Jerry Reinsdorf will have the option to sell his controlling interest in the Chicago White Sox to Justin Ishbia from 2029 to 2033.

The White Sox confirmed Thursday that they have reached a deal that will call for Ishbia, who's already owner of a small stake in the White Sox, to make new investments in the team in 2025 and 2026 to be used to pay down existing debt and support 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 in the franchise,