David Samson: Jerry Reinsdorf's plan has always been to run the White Sox until he passes away

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Transcript

00:00What was your reaction when you saw the news break yesterday?

00:04I think it was people so badly misunderstood this news.

00:08The headline was White Sox sold, Jerry stepping down, the end of an era.

00:15Jerry Reinsdorf is going to keep running that team until he passes away, and that was always his plan.

00:21This change of control could happen when he's 98 years old.

00:25That's 2034.

00:27That's when Justin Ishpia has the right to take over.

00:30Now, in the years before that, Jerry Reinsdorf has the right to give him the team, meaning give over control, but that's never been his plan.

00:42From an estate planning standpoint, the Bulls were going to stay in the family, and the White Sox were going to be out of the family.

00:48This is just standard what he was going to do, and the announcement was done because the White Sox needed current-day capital infusion.

00:56And got it from Justin Ishpia in return for this future date, way far from now, of the carrot of taking over.