The Chicago White Sox could potentially get a new owner after enduring one of the worst seasons in MLB history. According to a recent report by The Athletic, White Sox’s longtime majority owner, Jerry Reinsdorf, is open to selling the team.
Reportedly, Reinsdorf is currently in discussions to sell the entirety of his 19% stake in the White Sox, which has an estimated worth of $2.05 billion. The ownership group led by former MLB pitcher and executive Dave Stewart is believed to be the front-runner in reaching a deal.
The news indicates a stark change of stance for Reinsdorf. He previously stated on several occasions that he isn’t interested in selling the team and has rejected numerous offers to do so.
Reinsdorf, who also owns the NBA’s Chicago Bulls, purchased the White Sox in 1981 for $19 million. Since then, the White Sox have been to the postseason seven times and won the World Series in 2005.
However, besides the World Series run, the White Sox failed to win a single series in their other six playoff trips. Additionally, they just became a team with the most losses in a single MLB season after losing 121 games in the 2024 season.
“This year has been extremely painful for all, especially our fans,” Reinsdorf said at the end of the campaign. “We did not arrive here overnight, and solutions won’t happen overnight either. Going back to last year, we have made difficult decisions and changes. Those changes have continued this summer, and we look forward to naming a new manager with new energy this fall.”
