Pohlad Family Pulls Minnesota Twins Off Market, Will Stay Majority Owners

MINNEAPOLIS, MN — After months of exploring a sale, the Pohlad family announced Wednesday it will remain the principal owner of the Minnesota Twins while adding two new limited partnership groups.

"For more than four decades, our family has had the privilege of owning the Minnesota Twins," the statement began. "This franchise has become part of our family story, as it has for our employees, our players, this community, and Twins fans everywhere."

The Pohlads said they had explored "a wide range of potential investment and ownership opportunities" in recent months, with a focus on what would be best for the team’s long-term future.

"We have been fully open to all possibilities," they said.

After a "detailed and robust process," the family decided to keep control while partnering with two investment groups, "each of whom will bring a wealth of experience and share our family values."

The letter also addressed the changing sports landscape, saying it "demands strong partnerships, fresh ideas, and long-term vision" to strengthen the club.

"We see and hear the passion from our partners, the community, and Twins fans. That passion inspires us," the statement read. "This ownership group is committed to building a winning team and culture for this region, one that Twins fans are proud to cheer for."

Carl Pohlad bought the Twins in 1984 for about $44 million. In October 2024, the family confirmed it was exploring a sale, and was reportedly seeking at least $1.7 billion.

Announcement follows roster fire sale

The Pohlad family’s decision comes on the heels of a stunning trade deadline that, for many fans, cemented the belief that ownership is not committed to on-field success.

Carlos Correa, Jhoan Duran, Griffin Jax, Willi Castro, Ty France, Chris Paddack, Louis Varland, and others were dealt in a rapid series of trades that slashed tens of millions from future payroll, and with them, any pretense of seriously competing in the near future.