The Twins ushered in a new era of ownership on Wednesday, revealing the identities of those who will join the Pohlad family in team ownership after a 14-month process that initially began with an exploration of a team sale.

A group of what the team calls “principal investors” includes Glick Family Investments, a New-York based family, Värde Partners co-founder and co-executive chair George G. Hicks, and other notable Minnesota business leaders. Wild owner Craig Leipold is joining as a limited partner after purchasing a smaller stake in the team.

“I don’t think we could have dreamed up a better group of people to join our family in the ownership of the Twins,” Tom Pohlad said. “They are just high-quality people.”

Tom Pohlad, the grandson of Carl Pohlad, who bought the franchise in 1984, has been running the sale on behalf of the family since last fall. As such, he has built relationships with all of the involved parties and on Wednesday, the Twins announced he would take over for his brother, Joe, as the team’s executive chair.

Pending MLB approval, Tom Pohlad also is expected to take over as the team’s Control Person in dealings with the league, a role his uncle Jim Pohlad currently holds. The new investors will sit on an advisory board alongside members of the Pohlad family, which remains in control of the team.

“I view that board as an opportunity, as a place to help push us as a family on how we get to where we want to go,” Tom Pohlad said. “I think it’ll be a healthy sense of accountability for us as owners, but I think they will be really good strategic thought partners for us. … They are advisers, but I think it’s in the best interest of the organization to lean on their creative thinking and look at this through a different lens.”

So, who are the new owners?

Pohlad described the Glick family as “smart investors” who are collaborative and patient. Glick Family Investments is run by Simon Glick, the son of Louis Glick, who built the family’s fortune in the diamond-trading industry.

“They’re long-term oriented,” Tom Pohlad said, noting that the New Yorkers have swapped their Yankees gear for Twins gear. “They understand that the real opportunity in this organization comes with winning more baseball games. … They’re not looking at it only from a financial lens.”

Hicks, a former Cargill Financial executive who began global investment firm Värde Partners, is a Minnesota native and self-described “lifelong Twins fan” who graduated from Gustavus Adolphus College before earning his J.D. from the University of Minnesota Law School.

“Like many in the state, some of my favorite memories are of times spent watching and cheering for the Twins,” he said in a statement. “The leaders I represent share these values and recognize the importance of Twins baseball to our communities. This is the opportunity of a lifetime and one we view as a true privilege and responsibility.”

As for Leipold, Tom Pohlad said the two got to know each other throughout the sale process as he was trying to connect with other sports owners in the market.  Leipold bought the Nashville Predators in 1997 before selling and buying the Wild in 2008.

While Pohlad declined to get into what percentage of the team each partner bought, he said this deal will help the Twins achieve their “primary objective,” which he described as putting the organization onto better financial footing. In recent years, the Twins have accrued a considerable amount of debt — around $500 million — and have slashed payroll as a result.

“With these proceeds, we’re able to pay off a significant amount of debt and that will allow us to reinvest in this team when the time is right,” Tom Pohlad said.

Pohlad said he thought the team, which lost 92 games last season, was “within reach” of winning the American League Central this year, and Twins president Derek Falvey said this month he expects to make additions this offseason to build around a core of proven veterans such as Pablo López, Joe Ryan and Byron Buxton. But Pohlad added that he doesn’t think now is the right time to “put a significant investment into the team of 50 or 60 million dollars.”

“But I don’t think we’re far off from that,” he added. “I think the hard work in front of us is getting people to believe and fans to buy in, to believe that we are committed to a championship-caliber investment and team. I would tell you that Rome wasn’t built in a day.”

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By DEE-ANN DURBIN, Associated Press

Delivery company Instacart will pay $60 million in customer refunds under a settlement reached with the Federal Trade Commission over alleged deceptive practices.

The FTC said Thursday that Instacart has been falsely advertising free deliveries. The San Francisco-based company isn’t clearly disclosing service fees, which add as much as 15% to an order and must be paid for customers to receive their groceries, the FTC said.

Instacart has also failed to clearly disclose that customers who enroll in a free trial for its Instacart+ program will be charged membership fees at the end of the trial. The FTC said hundreds of thousands of customers have been charged but have received no benefits from memberships or refunds. Instacart+ offers members free deliveries on most orders for $99 per year.

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The FTC said Instacart also advertises a “100% satisfaction guarantee,” but customers who experience late deliveries or unprofessional service are typically only offered a small credit that can be used toward a future order and not a refund.

“The FTC is focused on monitoring online delivery services to ensure that competitors are transparently competing on price and delivery terms,” said Christopher Mufarrige, the director of the FTC’s Bureau of Consumer Protection.

Instacart denied the FTC’s allegations of wrongdoing Thursday but said it reached a settlement in order to move forward and focus on its business.

“Instacart is proud to offer a transparent, affordable and consumer-friendly service. We provide straightforward marketing, transparent pricing and fees, clear terms, easy cancellation and generous refund policies – all in full compliance with the law and exceeding industry norms,” the company said in a statement.

The settlement comes as Instacart is facing a separate probe by the FTC into its pricing practices.

Earlier this month, a report by Consumer Reports and two progressive advocacy groups — Groundwork Collaborative and More Perfect Union — found that Instacart charged different prices for the same grocery items even though online shoppers were filling their Instacart baskets at the same time and at the same stores.

The report suggested that Instacart may be using artificial intelligence tools to drive up costs for consumers. Instacart confirmed Thursday that the FTC has requested information on its pricing tools and the pricing practice of the retailers it works with.

In its own blog post Thursday, Instacart stressed that it isn’t a retailer and doesn’t control base prices listed on its website. It said retailers often test prices in order to see how sensitive consumers are when prices go up or down, and that’s what was happening in Consumer Reports’ case.

Instacart also said the company and its retailers don’t use information about shoppers’ income, zip code or shopping history to set prices.

Instacart said it encourages retailers to charge the same amount on its website as they charge for in-store shoppers. Some retailers, including Lowe’s, Ulta Beauty and Best Buy, already do that, Instacart said, but many others don’t.

Kevin Garnett is back — a big win for Minnesota — though the Big Ticket wasn’t complimentary.

The Timberwolves and Lynx announced the return of the greatest player in Wolves franchise history on Thursday in the role of “team ambassador.” Reports stated the organization had reached an “agreement” to bring Garnett back into the fold, with financial compensation attached.

Minnesota announced Garnett will “serve in a visible and active role” by attending a few home games, championing community initiatives and “helping shape the teams’ stories through exclusive content.”

Appearance fees are common. Name, Image and Likeness is the new standard operating procedure in the sports realm across all levels. Garnett should be paid for his time and contributions.

His now agreed upon jersey retirement — the date and details of which will be announced later — was also included. It is a little weird to have to negotiate a jersey retirement. Did Boston have to do the same when it raised Garnett’s jersey into the rafters three and a half years ago?

But whatever price Minnesota had to pony up was a worthwhile.

Because as great as it was to have Wally Szczerbiak be welcomed back with a personalized rubber ducky this season, and to celebrate franchise milestone anniversaries with the likes of J.R. Ryder and Latrell Sprewell, the centerpiece of Minnesota’s franchise history has been absent for a decade — since, Garnett alleged, Glen Taylor reneged on a deal to allow him to obtain a share of team ownership.

Every corporation emphasizes the importance of telling its story; the Timberwolves have had to tiptoe around theirs because the man who built much of it refused to show his face in the team’s facilities. Naz Reid is in his seventh season with the Wolves and noted Thursday he has never met Garnett.

FILE – In this Feb. 24, 2015, file photo, Minnesota Timberwolves star Kevin Garnett speaks during an NBA basketball news conference in Minneapolis. On Thursday, Dec. 18, 2025, the Wolves announced that Garnett will rejoin the organization in an ambassador role. (AP Photo / Jim Mone, File)

While Garnett won’t have a role in basketball operations, he’ll certainly be around the building and, thus, the players at least on occasion. Still active in NBA media, the Hall of Famer remains an avid fan and follower of today’s game.

In a joint statement, majority owners Marc Lore and Alex Rodriguez said Garnett is “synonymous with the Minnesota Timberwolves.”

“He is the greatest player in Timberwolves history, and his impact on our franchise and community is immeasurable,” the statement read. “This is more than a reunion — it’s a statement about honoring our past while pursuing excellence and building one of the most admired sports organizations in the world. We couldn’t be prouder to welcome him home.”

The runway to a reunion was cleared when the primary target of Garnett’s disdain — now former majority owner Taylor — officially relinquished team control to the tandem of Lore and Rodriguez.

Since entering the fold four years ago, Lore and Rodriguez have repeatedly heard about the fanbase’s yearning to have Garnett’s jersey hoisted into the rafters at Target Center, a ceremony the former NBA MVP had previously refused. To the new ownership’s credit, they made it their mission to check that box that was so important to local supporters.

“I know it’s been a priority for Marc and Alex … to be able to reach out and to bring KG back into the fold,” Wolves coach Chris Finch said. “It’s an exciting time, for sure.”

Kelly Laferriere, an advisor to the Wolves’ new ownership group, was said to have played a big role in bringing the two parties together. Trust was established over the past four years to the point where Garnett finally agreed to a reunion.

“I’m thrilled to be back home,” Garnett said in a statement. “Minnesota is where it all began, where I was young, hungry and learning how to compete at the highest level. I’m excited to be back in the Twin Cities at a time when Marc and Alex are setting a bold new vision for this franchise. Their leadership has brought fresh energy to the organization, and I’m excited to help build what’s next for the Timberwolves, our fans and this community.”

There is little doubt ownership will see a healthy return on their investment.

Now Garnett can be prominently featured on social media and in-arena videos sure to produce massive engagement and excitement from a fan base that still widely sports No. 21 jerseys. He can do voiceover for videos. He can toss T-shirts into stands. He can connect the dots between the last successful run of Wolves’ basketball two decades ago to the current one.

You can’t put a price on that.

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By JOSH BOAK and MICHELLE L. PRICE, Associated Press

WASHINGTON (AP) — The “Warrior Dividend” that President Donald Trump announced during his televised address to the nation Wednesday is not a Christmas bonus made possible by tariff revenues, as the president suggested.

Instead, the $1,776 payments to troops are coming from a congressionally-approved housing supplement — money they were already set to receive — that was a part of tax cut extensions and expansions bill signed into law in July. Trump’s administration identified the source of the “dividend” payments Thursday.

In his remarks, Trump alluded to his “One Big Beautiful Bill Act” playing a role, but suggested that tariffs were largely responsible for the payments already on the way to 1.45 million members of the military.

“We made a lot more money than anybody thought because of tariffs and the bill helped us along. Nobody deserves it more than our military,” he said in announcing what he described as a “dividend.”

Trump has teased the idea of using his sweeping tariffs on imports to give Americans dividends ever since he imposed them in April. But these new payments are being disbursed by the Pentagon from a $2.9 billion military housing supplement that was part of Trump’s “One Big Beautiful Bill Act” to augment existing housing allowances, according to a senior administration official who requested anonymity to describe the payments.

The amount of the payments is a nod to next year’s 250th anniversary of the signing of the Declaration of Independence in 1776. In total, the measure is expected to cost $2.6 billion.

Trump’s announcement comes as he’s faced pressure to show he’s working to address rising costs for Americans, with prices remaining stubbornly high as the president has imposed double-digit tariffs on imports from almost every country. Trump has promised to lower prices, but he has struggled to do so. Inflation hit a four-decade high in June 2022 during Joe Biden’s presidency and then began to fall. But inflation has stayed elevated under Trump in part because of his tariffs.

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It’s not the first time Trump has brandished ‘dividends’

Sending money to voters is a timeworn tool for politicians and one that Trump has repeatedly tried to use, including this year.

Trump has for months suggested every American could receive a $2,000 dividend from the import taxes — an effort that seemed designed to try to shore up support for tariffs, which the president has said protect American industries and will lure manufacturing back from overseas.

But that particular pledge appeared to exceed the revenues being generated by his tariffs, according to a November analysis by the right-leaning Tax Foundation. The analysis estimated that the $2,000 payments being promised to taxpayers could add up to between $279.8 billion and $606.8 billion, depending on how they were structured.

The analysis estimated that Trump’s import taxes would produce $158.4 billion in total revenue during 2025 and another $207.5 billion in 2026. That’s not enough money to provide the payments as well as reduce the budget deficit, which Trump has also claimed his tariffs are doing.

Earlier this year, as his Department of Government Efficiency was slashing the U.S. government and its workforce, Trump had briefly proposed sending a DOGE “dividend” back to U.S. citizens.

Neither the tariff dividend or DOGE dividend has come to fruition, and members of Trump’s own party as well as officials in his administration have expressed some skepticism about the idea. There is also the risk that the payments being promised by Trump could push up inflation, as they would likely spur greater consumer spending. Republican lawmakers argued in 2021 that the pandemic relief package from then-President Biden — which included direct payments — helped trigger the run-up in inflation.

Associated Press writers Konstantin Toropin and Lisa Mascaro contributed to this report.