Jerry is bored and wants to oversee a rebuild”.  And in that case, no idea why the Ishbia’s would want to wait around and risk Jerry fucking up their investment even further.

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17 minutes ago, ChiSox59 said:

I mean I haven't followed the details of this super closely, but it was reported not long ago that Ishbia owned ~5%. Now it's 35%. It seems like pretty good news even though we know they were adding shares. They aren't adding shares for any reason other than to acquire the rest when available, one would think. Seems like good news, even if this stretches on a few years. 

Them at 35% is great. The reinsdorf failsons and father having fifty percent is incredibly depressing. There is no “not selling but passing chairman role to ishbias”, we are just stuck with this miserable moron.

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1 hour ago, tray said:

I love free CSHN broadcasts. Brings me back to more innocent times when any kid could enjoy the Sox, Bulls and Blackhawks albeit on a b&w CRT.

Comcast tried to put a wrench in it.

It’s funny you mention Comcast trying to put a wrench in free over-the-air sports on TV.  When I was very young, Jerry Reinsdorf and Eddie Einhorn formed one of the very first subscription-based sports television services called Sportsvision.

Jerry and Eddie were essentially trying to create their own pay to watch network just like Marquee, but years ahead of the Cubs.  How ironic.

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2 hours ago, tray said:

I love free CSHN broadcasts. Brings me back to more innocent times when any kid could enjoy the Sox, Bulls and Blackhawks albeit on a b&w CRT.

Comcast tried to put a wrench in it.

Ah yes, and then who moved them all to pay television?  Ah yes that private equity guy.

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15 minutes ago, ChiSoxFanMike said:

Considering Jerry is damn near 90, I think trying to project timelines for this whole process is pretty silly.

It’s absurd and it’s clear that people like NBB just spit the messaging that Jerry wants made public.  The simple reality is Jerry is the boss until a deal is finalized between the Ishbia’s and Reinsdorf’s or he dies.  In either case, it’s wild to assume that will be 5+ years.

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