For most of last offseason, it seemed that Justin Ishbia was in a position to be the next owner of the Minnesota Twins. Ishbia was in talks with the Pohlad family throughout the winter, with the impression that the two sides would have a formal announcement by Opening Day of the 2025 season. Instead, to the initial shock of many, Ishbia abandoned those efforts in favor of increasing his minority shares in the Chicago White Sox.
Following the pivot from Ishbia, it seemed that the stage was set for him to eventually take control of the White Sox from Jerry Reinsdorf. That confirmation was officially provided on Thursday, as Reinsdorf has entered a long-term investment agreement with Ishbia.
Under the agreement, Ishbia could take over majority ownership of the White Sox as early as 2029. Between 2029 and 2033, there will be an option for Reinsdorf to sell the White Sox to Ishbia.
In 2034, if no deal is made before then, Ishbia would have the option to acquire the controlling interest in the White Sox from Reinsdorf.
The White Sox have announced a long-term investment agreement between Jerry Reinsdorf and Justin Ishbia. As part of the deal, Reinsdorf will have the option to sell the controlling interest to Ishbia between 2029-33, and Ishbia will have the option to acquire control after 2034.
— Chris Emma (@CEmma670) June 5, 2025
Twins fans get a painful reminder of the sale that never happened with latest Justin Ishbia bombshell
Not only was it clear that Ishbia was not going to be the next owner of the Twins, but it has now become clear that he will be the eventual majority owner of the White Sox. It would also be a safe assumption that this will only help the White Sox's efforts for a new stadium.
As for the Twins, there have been minimal updates on a potential sale of the franchise. A report from Front Office Sports last week did suggest that the Pohlad family was making progress in their efforts to sell the Twins, but a prospective buyer has yet to be revealed.
The good news for the Twins is that Reinsdorf, barring unforeseen circumstances, isn't going anywhere until 2029. This means that Twins, from a baseball standpoint, will continue to be the superior organization over the White Sox. Now, they must hope for some of the Ishbia family's ownership struggles in Phoenix with the Suns to eventually transfer to MLB as well.