Credit: Jordan Johnson-Imagn Images via Reuters Connect
Minnesota Twins fans hoping the Pohlad family is close to selling the team have plenty to keep an eye out for this fall.
This is shaping up to be a big offseason. Baseball’s collective bargaining agreement expires Dec. 1. Tom Pohlad has also said the team’s payroll of roughly $114 million needs to go up for 2027.
Are the Minnesota Twins up for sale again or not?
Then the sale talk started up again thanks to Pioneer Press columnist Charley Walters, who reported in last Sunday’s paper that a new economic model could push the franchise’s value past $2 billion, and the Pohlads to sell.
Pssst: A sale of the Twins to the New York-based global investment firm Varde Partners, which has an office in Minneapolis and in 2025 became a Twins limited partner to help the franchise out of $500 million in debt, is said to be heating up.
Charley Walters – Pioneer Press
Obviously, a report like that from Walters — who used to be a Twins pitcher and has worked as a reporter for five decades since — got a sizeable chunk of the fanbase excited. In case you haven’t heard, the Pohlads aren’t the most popular owners in Major League Baseball.
Värde as a global investment firm with an office in Minneapolis that became a Minnesota Twins minority partner last offseason. That made the possibility of a deal more believable. Walters also noted that the Pohlads were now seeking $2 billion, not the $1.75 billion they were seeking two years ago.
When the Pohlads finalized their new limited partners, the group included Glick Family Investments, Wild owner Craig Leipold and George G. Hicks. Hicks is a Värde co-founder.
What Twins reporter Dan Hayes is hearing
On Thursday, however, Twins beat writer and insider at The Athletic, Dan Hayes, threw a large bucket of cold water on these supposed Pohlad sale plans that Charley reported last weekend. It happened on his weekly podcast “Twin Cities Territory.”
According to Hayes, the only other possibility raised in his reporting was another small limited partnership group coming in. Even that, he said, was shot down by all the other sources he talked to.
Twins fans hoping for new ownership might have to keep waiting.
@DanHayesMLB says there’s “no validity” to the latest sale speculations, despite lingering questions about the franchise’s long-term future. pic.x.com/OFnrdZYQUD
— Twin Cities Territory (@TwinCitiesShow) October 8, 2026
I know the answer Twins fans want to hear, and I’m going to unfortunately disappoint you and tell you, no, there’s no accuracy [to Walters’ report]. There’s no validity to this. I’ve heard it from a league source, I’ve heard it from multiple people.
Let’s just say that, look, Tom Pohlad was pretty upfront at the press conference about how things are going right now, how much he enjoyed his role this year. But you don’t just take their word for it, because I’ll be honest, I’m still skeptical in the long run that the Pohlads wouldn’t sell if someone came in and said, “Hey, here’s $3 billion,” which I don’t think the Twins will get.
At the time, there was nothing going on there. This is wholly inaccurate and there’s no smoke to it. Checked early on, then checked with a team source earlier this morning too, just to verify, and there’s nothing at all. And the first person I talked to said maybe there was another small limited partnership group that was going to come in, maybe that was a possibility, and that was shot down by everyone that other person talked to. So basically, no, there’s nothing going on.
Dan Hayes, The Athletic, on Twin Cities Territory
Related: Report: Minnesota Twins Sale Back On
Hayes isn’t ruling out a sale forever
At that end-of-season session, Pohlad told reporters the family is “long-term oriented” and added, “we are in this for the long haul.” Hayes still isn’t taking that as a lifetime guarantee.
Obviously, we’re all skeptical that the Pohlads plan to keep the team long term. With that being said, it’s extremely unlikely they start talking seriously about a sale again until CBA negotiations play out this offseason and we know more about the future of the league.
The family announced in August 2025 that it would remain the principal owner after exploring a sale since the fall of 2024. It brought in the new limited partners to help pay down debt that was reported to be $500 million.
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