Reinsdorf Facing 9-Figure Losses Amid Pandemic

Jerry Reinsdorf owns the White Sox and the Bulls.

670 The Score Staff
July 15, 2020 - 2:16 pm

(670 The Score) White Sox and Bulls owner Jerry Reinsdorf is facing financial losses that "are in the nine figures" combined across his two franchises amid the coronavirus pandemic, he told USA Today in a story that published Wednesday.

Most of that financial loss will come on the baseball side, with the season shortened to 60 games without fans in the stands.

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"The two teams and the stadium all have expenses," Reinsdorf told USA Today. "None have income. That’s a bad business model. The Bulls got to play 75% of the season, so the losses aren’t bad. We had a lousy season, so we weren’t going to be in the playoffs, anyway. But the baseball losses are tremendous."

Reinsdorf expressed hope that this baseball season will be completed.

"If the players take this seriously, I think we can get through the season," Reinsdorf said, according to USA Today. "I know our players are taking it very seriously. I know they discussed it among themselves and pleaded not to take chances. Don’t go to bars or clubs. Just stay home."

Reinsdorf's primary concern now lies with the MLB season in 2021. The return-to-play negotiations between the league and players' union was ugly throughout the past few months, and future labor harmony is in doubt.

"I’m very worried about next year," Reinsdorf said. "I don’t know how much money we are going to lose. There are just so many unknowns. When we had the long layoffs in ’81 and ’94 (with baseball’s work stoppages), we had some idea it was going to end. And once it ended, we would be back to normal. We not only don’t when this will end, but when will normal come back?"