(670 The Score) More details have emerged surrounding the White Sox’s ownership situation.
Billionaire Justin Ishbia and his brother, Mat, now own 35% of the White Sox, 670 The Score host Matt Spiegel revealed on his show Monday. News of Justin Ishbia’s increased influence with the White Sox became public in February when The Athletic reported he had abandoned his pursuit of the Twins to instead increase his minority stake in the White Sox. White Sox chairman Jerry Reinsdorf approach Ishbia about that, The Athletic reported.
On Monday, Spiegel shined more light on how the White Sox’s ownership stakes are currently split up. Behind the 35% owned by the Ishbias, a fund that’s controlled by Reinsdorf’s sons Michael and Jonathan accounts for 30%. Jerry Reinsdorf has a 20% stake, and about eight or so other limited partners combine to own 15%.
As has long been the case under the White Sox’s ownership structure, Jerry Reinsdorf remains the chairman and decision-maker even though he doesn’t have the biggest stake.
In the audio player above, you can listen to the full segment with Spiegel, co-host Laurence Holmes and executive producer Shane Riordan sharing what they’ve heard and learned about the White Sox recently.
“Nothing has changed,” Holmes said. “This is how it’s going to be. Jerry is not out here trying to get rid of the White Sox. He still would like to be in charge of the White Sox, and he’s going to be in charge of the White Sox.”