The Pohlad family will retain ownership of the Minnesota Twins, with chairman Joe Pohlad announcing the news on Wednesday. The decision comes 10 months after the family initially announced their intention to sell the franchise.
In a statement, Pohlad confirmed that the family would remain in control, but also stated that they have partnered with two new groups. This move aligns with his vision for the team’s future and shares his confidence in Minnesota’s baseball prospects.
The Pohlad family purchased the Twins in 1984 for $44 million. Joe Pohlad, who is now executive chair, has maintained a commitment to treating employees well and building successful teams, as expressed by manager Rocco Baldelli.
Baldelli was initially surprised by the news but praised the Pohlads’ leadership style and their role in his team’s success. The Pohlad family decision ensures continuity for the Minnesota Twins franchise.
Source: https://www.startribune.com/live-pohlad-family-will-not-sell-minnesota-twins/601454306