After a historically poor season that saw the Chicago White Sox break the modern MLB record for most losses, owner Jerry Reinsdorf is reportedly open to selling the team.

This potential sale represents a significant shift for Reinsdorf, who has previously shown no public interest in selling during his long tenure.

Reinsdorf, who purchased the White Sox in 1981 for approximately $20 million, has overseen the team making the playoffs only seven times, with the highlight being their 2005 World Series victory.

The White Sox have struggled in recent years, recording a winning record only twice in the past twelve seasons, with the last playoff appearance in 2021.

Reinsdorf has been advocating for a new stadium in the South Loop area, part of a development project known as 'The 78,' but has faced significant resistance in securing state funding.

Currently, Reinsdorf is engaged in discussions with a potential buyer group led by former MLB player Dave Stewart, although the outcome remains uncertain.

Illinois Governor J.B. Pritzker has expressed reluctance to commit state funds for the new stadium, citing concerns about the long-term return for taxpayers.

The White Sox still owe over $50 million in bonds from the construction of Guaranteed Rate Field, which opened in 1991 under public financing.

The current lease for Guaranteed Rate Field runs through 2029, but discussions about a new stadium have been ongoing amidst the team's struggles.

Chicago's farm system is ranked 13th in the league, indicating a lack of immediate talent to improve the franchise's fortunes.

The team's poor performance included multiple lengthy losing streaks, with notable stretches of 21, 14, and 12 games.

Following the dismal season, the team fired manager Pedro Grifol, who had a record of 28-89, resulting in a combined record of 89-190 under his management since 2023.