The Chicago White Sox on Thursday announced that Jerry Reinsdorf, the team's chairman and sole day-to-day decisionmaker for the club, has established the framework for a potential future sale of the team to Chicago-area entrepreneur and billionaire Justin Ishbia.

The announcement comes months after reports that Ishbia abandoned an effort to buy the Minnesota Twins and instead purchase additional shares in the White Sox. It also comes after reports that Reisndorf was open to selling the franchise.

According to the announcement, the "long-term investment agreement" says Ishbia will make capital infusions to the White Sox as a "limited partner" in 2025 and 2026, which will be used to pay down existing debt and support ongoing team operations.

From 2029 to 2033, Reinsdorf will have the op

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