After the worst season in Major League Baseball history, Jerry Reinsdorf is now apparently seriously considering selling the Chicago White Sox.

According to The Athletic's Brittany Ghiroli, Reinsdorf is both open to the idea and in active discussions with a potential buyer for the White Sox. It is unclear how far those talks – which are reportedly being held with a group led by former player, coach and manager Dave Stewart – have progressed.

Reinsdorf first purchased the White Sox in 1981 for around $20 million, making him the league's second-longest active owner, behind the Steinbrenner family, which owns the New York Yankees. According to Forbes' latest estimates, the White Sox are now worth just over $2 billion. They are the 15th most valuable team in the league.

The 88-year-old Reinsdorf is the majority owner of the White Sox and owns almost 20%. The White Sox have only made the playoffs six times under his leadership, most recently in 2021, although they did win the World Series in 2005. This was the franchise's first title since 1917.

The White Sox went 41-121 that year, setting the MLB record for most losses in a single season. The team also fired manager Pedro Grifol in August after he held the job for less than two years. Of course, their performances led to numerous calls from fans for him to sell the team.

The season was “a failure,” Reinsdorf said in a letter to fans last month.

Reinsdorf also owns the NBA's Chicago Bulls. He bought the team in 1985 for about $16 million and oversaw its dominant leadership, led by Michael Jordan, that produced six titles in eight years. The Bulls are now valued by Forbes at $4.6 billion, making them the sixth most valuable team in the league.

So far, Reinsdorf has shown no public interest in selling the White Sox. He has said he wants his heirs to sell the White Sox and keep the Bulls after his death. Reinsdorf's son Michael is the current COO and team president of the Bulls.

It's unclear when the sale of the White Sox will be completed, if at all, or whether Stewart's ownership group will be part of that deal. Stewart won three World Series titles as a player and his ownership group was involved in an attempt to secure both an MLB expansion team and an NWSL team in Nashville. The White Sox's current lease at Guaranteed Rate Field runs through 2029, although Reinsdorf and the team have pushed for a new stadium in the Chicago area. It's unclear whether Stewart would seek to move the team to Tennessee.

Regardless of what the future holds for the organization, Reinsdorf finally appears ready to part ways with the White Sox.