The Pohlad family has decided to retain majority ownership of the Minnesota Twins, ending months of speculation about the team's sale. After a detailed evaluation process and considering offers over recent months, the family announced it will no longer sell the franchise it has owned for 41 years. Instead, the Pohlad family plans to bring in two new minority partnership groups—one based in Minnesota and the other in New York—with substantial stakes but no controlling interest. This move, pending Major League Baseball approval, aims to strengthen the club's operations and help pay down debt. The valuation of these minority stakes aligns with the previously reported $1.7 billion asking price for the team. The decision to halt the sale surprised the team, its fanbase, and interested parties, with some observers noting that ownership reversals on sales have historically been followed by challenges on the field.
The Pohlad family stunned many by announcing it would retain majority control of the Twins. In recent history, ownership changing their mind about selling a team has meant oncoming struggles on the field. @AEricFisher looks at examples ⬇️
The misery index in Minnesota is on the rise. Yesterday the Twins' front office announced restructuring of its ownership rather than a sale, which some in the metro called the "worst case scenario." So what's next? https://t.co/Vl3F2Kk6bM https://t.co/0BEGNHwOkf
I gave up the Browns over Haslam's relentless idiocy (Watson hire however many years ago). I see with the tweets about DeShaun maybe playing that I made the right decision. (I will go back if say Steve Cohen or some other hedge fund billionaire buys them.)