Statements from the Pohlad family or major news analysis

Pohlad Family to Explore Sale of Minnesota Twins Valued at $1.5 Billion After 40 Years

Oct 10, 2024, 03:47 PM

The Pohlad family has announced their intention to explore the sale of the Minnesota Twins, a Major League Baseball team they have owned for 40 years since 1984. Joe Pohlad, the executive chair, stated that the decision was made after months of thoughtful consideration. The family has hired Allen & Company to assist with the sale process. The potential sale comes as the team looks to manage its future payroll liabilities, including the contract of star player Carlos Correa. The franchise is valued at nearly $1.5 billion.