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Sports Illustrated

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Tyler Lauletta.

White Sox Agree to Deal With Billionaire That Could Allow Future Sale

Justin Ishbia Mat Ishbia Sox White Sox the White Sox Jerry Reinsdorf Phoenix Suns Chicago White Sox

A Chicago White Sox jersey. | Nick Cammett/Diamond Images via Getty Images

The Chicago White Sox appear to be heading towards new ownership, but not for a while.

On Tuesday, the team announced a “long-term investment agreement” had been made between owner Jerry Reinsdorf and billionaire Justin Ishbia that “establishes a framework" for Ishbia to take a controlling share of the franchise down the road.

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One subscription that gives you access to news from hundreds of sites

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