BREAKING: The Minnesota Twins are officially off the market, as executive chair Joe Pohlad announced this decision just moments ago on behalf of his family. After 10 months of exploring various ownership options, the Pohlad family will retain control of the franchise and seek new investors instead.
In a statement, Pohlad expressed, “For more than four decades, our family has had the privilege of owning the Minnesota Twins. This franchise has become part of our family story.” He emphasized the family’s commitment to the team’s future, stating, “We have been fully open to all possibilities.”
The Pohlads plan to bring in two “significant” limited partnership groups to inject fresh ideas and strengthen partnerships as they shape the franchise’s long-term vision. Details regarding these new investors will remain confidential until approval by Major League Baseball (MLB), Pohlad confirmed.
This announcement comes amid troubling trends for the Twins. The team is on track for its lowest attendance at Target Field in 16 seasons, and dissatisfaction among fans has risen due to a mandated payroll reduction last year. The situation worsened with the trade of 10 players leading up to the July 31 deadline, leaving many fans frustrated.
As Minnesota baseball fans continue to await a World Series title, last achieved in 1991, this news has the potential to further dampen spirits. “We see and hear the passion from our partners, the community, and Twins fans. That passion inspires us,” Pohlad added. “This ownership group is committed to building a winning team and culture for this region.”
The Pohlads’ decision to remain at the helm highlights their dedication to the franchise, which originated in 1961 as the Washington Senators. As the team looks to the future, fans will be watching closely for any updates on the incoming investors and their vision for revitalizing the Twins.
Stay tuned for more updates on this developing story as the Minnesota Twins navigate this pivotal moment in franchise history.
