The Twins have effectively been for sale for the better part of the past year, but it seems the current ownership group is instead embarking on a new path. Executive chair Joe Pohlad announced in a press release this morning that his family is no longer pursuing a sale of the majority stake in the franchise.
“Over the past several months, we explored a wide range of potential investment and ownership opportunities. Our focus throughout has been on what’s best for the long-term future of the Twins. We have been fully open to all possibilities,” Pohlad said in a prepared statement. “After a detailed and robust process, our family will remain the principal owner of the Minnesota Twins. To strengthen the club in a rapidly evolving sports landscape – one that demands strong partnerships, fresh ideas, and long-term vision – we are in the process of adding two significant limited partnership groups, each of whom will bring a wealth of experience and share our family values.”
More to come.
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