Justin Ishbia Reportedly Leads Bid to Purchase Minnesota Twins

The billionaire co-owner of the Phoenix Suns is exploring a potential acquisition of the MLB franchise from the Pohlad family, with the process in its early stages.

The Pohlad family, owners of the Minnesota Twins since 1984, announced in October their intent to explore selling the team, estimated to be worth $1.5–$2 billion.
Justin Ishbia, a billionaire private equity executive and minority owner of the Phoenix Suns and Mercury, is reportedly leading the bid, with his brother Mat Ishbia potentially involved as a secondary investor.
The sale process is in its initial phase, with no buyers yet vetted or selected, and a final deal is expected to take at least six months to complete.
Ishbia has been meeting with community leaders in Minnesota to learn about the team and its legacy, though no formal negotiations with Twins officials have been reported.
The Twins have faced financial challenges, including reduced payroll and declining revenue from local broadcasting deals, which could present hurdles for new ownership.