BREAKING: Pohlad Family Set To Sell Minnesota Twins
For the first time since 1984, the Minnesota Twins are for sale.
The Pohlad family announced via the Twins' website that they will explore a sale of the team this offseason:
“For the past 40 seasons, the Minnesota Twins have been part of our family’s heart and soul. This team is woven into the fabric of our lives, and the Twins community has become an extension of our family. The staff, the players, and most importantly, you, the fans – everyone who makes up this unbelievable organization – is part of that. We’ve never taken lightly the privilege of being stewards of this franchise.
“However, after months of thoughtful consideration, our family reached a decision this summer to explore selling the Twins. As we enter the next phase of this process, the time is right to make this decision public.
“We truly respect and cherish what the Twins mean to Minneapolis, St. Paul, the great state of Minnesota, and this entire region. Our goal is to be as informative as possible with the team, staff, and you, the fans. You deserve that, because in so many ways, this team doesn’t belong to any one family – it belongs to all of you. It’s our objective to find an ownership group who all of us can be proud of and who will take care of the Minnesota Twins.
“After four decades of commitment, passion, and countless memories, we are looking toward the future with care and intention – for our family, the Twins organization, and this community we love so much.”
Carl Pohlad bought the Twins for $43.5 million in 1984. Carl passed away in 2009 and left the team to his son, Jim Pohlad. The team is now worth about $1.5 billion and is run by Jim Pohlad's nephew, Joe.
The Twins were worth just $356 million in 2009 but saw the value of the franchise soar after opening the partially-publicly funded Target Field for the 2010 season.
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