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3d ago

Twins Add MLB-Approved Limited Partners as Tom Pohlad Steps In to Lead

The cash infusion targets the Twins’ heavy debt load to restore financial flexibility.

Jun 20, 2025; Minneapolis, Minnesota, USA; A general view of Target Field during the national anthem and a moment of silence for tragic events in regards to Mark and Democratic Former House Speaker Melissa Hortman’s deaths before a game between Milwaukee Brewers and Minnesota Twins at Target Field. Mandatory Credit: Jesse Johnson-Imagn Images.
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Bill Streicher-Imagn Images
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Overview

  • Glick Family Investments, George G. Hicks and Minnesota Wild owner Craig Leipold have acquired non-controlling minority stakes, with the Pohlad family retaining day-to-day control.
  • Major League Baseball approved the new investments, and Tom Pohlad is slated to become the franchise’s control person pending separate league approval.
  • Tom Pohlad will succeed Joe Pohlad in overseeing the organization as part of a new leadership structure announced alongside the ownership changes.
  • Reporting places the combined minority sale at roughly 20% and values the club near $1.75 billion, though the team did not disclose exact percentages or prices.
  • Proceeds are intended primarily to pay down about $500 million in debt, with ownership and Tom Pohlad emphasizing restored budget stability and a renewed push to regain fan trust.