Justin Ishbia, a prominent owner of the NBA’s Phoenix Suns, was previously considered a leading candidate to purchase the Minnesota Twins from the Pohlad family. However, reports indicate that he is now shifting his focus towards becoming the next owner of the Chicago White Sox, succeeding Jerry Reinsdorf.

“Ishbia has abandoned his bid for the team to instead acquire the White Sox.”

This statement signifies a notable change, as Ishbia had shown serious interest in the Twins. The Ishbia brothers, including Mat, were seen as suitors for the Twins as early as December. As the potential sale process progressed, Ishbia’s pivot has left the Twins’ organization in a state of surprise, as they scramble to reassess their options.

The Pohlad family had publicly indicated a desire to explore selling the franchise, and it remains to be seen if they will choose to retain ownership following Ishbia’s exit. Many high-profile teams have opted to stay under current management amid similar situations in recent years.

Business Overview

The Ishbia brothers acquired the Suns in late 2023, while Reinsdorf has owned the White Sox since 1981. The White Sox currently hold an estimated worth of $2.05 billion, whereas the Twins are valued at approximately $1.46 billion, making shifts in ownership particularly significant in the competitive sports market.