Minnesota Twins owners considering selling the team after 40 years in the Pohlad family
The Pohlad family says it's exploring a sale of the Minnesota Twins after 40 years of ownership
MINNEAPOLIS (AP) — After 40 years and three generations of owning the Minnesota Twins, the Pohlad family announced Thursday it's considering selling the team.
The Pohlads said they decided during the summer to explore a sale. The family has hired Allen & Company, a New York-based investment bank, to direct the process.
“For the past 40 seasons, the Minnesota Twins have been part of our family’s heart and soul,” Twins executive chair Joe Pohlad, the third-generation owner, said in the statement. “This team is woven into the fabric of our lives, and the Twins community has become an extension of our family. The staff, the players, and most importantly, you, the fans — everyone who makes up this unbelievable organization — is part of that. We’ve never taken lightly the privilege of being stewards of this franchise."
The process of selling pro sports teams can take months or even years, in the case of the NBA's Minnesota Timberwolves across the street. The Pohlads indicated they weren't in a rush: “After four decades of commitment, passion, and countless memories, we are looking toward the future with care and intention — for our family, the Twins organization, and this community we love so much.”
