Pohlad Family Seeks At Least $1.7B to Sell Minnesota Twins Amid $425M Debt

The Pohlad family is seeking at least $1.7 billion to sell the Minnesota Twins, motivated in part by the franchise's significant debt of over $425 million, one of the highest in MLB. Despite assessing the market and receiving interest, the Pohlad family has deemed offers around $1.5 billion as unacceptable, complicating the sale process. The Twins' market challenges include a relatively small market size, declining attendance, and revenue issues from their ballpark lease and regional sports network. The franchise's valuation by Forbes and Sportico ranges from $1.46 billion to $1.7 billion. The sale process was reignited after Justin Ishbia, a potential buyer, chose to increase his stake in the Chicago White Sox instead. While MLB prefers a local buyer, the limited number of potential Minnesota-based investors adds another layer of complexity to the sale.