Twins remain with Pohlad family, add two minority investment groups

The Pohlad family announced that the Minnesota Twins will remain in the family’s hands, halting a private sale and adding two minority investment groups to help guide the club’s long-term plan. The decision, disclosed after months of exploring options, keeps the Pohlads as principal owners while signaling a shift toward broader, albeit private, partnerships that must receive Major League Baseball approval before becoming official.

The family’s statement described the move as a commitment to the franchise’s long-term future. It noted that the ownership group had been “fully open to all possibilities” during a 10-month review and that the two minority groups would bring substantial experience and new ideas to help shape the team’s strategy in a rapidly evolving sports landscape. The announcement also referenced a desire to bolster critical partnerships and safeguard the Twins’ future in Minnesota, echoing a pledge to maintain the club’s core values while pursuing a broader vision.

The decision comes amid a difficult period for the franchise. Attendance at Target Field has trended downward, and the team undertook a payroll reduction last year amid concerns about regional television...