NEW YORK — Ten months after the Pohlad family announced it was exploring a sale of the Twins, the family has decided that it will instead retain control over the team that it has owned for four decades.
“After a detailed and robust process, our family will remain the principal owner of the Minnesota Twins,” executive chair Joe Pohlad said in a statement on behalf of the family.
Twins Executive Vice President for Brand Strategy and Growth Joe Pohlad during a fashion show to introduce the team’s new logo and uniforms at the Mall of America in Bloomington on Friday Nov. 18, 2022. (John Autey / Pioneer Press)
Instead of selling the team fully, the Twins will take on two “significant limited partnership groups, each of whom will bring a wealth of experience and share our family values,” Pohlad said in the statement.
The family has owned the Twins since 1984, when Carl Pohlad purchased it for $44 million. After his death, his son Jim took over as chairman in 2009. Joe, Carl’s grandson, has been the organization’s executive chair since November 2022.
“We see and hear the passion from our partners, the community, and Twins fans,” Pohlad said in the statement. “That passion inspires us. This ownership group is committed to building a winning team and culture for this region, one that Twins fans are proud to cheer for.”
This is a developing story. Check back later for updates.
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