Jerry Reinsdorf and Justin Ishbia reached a long-term investment agreement that establishes a framework for Ishbia to obtain a future controlling interest in the Chicago White Sox, the team announced Thursday.

Ishbia will make capital infusions into the Sox as a limited partner in 2025 and 2026 that will be used to pay down existing debt and support ongoing team operations, the Sox said.

Reinsdorf will have the option to sell his controlling interest to Ishbia from 2029 to 2033. After the 2034 season, Ishbia would have the option to acquire the controlling interest.

The Sox said that in the event of any such transaction, all limited partners would have the opportunity to sell to Ishbia at that time. Ishbia’s brother, Mat, and father, Jeff, also will be significant investors.

The So

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