CHICAGO -- Billionaire private equity investor Justin Ishbia is in line to be the next owner of the Chicago White Sox , according to a news release issued by the team Thursday.

Ishbia, 47, and current owner Jerry Reinsdorf, 89, have entered into a "long term agreement" which could lead to Ishbia taking over the team as soon as 2029 or late as 2034. In the interim, he'll make capital infusions into the White Sox in 2025 and 2026 as a limited partner, paying down debt while helping "support on-going team operations," according to the release.

From 2029 to 2033, Reinsdorf will have the option to sell controlling interest to Ishbia, the agreement states. If a deal isn't completed by then, Ishbia then will have the option to take over after the 2034 season. Until that point, Reinsdorf will

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