The Chicago White Sox are not performing well and has set a modern record for losses with a 41-121 record in 2024. After this, perhaps there may be a shakeup in the team at the highest level.
As reported by the Athletic, White Sox owner Jerry Reinsdorf is open to selling the team. The 88-year-old was the leader of the group that purchased the White Sox pennies on the dollar. The transaction was gone through in 1981 for $20 million.
He has been the principal owner for a long time and controls about 19% of the ballclub. According to a report from Forbes, the White Sox team is now estimated to be worth $2.05 billion.
Jerry also owns the NBA’s Chicago Bulls and has long been said to be looking to offload his stake in either of these teams. Well, now it is reported that he is in active discussions with a group of prospective buyers led by former MLB All-Star Dave Stewart, as reported by The Athletic.
Stewart played in the league for 16 seasons, winning World Series rings and three postseason MVPs. That includes the 1989 World Series MVP as well. Post his playing days, he has been an agent and also served as the general manager of the Diamondbacks.
Here is what Jerry said when he introduced the then-new GM, Chris Getz.
“Friends of mine have said, ‘Why don’t you sell? Why don’t you get out?’ My answer always has been, ‘I like what I’m doing, as bad as it is, and what else would I do? I’m a boring guy. I don’t play golf. I don’t play bridge. And I want to make it better before I go.'”
In recent times, he has also been pushing for a stadium in Chicago with a lot of local taxpayer dollars involved.
After the historically bad 2024 season of the team, Jerry issued this statement.
“This year has been extremely painful for all, especially our fans. 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.”
