The Chicago White Sox majority owner Jerry Reinsdorf is reportedly “open to selling” his stake in the team, as highlighted in a recent report from Fox Sports. This development comes amid “active discussions” between Reinsdorf and a buying group led by former MLB pitcher Dave Stewart, indicating a potential shift in the franchise’s ownership landscape.
The White Sox have struggled significantly, finishing one of the worst seasons in Major League Baseball history. With a staggering loss of 121 games, the team recorded a dismal 25.3% winning percentage, including lengthy losing streaks of 21, 14, and 12 games throughout the season.
In the past two seasons, Chicago has faced the harsh reality of losing over 100 games each year. Their last playoff appearance was in 2021, marking the last time they achieved a winning record. In fact, the White Sox have only managed to finish with a winning record twice in the last dozen years, specifically in 2021 and 2022.
On September 29, the final day of the regular season, Reinsdorf addressed the team’s loyal fan base through a letter, reflecting on the challenges faced during the disastrous 2024 season.
At 88 years old, Reinsdorf acquired the White Sox in 1981 for approximately $20 million. Since then, the franchise has only reached the playoffs seven times, with the pinnacle being their 2005 World Series victory. Forbes estimates Reinsdorf’s net worth at $2.1 billion, underscoring his significant financial influence in the sports world.
