Jerry Reinsdorf, the owner of the White Sox since 1981, has seemingly picked a successor to eventually take the franchise from him in billionaire Justin Ishbia.

Billionaire private equity investor Justin Ishbia is in line to take over ownership of the White Sox from Jerry Reinsdorf, the team said in a release.

CHICAGO -- The Chicago White Sox have reached an agreement that will give Justin Ishbia, the brother of Phoenix Suns owner Mat Ishbia, the chance to buy a future controlling interest in the club.

Justin Ishbia will take full ownership of the Chicago White Sox in 2034, but that could actually come even sooner.

Jerry Reinsdorf, Justin Ishbia agree to deal on potential sale of White Sox The Sox’ chairman will have the option to sell controlling interest to Ishbia, a minority investor, from 2029 to 2033 ...

Per the agreement, Justin Ishbia will make capital infusions into the White Sox as a limited partner in 2025 and 2026. That will serve to trim existing debt and support ongoing team operations.

Billionaire Justin Ishbia and Chicago White Sox owner Jerry Reinsdorf have reached a long-term investment agreement that establishes a framework for Ishbia to obtain a future controlling interest ...