Ishbia taking control by 2029?

[poppysox]

7 minutes ago, southsider2k5 said:

The title is just that, a title.  Behind the scenes is almost certainly different.  There is no billionaire on earth putting billions of dollars into a vanity project and staying quiet.  This has all been worked out behind closed doors.

Agreed!  That's my point.

[southsider2k5]

1 hour ago, poppysox said:

Agreed!  That's my point.

Then what are you mad about?  That they didn't tell you?

[poppysox]

42 minutes ago, southsider2k5 said:

Then what are you mad about?  That they didn't tell you?

I'm not mad.  I'm disgusted that we don't hear that Ishiba is running the show and what his plans are.  There is no reason not to shoot straight with the fans.  If Ishiba continues to let JR front the team...he sure isn't very good at PR.

[caulfield12]

35 minutes ago, poppysox said:

I'm not mad.  I'm disgusted that we don't hear that Ishiba is running the show and what his plans are.  There is no reason not to shoot straight with the fans.  If Ishiba continues to let JR front the team...he sure isn't very good at PR.

We don't even know for a fact that he has more shares right now than JR and sons.

Regardless of that, JR is the official control person unto he dies or 2029, whether anyone actually likes it or not.

That JR made it so ambiguous for some fans is clearly on him.

[southsider2k5]

48 minutes ago, poppysox said:

I'm not mad.  I'm disgusted that we don't hear that Ishiba is running the show and what his plans are.  There is no reason not to shoot straight with the fans.  If Ishiba continues to let JR front the team...he sure isn't very good at PR.

JR is going to do the dirty work the next couple of years, that's why.

[poppysox]

3 minutes ago, caulfield12 said:

We don't even know for a fact that he has more shares right now than JR and sons.

Regardless of that, JR is the official control person unto he dies or 2029, whether anyone actually likes it or not.

That JR made it so ambiguous for some fans is clearly on him.

Jerry said he was fast-tracking the path back to respectability.  I like most of how Getz has approached the rebuild.  Now it's time to give up the resources needed to compete.  Get some relief pitching to win those close games in the late innings.   We would be over .500 by adding 4 above-average pitchers.  One starter and 3 relievers.  Once Montgomery and Teel arrived, they were watchable.  Between B. Montgomery and our minor league pitchers, we are not that far away.  

[southsider2k5]

1 minute ago, poppysox said:

Jerry said he was fast-tracking the path back to respectability.  I like most of how Getz has approached the rebuild.  Now it's time to give up the resources needed to compete.  Get some relief pitching to win those close games in the late innings.   We would be over .500 by adding 4 above-average pitchers.  One starter and 3 relievers.  Once Montgomery and Teel arrived, they were watchable.  Between B. Montgomery and our minor league pitchers, we are not that far away.  

Jerry said a lot of things that weren't true, such as Chris Getz was the quickest way to respectability.

[poppysox]

4 minutes ago, southsider2k5 said:

JR is going to do the dirty work the next couple of years, that's why.

Lost on me what that "dirty work" entails.  Union contracts and stadium negotiations would probably have more credibility with Ishiba speaking.  Who wants to negotiate with someone who won't be living with the consequences? 

[poppysox]

5 minutes ago, southsider2k5 said:

Jerry said a lot of things that weren't true, such as Chris Getz was the quickest way to respectability.

He might be the quickest way to respectability if our payrolls for the next three years are under $100 million.

[southsider2k5]

1 minute ago, poppysox said:

Lost on me what that "dirty work" entails.  Union contracts and stadium negotiations would probably have more credibility with Ishiba speaking.  Who wants to negotiate with someone who won't be living with the consequences? 

Jerry has been doing this for 45 years.  He's also gotten multiple stadiums built in Chicago.  Plus by having him play the evil guy, people who aren't paying attention think that the new guy didn't get his hands dirty until someone explains it to them.

[poppysox]

8 minutes ago, southsider2k5 said:

Jerry has been doing this for 45 years.  He's also gotten multiple stadiums built in Chicago.  Plus by having him play the evil guy, people who aren't paying attention think that the new guy didn't get his hands dirty until someone explains it to them.

They believe that people who don't pay attention are more important than those who do.  Got it.

[southsider2k5]

17 minutes ago, poppysox said:

They believe that people who don't pay attention are more important than those who do.  Got it.

Two hours ago, you thought Jerry still running things by himself and wondering why Ishbia wasn't.  It works.

[Bonerko4Konerko]

4 hours ago, southsider2k5 said:

The title is just that, a title.  Behind the scenes is almost certainly different.  There is no billionaire on earth putting billions of dollars into a vanity project and staying quiet.  This has all been worked out behind closed doors.

But he's not putting billions of dollars into this project. He has an agreement to buy the team in 2034. Maybe he gets lucky and he gets to buy in 2029. But he isn't infusing the org with hundreds of millions of dollars right now. He isn't running anything in regards to the day-to-day operations of the Club. I'm sure he sits in on meetings and is kept informed about things that are happening, but beyond that his focus is most likely on a new stadium. Whatever money he has agreed to spend on the team to help reduce debt and whatnot was most likely negotiated as part of the agreement they made.

[southsider2k5]

26 minutes ago, Bonerko4Konerko said:

But he's not putting billions of dollars into this project. He has an agreement to buy the team in 2034. Maybe he gets lucky and he gets to buy in 2029. But he isn't infusing the org with hundreds of millions of dollars right now. He isn't running anything in regards to the day-to-day operations of the Club. I'm sure he sits in on meetings and is kept informed about things that are happening, but beyond that his focus is most likely on a new stadium. Whatever money he has agreed to spend on the team to help reduce debt and whatnot was most likely negotiated as part of the agreement they made.

#1, he is putting a ton of capital into this team.

#2, he has already bought some unknown percentage of the White Sox, likely 8 to 9 figures worth.

#3, Whose money do you think is going to be paying for a new stadium?  Jerry?  Don't make me laugh. 

[soxrwhite]

Ishbia meets the Pope and the Sox get the number one pick. Any connection?

[poppysox]

1 hour ago, soxrwhite said:

Ishbia meets the Pope and the Sox get the number one pick. Any connection?

Seems obvious.

[Bonerko4Konerko]

18 hours ago, southsider2k5 said:

#1, he is putting a ton of capital into this team.

#2, he has already bought some unknown percentage of the White Sox, likely 8 to 9 figures worth.

#3, Whose money do you think is going to be paying for a new stadium?  Jerry?  Don't make me laugh. 

#1 - How much capital? I don't know what a ton means here in terms of dollars. Thought it was reported earlier this year he is putting up about $100 million to help pay down debt. Do we have any other info or is it just speculation?

#2 - Right, he's bought up shares as part of his bid to eventually buy the team. That's not what I would call "pouring billions of dollars into a vanity project".

#3 - I'm not a moron 

We're all desperate for new Ownership. We're all excited knowing Ownership will be changing in the near future. But I don't think he's acting like a silent owner/partner where he is making decisions behind the scenes that impact the day to day operations of the Org. I might be wrong, but there is nothing currently happening that makes me think he's involved as others seem to think.

[southsider2k5]

2 minutes ago, Bonerko4Konerko said:

#1 - How much capital? I don't know what a ton means here in terms of dollars. Thought it was reported earlier this year he is putting up about $100 million to help pay down debt. Do we have any other info or is it just speculation?

#2 - Right, he's bought up shares as part of his bid to eventually buy the team. That's not what I would call "pouring billions of dollars into a vanity project".

#3 - I'm not a moron 

We're all desperate for new Ownership. We're all excited knowing Ownership will be changing in the near future. But I don't think he's acting like a silent owner/partner where he is making decisions behind the scenes that impact the day to day operations of the Org. I might be wrong, but there is nothing currently happening that makes me think he's involved as others seem to think.

By the time all is said and done, dude is going to be into the White Sox for 2 billion dollars for the team, plus everything else he puts in to support it.  After stadium and capital infusions (and yes, 9 figures is a ton to me) we are probably in for say 3 billion dollars.  I would call that billions of dollars.

[77 Hitmen]

10 hours ago, Bonerko4Konerko said:

#1 - How much capital? I don't know what a ton means here in terms of dollars. Thought it was reported earlier this year he is putting up about $100 million to help pay down debt. Do we have any other info or is it just speculation?

#2 - Right, he's bought up shares as part of his bid to eventually buy the team. That's not what I would call "pouring billions of dollars into a vanity project".

#3 - I'm not a moron 

We're all desperate for new Ownership. We're all excited knowing Ownership will be changing in the near future. But I don't think he's acting like a silent owner/partner where he is making decisions behind the scenes that impact the day to day operations of the Org. I might be wrong, but there is nothing currently happening that makes me think he's involved as others seem to think.

If they're working on a new stadium, he's absolutely deeply involved in that since he'll be funding much of it and he'll be the owner going forward.  Jerry already screwed up one ballpark design big time and there's no way Ishbia is just going to sit back and see what JR comes up with this time around.

But yeah, he's not going to be involved in day to day operations of the team until at least 2029.  Maybe he'll infuse some cash to shore up their scouting/player development, etc. now.  But he's not making roster or staffing decisions for the next few years.

Edited 13 hours ago by 77 Hitmen

[77 Hitmen]

11 hours ago, southsider2k5 said:

By the time all is said and done, dude is going to be into the White Sox for 2 billion dollars for the team, plus everything else he puts in to support it.  After stadium and capital infusions (and yes, 9 figures is a ton to me) we are probably in for say 3 billion dollars.  I would call that billions of dollars.

I agree with everything said here, but man, that's a lot of money!  I guess it's just hard for a regular schmo like me to conceptualize someone dropping $2B for a sports franchise and then coming up with another $1B or so for a stadium like that.  But I looked it up and the Ishbias (his brother Mat being primary owner) bought the Phoenix Suns and Phoenix Mercury (WNBA) for $4B and the brothers still have a net worth of $5B and $10B.

I wonder how the Sox franchise sale price gets intertwined with the need for the incoming owners to privately finance a new stadium (if they don't want to stay at Rate Field).  If JR had somehow gotten the state to pay $1B toward a new stadium, surely the asking price for the team would have been higher.