Chicago Sun-Times
with sports reporters Daryl Van Schouwen and Chris De Luca

Reinsdorf tells family to sell Sox after he's gone but keep Bulls

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Some day the Reinsdorf family probably won't have ownership rights in the White Sox.

But that day will be after patriarch Jerry Reinsdorf, who helped buy the team in 1981, is gone.

The topic of future ownership of the Sox arose in a story released Tuesday by SportsBusiness Journal, which is honoring Reinsdorf in New York Wednesday night with its Lifetime Achievement Award.

The publication interviewed Reinsdorf, 77, about his longtime sports ownerships in Chicago, focusing primarily on the Bulls, which he bought in 1985.

But the story includes a reference that the ``family succession plan calls for the Reinsdorfs to retain their stake in the Bulls while selling the White Sox. Michael Reinsdorf [Jerry's son and current president of the Bulls] will take his father's place [as chairman.]''

Not exactly.

``Jerry is still going strong, so we are all hopeful he will be around for a very long time,'' said Scott Reifert, Sox senior vice president of communications and a longtime friend of the team chairman. ``As he said just today, he recognizes that he may be in the fourth quarter, but he's playing for triple overtime.''
Reinsdorf also said during his interview with the publication ``he intended to be here for the 2033 MLB All-Star Game,'' Reifert added.
That would be the 100th anniversary of the first All-Star Game held at old Comiskey Park.
``Certainly, nothing is definitive, and right now we will address succession after the 2033 All-Star Game,'' he quipped.
Reinsdorf has often joked to those close to him his recommendation would be to sell the Sox, ``but he always added jokingly he wouldn't have a vote then,'' one friend said.
Reinsdorf is in his 33rd year at the helm of the Sox, matching club founder Charles Comiskey for the longest ownership tenure in the team's history. He and Eddie Einhorn, vice chairman, led a group of investors who bought the team from Bill Veeck. Reinsdorf was and remains the managing partner with decision-making authority.
The team's 2005 World Series championship has been his crowning achievement, but Reinsdorf has gained as much prominence in recent years for his philanthropic work through both White Sox Charities and CharitaBulls and for efforts to promote diversity in the sports.

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This page contains a single entry by Toni Ginnetti published on May 21, 2013 6:17 PM.

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