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Pohlad Family Reaffirms $1.7 Billion Asking Price for Minnesota Twins

The renewed sale process faces challenges from the team's $425 million debt and narrowing buyer interest, with no immediate timeline for a deal.

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May 30, 2024; Minneapolis, Minnesota, USA; Members of the Minnesota Twins celebrate their teams win against the Kansas City Royals after the game at Target Field. Mandatory Credit: Matt Krohn-USA TODAY Sports/File Photo
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Overview

  • The Pohlad family has restarted efforts to sell the Minnesota Twins, maintaining a $1.7 billion asking price for the franchise.
  • The team's $425 million debt, accrued largely since 2020, is a key factor influencing the high valuation.
  • Joe Pohlad, the team's executive chairman, reportedly prefers to retain control, complicating the sale process.
  • The list of potential buyers has narrowed, with a major investor withdrawing in February to focus on another MLB team.
  • Allen & Company, experienced in sports transactions, is managing the sale, but no immediate pressure exists to finalize a deal.