After nearly four decades of ownership, the Pohlad family has announced its decision to sell the Minnesota Twins. In a statement, the family confirmed months of deliberation led to the public decision: “The time is right to make this decision public.” To facilitate the process, the family has enlisted investment bank Allen & Company to assist in finding potential buyers.
The Pohlads’ tenure, dating back to 1984 when financier Carl Pohlad purchased the team for $44 million, is the fourth-longest in MLB ownership history. Under their stewardship, the Twins reached iconic heights with World Series victories in 1987 and 1991. Yet, recent years have been a rollercoaster, as the Twins have faced struggles on the field and have consistently ranked in the lower half of the league in payroll. Despite challenges, Sportico values the franchise at $1.7 billion, ranking them 19th among MLB teams.
This sale will be one of only a handful in recent years, following major acquisitions like Steve Cohen’s purchase of the New York Mets in 2020 and David Rubenstein’s acquisition of the Orioles in 2023. With the Twins’ sale likely attracting substantial interest, fans and analysts are left wondering what the next chapter holds for the franchise and its loyal Minnesota fan base.
