The Chicago White Sox appear to be heading towards new ownership, but not for a while.

On Tuesday, the team announced a “long-term investment agreement” had been made between owner Jerry Reinsdorf and billionaire Justin Ishbia that “establishes a framework" for Ishbia to take a controlling share of the franchise down the road.

Per the team’s statement:

Ishbia, brother to and co-investor with Phoenix Suns owner Mat Ishbia, is already a minority investor in the White Sox, but now looks to potentially see his share of the franchise increase into a controlling interest.

Ishbia had previously been connected to potentially purchasing the Minnesota Twins, but has since refocused, and apparently come to terms, on a deal of sorts with the White Sox.

“Having the incredible opportunity to own the Chicago White Sox and be part of Major League Baseball for nearly 50 years has been a life-changing experience,” said Reinsdorf in the team’s announcement. “I have always expressed my intent to operate the White Sox as long as I am able and remain committed to returning this franchise to the level of on-field success we all expect and desire.”