The Pohlad family, owners of the Minnesota Twins, have decided against selling the team.
Instead, they will accept minority investments from two groups.
This decision comes after the family initially explored selling the team 10 months prior.
The owners of the Minnesota Twins said Wednesday they will not explore a sale and the team will remain under family control.
The Pohlad family instead says they have agreed in principle to take on minority investment from two different groups, just 10 months after announcing plans to sell the franchise.
‘After a detailed and robust process, our family will remain the principal owner of the Minnesota Twins,’ the family said in the statement. ‘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.’
The family has owned the team since 1984, when Carl Pohlad bought the team for $44 million from Calvin Griffith, and the Pohlad children inherited the Twins upon his death in 2009. Pohlad’s grandson, Joe, is the team’s executive chair.
The Twins are valued at $1.5 billion, according to Forbes Magazine, which ranks 23rd out of 30 MLB teams. Their 2025 payroll sits at $142,762,022, with their highest-paid player this season being pitcher Pablo López, who is making $21.75 million.
Minnesota is 56-63 and currently in fourth place in the American League Central. At the trade deadline, the team went into fire sale mode, trading 10 players, including shortstop Carlos Correa, who was sent to the Houston Astros, and relief pitcher Jhoan Duran, who was shipped off to the Philadelphia Phillies.