Credit: Bruce Kluckhohn-Imagn Images I would say that the Pohlad family has been a stain on the Minnesota Twins franchise throughout their 41 year ownership tenure, but that would be putting it lightly. After ten months with the team up for sale, they stunningly took them off the market on Wednesday morning. It was a shocking change in direction, even …
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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 and will instead sell …
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After 10 months of exploring a sale, the Pohlad family announced in a statement Wednesday it would retain ownership of the Twins while adding on two minority ownership groups. Less than a month after commissioner Rob Manfred confidently stated “there will be a transaction,” the family issued the statement saying it will continue a stewardship it began in 1984 when …
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The surprising conclusion to the Pohlad family’s “exploration of a sale,” as Pohlad put it last October, came after Allen & Co., the private investment bank he hired to conduct the sale, identified, interviewed and investigated “several” potential buyers, he said. The Twins even conducted tours of Target Field for interested bidders. “We explored a wide range of potential investment …
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At least, that’s what the sentiment on social media and sports talk shows in town has been. Indications were that the team was on track to be sold. Even Commissioner Rob Manfred, during the All-Star Break, felt confident that a transaction would be made. So something went haywire. After Baltimore sold last season for $1.7 billion and the Rays are …
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