UPDATE: The Minnesota Twins are no longer for sale, as the Pohlad family confirmed today. Executive chair Joe Pohlad announced this pivotal decision on Wednesday, stating that after ten months of exploring ownership options, the family will instead seek new investors to join them in leading the franchise.
This significant announcement comes amid ongoing challenges for the team, including declining attendance at Target Field, which is projected to hit its lowest level in 16 seasons. The Twins, who have been a part of the Minnesota community since relocating from Washington in 1961, are looking to add two “significant” limited partnership groups to revitalize their operations and vision.
“For more than four decades, our family has had the privilege of owning the Minnesota Twins,” Joe Pohlad stated. “This franchise has become part of our family story, as it has for our employees, our players, this community, and Twins fans everywhere.”
The Pohlad family, who purchased the Twins for $44 million in 1984, aims to enhance their ownership structure with fresh ideas and critical partnerships. While specific details regarding the new investors remain confidential pending Major League Baseball approval, the family is committed to ensuring the long-term success of the franchise.
Recent decisions, including a mandated payroll reduction and trading ten players before the July 31 deadline, have contributed to dissatisfaction among fans. Joe Pohlad acknowledged the passionate support from the community, emphasizing the ownership group’s dedication to building a winning team.
“We see and hear the passion from our partners, the community, and Twins fans. That passion inspires us,” Pohlad added. “This ownership group is committed to building a winning team and culture for this region, one that Twins fans are proud to cheer for.”
The news that the Pohlads will remain as the principal owners may not uplift the morale of Minnesota baseball fans, who have endured a World Series title drought since 1991. As the team navigates these changes, the focus will remain on enhancing the franchise’s future and rebuilding its connection with the fan base.
What happens next? Fans and analysts alike will be closely monitoring the announcement of new investors and the potential impact on the team’s performance and community engagement. With the season progressing, the urgency for change within the organization has never been greater.
Stay tuned for further updates on this developing story as the Minnesota Twins look to reshape their future.
