According to several media reports, the ownership of Minnesota Twins is progressing to visit many potential buyers and meet with the Pohlad family.
Since 1984, the Pohlad family announced in October 2024 that the franchise was for sale, with a price of $ 1.7 billion. Pohlads maintained the investment bank Alan & Co. to guide the possible sales.
Front Office Sports said on Wednesday that after the process stopped earlier this year, a sale is towards the speed. Billionaire Suuts Matt and Justin Ishabia ended their interest in buying the team and instead, according to reports, raised their stake in Chicago White Sox in February.
The Minnesota Star Tribune said on Tuesday that other suits have traveled to Miniapolis in the last two to three weeks to visit the stadium and meet family and team officials.
According to front office sports, Pohlads rejected a bid of $ 1.5 billion. According to CNBC calculations last month, the franchise is priced at $ 1.65 billion, ranked 22nd of 30 MLB teams. Forbes and Sportico estimated in March that twin children are priced between $ 1.5 billion and $ 1.7 billion.
For a recent comparison, Baltimore Oraoles were sold in 2024 to private-equity executive David Rubinstein for $ 1.725 billion.
A potential friction point for potential buyers, according to several reports, twins have a $ 452 million loan.
Late Karl Pohlada paid $ 44 million to buy twins. Since his death in 2009, his son has been a gym controlled owner. The nephew of the gym, who is handling the responsibilities of primary administration since Pohlad, 2022.
-Bield level media
