US EditionMinnesota Twins Adds Three Minority Owners as Tom Pohlad Becomes Executive Chair
- On Wednesday, Major League Baseball approved Craig Leipold, Glick Family Investments and George G. Hicks as limited partners, and Tom Pohlad will replace Joe Pohlad as executive chair and prospective Control Person.
- Amid pandemic-era TV and ticket revenue losses, the Pohlad family announced last year it was exploring a sale and earlier this year decided to retain control while seeking minority investors.
- Glick Family Investments, overseen by Simon Glick, joined as a multi-generational New York investor while Craig Leipold became a limited partner and George G. Hicks led a group of Minnesota business leaders.
- While welcoming minority partners, the Pohlad family remains the controlling owner and said the deal will let them pay down some debt and reset the club’s financial picture; Joe Pohlad, 43, outgoing executive chair, is stepping back after three years.
- Tom Pohlad, who has not worked for the club before, will need Major League Baseball approval as Control Person months after halted sale completed with purchase prices and stake sizes undisclosed.
39 Articles
39 Articles
Twins tap a different Pohlad to lead team
The Minnesota Twins revealed the team’s new investors, who include Wild owner Craig Leipold as a limited partner but not any former Twins players, as some fans had wondered about in the months since the partial sale was announced. Ownership also announced that Tom Pohlad would succeed his brother Joe as the person running day-to-day operations of the team, the Star Tribune reports. Legal documents and witness accounts reveal new information abou…
Minnesota Twins announce additions to team's ownership group
Four months after abandoning plans to sell the team, the longtime owners of the Minnesota Twins announced Wednesday that several new “limited partners” have secured stakes in the franchise. The new limited partners include Minnesota Wild owner Craig Leipold.
Minnesota Twins adds three minority owners as Tom Pohlad becomes executive chair
The Minnesota Twins are bringing in three new minority partners after an earlier attempt to sell the team fell through, with one of the investors already owning another major Minnesota sports franchise.
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