14 hours ago, 77 Hitmen said:

The Bears are looking to getting a bill put together to present to the IL legislature. Here are links to the Crain's and Trib articles about this.

Pritzker offers up a playbook for a special session on a...

The governor says the Bears are assembling a hybrid stadium proposal from rival House and Senate plans but must build support in Springfield first.

https://www.chicagotribune.com/2026/06/23/bears-stadium-pritzker/

“They’ve asked for advice, and so our staff, as well as legislators, have offered them that,” Pritzker said, speaking to reporters Tuesday in Chicago. “They’re looking at both of the bills that passed, the one in the House and the one in the Senate, hoping to put the provisions of each of those together in a form that they think will pass.”

“It’s one thing to articulate generally what you want. It’s another thing to actually say: We’d like a provision like this, a provision like that. And those are, many of them anyway, already written. They have lobbyists who could help them write those provisions. There are legislators who would help them write the bill. And again, then they need to go and talk to people about the various provisions to get support for it.”

The Indiana slag heap is a distant memory hopefully.

Edited 1 hour ago1 hr by Falstaff
typo

12 hours ago, southsider2k5 said:

Son, some of us don't need google to understand what Private Equity is, nor to realize the Sox have been a PE shop since 1980.

Presumably then you understand how Private Equity Investors love to manipulate and leverage debt for their own benefit, and that is precisely what Ishbia is doing. Not one red cent out of his pocket to pay for anything and no involvement in the operation of the organization. However, the end of the yellow brick road is nearing. The curtain has to be pulled back now so Ishbia can address the concerns of some fans and players like Murakami that may be planning to leave after his 2 year contract is up. Instead, Ishbia(Shore Capital) has a contingent Contract to purchase the Amtrak rail yard and one of his LLCs has applied for a Federal loan to relocate the Amtrak rail yard. I may not be the only person in Chicago that has issues with what this guy is doing, but feel free to make that preposterous allegation on an internet forum. Go ahead.

Jerry Reinsdorf worked as an IRS lawyer after graduating from Northwestern in 1960, where his first case concerned the tax delinquency of Bill Veeck, who at the time owned the White Sox.^[7] In 1964, he went into private practice. He developed a specialty in real estate partnership tax shelters. He sold his business interests in the real estate partnership in 1973 and formed Balcor, which raised US$650 million to invest in buildings under construction. He sold Balcor in 1982 for $102 million to Shearson Lehman Brothers, the investment banking and brokerage arm of American Express.^[7] However, he continued to be President of the company for several years thereafter.^[15]

He made his initial fortune in real estate, taking advantage of the Frank Lyon Co. v. United States decision by the United States Supreme Court, which allowed economic owners of realty to sell property and lease it back, while transferring the tax deduction for depreciation to the title owner.

Edited 1 hour ago1 hr by caulfield12

Not relevant at this time and for this discussion.

26 minutes ago, tray said:

Presumably then you understand how Private Equity Investors love to manipulate and leverage debt for their own benefit, and that is precisely what Ishbia is doing. Not one red cent out of his pocket to pay for anything and no involvement in the operation of the organization. However, the end of the yellow brick road is nearing. The curtain has to be pulled back now so Ishbia can address the concerns of some fans and players like Murakami that may be planning to leave after his 2 year contract is up. Instead, Ishbia(Shore Capital) has a contingent Contract to purchase the Amtrak rail yard and one of his LLCs has applied for a Federal loan to relocate the Amtrak rail yard. I may not be the only person in Chicago that has issues with what this guy is doing, but feel free to make that preposterous allegation on an internet forum. Go ahead.

Again, this is exactly the ownership structure the White Sox have had since 1980. The only preposterous things being proposed are that the scary nightmare scenarios aren't already happening today.

-Jerry owned less than 20% of the team when it was purchased, meaning 80% of the purchase price was leveraged from other investors, while Jerry maintained full power and control.

-Jerry had not one, but two baseball stadiums built to get his team into a market, not as his expense, but at taxpayers expense.

-Jerry's group is the only franchise in the history of MLB who has yet to award a player a $100 million contract, and has multiple hall of fame candidates, such as Harold Baines, Frank Thomas, Chris Sale, etc either allowed to walk away in free agency, or traded so Jerry wouldn't have to pay them out of his own pocket.

Jerry’s group ran up a reported 9 figure debt, including a reported 6 straight seasons of deficits, all while running one of the smallest and cheapest operations in baseball, with the majority of that time spent cutting expenses so Jerry wouldn't have to spend his own money. It got so bad, Jerry had to beg Ishbia to NOT buy the Twins and put up an emergency capital infusion in exchange for the option to buy the team in a complicated and manipulated sales set up primarily for tax avoidance so Jerry can (recognize the theme here yet) not spend his own money.

But please continue to threaten us with things that Jerry has been doing for almost 50 years with the White Sox.

Tray, why do you keep lecturing everyone about the pitfalls of private equity? This isn’t about that. This is about your personal experience and relative nearness to the park being affected. I get that, it suck’s that maybe in 10 years you won’t be able to walk to a game anymore, but you are just arguing nonsense anymore. This isn’t even a discussion much, the people who actually come here to discuss this have largely muted you because of the nonsense. I have said it before I will say it again, your position is noted. We all are aware. Thank you for the Private equity lectures