The longtime owner of the Chicago White Sox has agreed to sell the team to minority owner Justin Ishbia, who has ties to a Nashville sports franchise.

Jerry Reinsdorf will have the option to sell his controlling interest in the Chicago White Sox to Justin Ishbia from 2029 to 2033.

Ishbia, a part-majority owner of the Phoenix Suns in the NBA, was believed to be a favorite to buy the Twins in 2024. He instead, however shifted his focus to the White Sox, where he and his brother were already minority owners.