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MLB Rumors: Jerry Reinsdorf Open to Selling White Sox After Historic Losing Season

Scott Polacek

Jerry Reinsdorf's tenure as the owner of the Chicago White Sox may be coming to an end in the future.

Brittany Ghiroli of The Athletic reported Wednesday that the 88-year-old is "open to selling" the American League Central team following an abysmal 41-121 season. He is also "in active discussions" regarding a potential sale.

Ghiroli noted those discussions have been with a group led by former Major League Baseball player Dave Stewart.

Reinsdorf would stand to make quite the profit with a sale, as he led the group that bought the team for approximately $20 million in 1981. Forbes ranked the White Sox as the 15th-most valuable MLB franchise in March with an estimated value of $2.05 billion.

"The news represents a significant change of stance for Reinsdorf," Ghiroli wrote. "The oldest majority owner in baseball, Reinsdorf has shown no previous public interest in selling the team—at least, not as long as he was around as majority owner. Reinsdorf has said several times that he has advised his heirs upon his death to sell the White Sox and keep the Chicago Bulls, where his son, Michael, is COO and team president."

Yet this potential change in stance comes after Chicago made the type of history teams do not want to make this past season.

It broke the modern MLB record for the most losses in a season, which previously belonged to the 1962 New York Mets. That New York team went 40-120-1, but the 2024 White Sox ended up losing one more game.

Reinsdorf released a lengthy statement after his team broke the record and called it "an embarrassing season" while telling the fans they "deserved better." He also said the team "will do everything we can to fix this for 2025 and the future" after a "completely unacceptable" result.

The season marked a third straight where the White Sox failed to reach the playoffs, and the immediate future isn't exactly incredibly bright.

After all, general manager Chris Getz said last month, "We're not gonna be working heavy in free agency. We've got guys on the field right now who need to improve their game. A lot of these guys are young players and need to make the adjustments to be more productive."

B/R's MLB team also ranked Chicago's farm system as a solid but unspectacular 13th in the league just last month, so there may not be a group of future players who will save the franchise in the short term.

Perhaps Stewart could help turn things around following a baseball career that included three World Series titles, a World Series MVP and two American League Championship Series MVPs as an excellent pitcher who became one of the faces of the Oakland Athletics.

Ghiroli noted he previously led a group that attempted to purchase Oakland's stake in the Oakland Coliseum and has been interested in starting an expansion MLB team in Nashville.

With that as the backdrop, Ghiroli wrote "it's unknown what Stewart's potential involvement would mean for the White Sox staying in Chicago long-term."

   

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