Pohlad Family Explores Sale of Minnesota Twins

The Pohlad family, who have owned the Minnesota Twins since 1984, have announced their intent to explore selling the franchise after a disappointing season that saw the team miss the playoffs. Executive Chair Joe Pohlad emphasized the deep connection the family has with the team and the community, stating that they are committed to finding an ownership group that respects the Twins' legacy. This decision comes in light of ongoing criticisms regarding the family's management and decision to cut payroll by $30 million, which many fans blame for the team's performance. The Twins' value has skyrocketed to approximately $1.7 billion, reflecting a significant increase since the Pohlads purchased the team for $44 million. They have engaged investment bank Allen & Company to assist in the sale process, indicating their seriousness about transitioning ownership. This potential sale may mark a new chapter for the franchise, which has been under the same family ownership for four decades.