- Jerry Reinsdorf owns the Chicago Bulls.
- He also owns the MLB’s Chicago White Sox.
- Reinsdorf paid $16 million for the Bulls.
The Chicago Bulls have been under the same ownership since Michael Jordan’s rookie season in the NBA.
Jordan helped the Bulls win six championships and capitalised on their short NBA Finals odds.
With that said, who owns the Bulls? Let’s find out.
Who Owns the Chicago Bulls?
Jerry Reinsdorf owns the Bulls.
He also owns the MLB’s Chicago White Sox.
Reinsdorf was a lawyer and real estate investor.
How Many Owners Do the Chicago Bulls Have?
The Bulls have one owner, with several other limited partners as investors.
Reinsdorf is the general partner of the Bulls’ limited partnership, which grants him complete authority over the team’s operations.
How Much Did Jerry Reinsdorf Pay for the Bulls?
Reinsdorf paid $16 million for the Bulls.
He purchased the team from an ownership group that included Lamar Hunt, George Steinbrenner, Walter Shorenstein, Jonathan Kovler, Lester Crown, Philip Klutznick, and the estate of Arthur Wirtz.
Reinsdorf initially acquired 56.8% of the team, but he acquired Kovler’s 7% stake in the team in January 1986, bringing his interest to 63%.
How Much Are the Chicago Bulls Worth?
The Bulls are worth $5.8 billion, according to CNBC.
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