Historic Ownership Puts Minnesota Twins on the Market
The Minnesota Twins, a storied franchise with deep roots in the baseball community, are officially up for sale. After nearly four decades of ownership, the Pohlad family, whose stewardship began when Carl Pohlad purchased the team in 1984 for a relatively modest $43.5 million, has decided to explore new horizons. This landmark decision comes with the backdrop of the Twins' impressive growth, now valued at a substantial $1.46 billion according to Forbes.
Under the Pohlad family, the Twins reached significant heights, notably capturing World Series titles in 1987 and 1991, events etched into the annals of Minnesota sports lore. The team has also made ten additional postseason appearances, reinforcing its competitive stature within Major League Baseball. Despite their achievements, the recent seasons have shown a tempered performance, with the Twins closing the latest season at a 82-80 record, placing fourth in the AL Central.
For the Pohlads, the decision wasn't easy. Joe Pohlad shared heartfelt sentiments, emphasizing the profound connection his family has developed with the franchise and its community. "For the past 40 seasons, the Minnesota Twins have been part of our family's heart and soul. This team is woven into the fabric of our lives, and the Twins community has become an extension of our family," he expressed, highlighting the emotional resonance this decision holds for the family.
The Pohlad family's tenure has been marked by dedication and an intimate involvement with the Twins organization and its fans. Yet, after months of introspection, they concluded it was time to consider selling the team. "After months of thoughtful consideration, our family reached a decision this summer to explore selling the Twins," Joe Pohlad announced, underscoring the deliberate nature of this pivotal decision.
The announcement arrives at a transformative time for the team as they seek to balance legacy with future potential. The Pohlads are resolute in maintaining transparency throughout the sale process, prioritizing communication with all stakeholders, including the team, staff, and fans. "Our goal is to be as informative as possible with the team, staff, and you, the fans. You deserve that because in so many ways, this team doesn't belong to any one family – it belongs to all of you," Joe Pohlad remarked, reinforcing the significance of community in the team's journey.
Reflecting on four decades of stewardship that saw the Twins flourish both on and off the field, the Pohlads remain committed to a seamless transition for prospective owners and fans alike. "After four decades of commitment, passion, and countless memories, we are looking toward the future with care and intention – for our family, the Twins organization, and this community we love so much," Joe Pohlad stated, indicating a conscientious approach to the transition.
As the Twins organization embarks on this new chapter, the sale of the franchise is anticipated to generate significant interest from potential buyers eager to helm a team with such a rich history and robust fan base. The impact of this decision will undoubtedly reverberate throughout Major League Baseball and the broader sports landscape, marking the end of an era and the beginning of another for the illustrious Minnesota Twins.