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

The young private equity mogul already has major stakes in three other professional sports teams — and he's building what's thought to be the most expensive home in Illinois history.

The Chicago White Sox have announced Jerry Reinsdorf and Justin Ishbia have reached a long-term investment agreement that establishes a framework for Ishbia to obtain a future controlling interest in the White Sox.