World News
Minnesota Twins Up for Sale?
Oct
The Announcement and Background
The Minnesota Twins, one of Major League Baseball’s historic franchises, have been put up for sale by their long-time owners, the Pohlad family. After months of internal discussion, the family decided to explore a sale, officially announcing the decision in October 2024. The Pohlad family has owned the team since 1984 when Carl Pohlad purchased it for $44 million from Calvin Griffith, preventing the franchise from relocating to Florida. The team’s sentimental connection to Minnesota remains paramount, and the family has emphasized their commitment to ensuring that new ownership will continue to prioritize the community.
The Team’s Legacy and Achievements
The Minnesota Twins have enjoyed a storied history within Major League Baseball. Known for their strong community ties, they have consistently been a beloved part of the Minneapolis–St. Paul region. Under the Pohlads, the Twins won two World Series championships, in 1987 and 1991, cementing their place as one of the league’s more successful franchises. These victories remain iconic moments in MLB history, particularly the dramatic seven-game 1991 World Series, often hailed as one of the greatest series of all time.
The Challenges of Recent Years
Despite the successes of past decades, the Twins have faced significant challenges in recent seasons. In 2024, they finished with a disappointing 82-80 record after an optimistic start. By mid-August, the team was well-positioned for a postseason run, but a late-season collapse saw them miss the playoffs and finish fourth in the AL Central. This recent downturn highlights the fluctuating fortunes of a franchise that has seen its ups and downs since its last World Series win in 1991.
The Financial Implications of the Sale
Valued at $1.46 billion by Forbes, the Minnesota Twins represent a significant investment opportunity for potential buyers. The team’s value has soared since the Pohlads’ initial $44 million purchase, reflecting both the overall growth of professional sports franchises and the Twins’ steady place in the league. Whoever buys the team will not only take on the responsibility of running the franchise but also the challenge of restoring it to postseason contention and possibly securing the franchise’s fourth World Series championship.
Future of the Franchise: Looking Ahead
As the sale process begins, the Pohlad family has made it clear they want the new ownership group to uphold the team’s values and remain connected to the community. This sale represents a major shift for both the team and its fans, many of whom have strong emotional ties to the Pohlad family. Looking forward, the sale offers the Twins an opportunity for reinvention and growth, while fans await the next chapter in the team’s storied history. Finding a new owner who can maintain this legacy will be critical to ensuring a prosperous future for the Twins.
From viraldes