The Minnesota Twins appear close to formally announcing a partial sale that does not change who runs the franchise but meaningfully changes the math behind it. By selling just over 20% of the club at a reported valuation of $1.75 billion, the Pohlad family is positioning the organization to finally address debt that has lingered since the pandemic while also improving the team’s standing should a larger sale ever come back into focus.
The structure of the deal matters. This is not a handoff of power or a succession plan in disguise. According to Dan Hayes, the new investors are limited partners with no path to control and no mechanism to force decisions. The Pohlad family remains firmly in charge, with league sources indicating Tom Pohlad will take on a larger role alongside Joe Pohlad. Three new seats will be added to the ownership advisory board, but the family’s authority remains intact.
Where the change is real is on the balance sheet. Multiple sources have described the debt reduction tied to this deal as significant, and that word has been repeated intentionally. The Twins accumulated substantial debt over the last five seasons, driven by a combination of COVID disruptions, flat attendance and revenue losses tied to their television situation. Unlike many clubs, the Twins continued paying employees and minor league players during the shutdown, a decision that was laudable but expensive. The debt came on quickly and never truly came off.
Attendance trends underline the problem. Target Field has not returned to its pre-pandemic levels despite a division title and multiple playoff appearances. Payroll reductions only intensified fan frustration, further limiting gate revenue. At the same time, the collapse of the regional sports network model cost the Twins tens of millions annually. Twins TV keeps games accessible, but it does not replace what was lost financially.
That context helps explain why this deal took longer than expected and why interest grew rather than faded. Once the franchise made clear it was open to minority investment, more groups stepped forward. Instead of two limited partnerships, three ultimately formed, each purchasing smaller slices that required additional league approval. From the team’s perspective, more interest meant better terms and a cleaner exit from debt.
The longer view is where this becomes more interesting. A Twins franchise with manageable debt looks very different to potential buyers in the late 2020s than one weighed down by pandemic era obligations. New national television deals arrive in 2029. Any labor uncertainty from the next collective bargaining agreement should be resolved. Franchise values almost certainly continue to rise.
That future upside likely explains why none of the new investors demanded a roadmap to control. The appeal is growth, not governance. For now, the Pohlad family insists it is committed to owning the team, and several third generation members have expressed interest in staying involved. Still, this deal quietly restores optionality.
Whether the Twins are ever sold outright remains an open question. What is clear is that the franchise has taken an important step toward financial stability, one that could eventually ripple onto the field.