MINNEAPOLIS — Pipestone native George G. Hicks has become a minority partner with Major League Baseball’s Minnesota Twins.
Hicks was one of three new minority partners announced, joining Glick Family Investments and Minnesota Wild owner Craig Leipold.
Pipestone native George G. Hicks was approved as a Minnesota Twins’ minority stakeholder Wednesday, Dec. 17. (Contributed photo)
MLB approved the transaction on Wednesday, Dec. 17.
The Twins also reported a change in leadership structure, with Tom Pohlad succeeding executive chair Joe Pohlad.
Sports Business Journal reported the deal is for more than 20 percent of the franchise, valued at $1.75B.
The Twins had been more than $400 million in debt before the move, and the Pohlads had announced intention to sell the team since October 2024.
Last year, Minnesota ranked 24th in attendance (averaging 22,108 fans per game) and 21st in overall payroll at $129 million.
Hicks, a lifelong Twins fan, also is a limited partner with the National Basketball Association’s Minnesota Timberwolves.
A 1971 graduate of Pipestone High School, Hicks is currently the co-founder and co-executive chair of Varde. He co-founded this credit investing firm during the mid-1990s.
Hicks attended and graduated from Gustavus Adolphus College in St. Peter with a bachelor’s degree in economics and history — later earning his juris doctorate from the University of Minnesota Law School.
The Minnesota Twins have rearranged their organizational structure. (Contributed graphic)
The Twins finished fourth in the American League’s Central Division with a 70-92 record.
Minnesota on Dec. 19 announced the signing of free agent first baseman Josh Bell, purchased the contract of right-handed pitcher Sam Ryan in the Rule 5 Draft, AAA phase, on Dec. 10, and traded for catcher Miguel Carabello from the San Francisco Giants.