The Reinsdorf family owns the Chicago White Sox and the Chicago Bulls and they have been making some big moves lately as an ownership group.
The Chicago White Sox and Chicago Bulls have been running under the same ownership for a long time now. Things have been pretty good in a lot of ways for both franchises under the Jerry Reinsdorf family. They have a combined seven championships between the two organizations. The Bulls won the NBA title six times in the ’90s while the White Sox won the World Series in 2005. He became only the third owner in the history of North American sports to win a title in two sports when the Sox won in ’05.
Well, for the last decade or so, the two teams haven’t had much success. The White Sox haven’t made the playoffs since 2008 and haven’t even had a winning season since 2012. The Bulls had a short elite stint in the Derrick Rose era but his injury and ultimate departure turned them into a joke of a franchise.
Well, in the past few seasons things have started to turn the corner. It came first with the White Sox. Under Reinsdorf, Rick Hahn had the okay to execute a long hard rebuild for the White Sox. It might have hurt the bottom line in the ugliest years of the rebuild but it was the right move for the organization in the long term. They now have a great young core which could make them one of the most exciting teams in the league in short order.
Reinsdorf has been known as “cheap” during his time. Well, now that the White Sox believe they can turn the corner, they have spent big money in free agency. A lot of money has been given to the likes of Yasmani Grandal, Edwin Encarnacion, Dallas Keuchel, and Gio Gonzalez. He has shelled out the cash needed to get this thing turned around.
As for the Bulls, things have been extra bad for a few years now. Under the leadership of John Paxson and Gar Forman, they have really been bad. Well, the Reinsdorf family has finally made a change. It came out on Wednesday night that they have a deal with Denver Nuggets GM Arturas Karnisovas, via ESPN’s Adrian Wojnarowski.
The fact that they are bringing in a guy like Karnisovas is great. He has a winning pedigree as he has helped Denver become one of the best teams in the Western Conference. Hopefully, the White Sox and Bulls are both able to become superteams in the not so distant future. It is nice to see Jerry Reinsdorf change the narrative about him in recent years because it is helping both teams.