US EditionPohlads to Maintain Ownership of Minnesota Twins, Add 2 Limited Partners
The Pohlad family will add two minority limited partners to address $400 million in debt and bring fresh perspectives to the Minnesota Twins' long-term strategy, MLB approval pending.
- On Wednesday, Joe Pohlad announced that the Pohlad family has decided to keep ownership of the Minnesota Twins and will not proceed with selling the team.
- Over the last several months, the family considered multiple ownership and investment possibilities amid financial difficulties and growing fan dissatisfaction.
- The Twins traded 10 players by the July 31 deadline and faced ownership-mandated payroll reductions, contributing to low attendance and fan dissatisfaction.
- Pohlad stated that the family is in the process of partnering with two key investor groups to introduce new perspectives, strengthen important relationships, and guide the franchise’s future direction.
- The Pohlad family will continue as the primary owners while welcoming new investors, demonstrating their dedication to fostering a successful team and strong community spirit in the region.
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Pohlad family reveals intentions for Minnesota Twins
The Pohlad family balks at selling the Minnesota Twins. WCCO TV reports the family will keep the team after saying earlier they would put them on the market. The announcement follows “double-digit trades, the Twins managed to jettison roughly 40% of their team. Foremost among those departures was shortstop Carlos Correa.” The ballot is set in the Sept. 16 election that will decide who will fill the late-Rep. Melissa Hortman’s seat, after she and…
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Total News Sources75
Leaning Left20Leaning Right12Center21Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 38%
C 40%
R 23%
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