A major city's MLB team could be sold, moved to another city
The city's NFL team is also in talks to move out of the downtown area.
The Chicago White Sox are having an abysmal MLB season, and now there’s suddenly chatter that the team may find itself a new home within the next decade.
The White Sox are considering options to move out of Guaranteed Rate Field, located south of Chicago’s downtown area, when its lease expires in six years, according to a report by Crain’s Chicago Business.
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The White Sox, which shares baseball in Chicago with the Chicago Cubs, could move somewhere within the city or potentially in the suburbs. The latter is similar to the option being explored by the Chicago Bears, who look like they may be moving from Soldier Field in downtown Chicago to a new stadium in Arlington Heights, a suburb northwest of Chicago.
The report also says that the White Sox could explore moving out of Chicago to Nashville.
The move is going to depend on the decision of owner Jerry Reinsdorf, who also owns the NBA’s Chicago Bulls, as the report says some believe the 87-year-old could explore selling the franchise. He initially purchased the franchise in 1981 for $19 million, and Sportico put the team’s valuation at $1.84 billion as of March 2023.
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The report also said that an anonymous Chicago developer is reportedly even preparing a bid for the team.
A statement by a spokesman to Crane’s makes it appear that the team’s options are open.
“We have not had any conversations about our lease situation, but with six years remaining, it is naturally nearing a time where discussions should begin to take place,” team spokesman Scott Reifert said to Crane’s.
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