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Thread: If the Pohlad's sold the Twins

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    If the Pohlad's sold the Twins

    Does anyone have the specifics about how long before the Pohlads can sell the team and what kind of hit they take if they do as far as paying back some of what the county paid for?

    I am not suggesting, hoping, wanting this to happen. I'm just looking for the specifics if anyone has it. A link perhaps.

    Thanks.

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    Senior Member All-Star IdahoPilgrim's Avatar
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    I am not a lawyer, and I don't even play one on TV, but I would think they can sell the team anytime they want.

    Any new owner, of course, would be obligated to fulfill any commitments previously made by the franchise, including but not limited to honoring their 30-year lease.

    I am curious as to what prompts this line of inquiry...

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    Twins News Team All-Star PseudoSABR's Avatar
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    Quote Originally Posted by sbknudson View Post
    I am curious as to what prompts this line of inquiry...
    I think it's pretty obvious, actually.

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    Senior Member All-Star IdahoPilgrim's Avatar
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    Quote Originally Posted by PseudoSABR View Post
    I think it's pretty obvious, actually.
    Great! Can you clue me in?

    I was going on the assumption that this wasn't just some "anti-Pohlad" rant and that he was genuinely curious about this for some reason.

    Is there some assumption that the Pohlad's want to sell? Or is there some indication that they are trying to do so? I haven't seen anything, but I'm not in the loop, so unless it's been reported here at TD... Is it the hope that they can be forced to sell? I'm not sure that's possible, legally.
    Last edited by IdahoPilgrim; 05-22-2013 at 02:57 PM.

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    Quote Originally Posted by ThePuck View Post
    Does anyone have the specifics about how long before the Pohlads can sell the team and what kind of hit they take if they do as far as paying back some of what the county paid for?

    I am not suggesting, hoping, wanting this to happen. I'm just looking for the specifics if anyone has it. A link perhaps.

    Thanks.
    Why? You interested?

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    There are some fans on another site who think the Pohlads are getting ready to sell the team. I was saying I didn't think they could (not do I think they would). I also remember there was some language in the agreement about them not being able to sell the team without having to pay back a chunk of the money they got from the county and that for every year they kept the team the percentage they would have to pay back would lower until such a time where it would hit zero and they could sell the team without a fine.

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    Quote Originally Posted by sbknudson View Post
    Great! Can you clue me in?

    I was going on the assumption that this wasn't just some "anti-Pohlad" rant and that he was genuinely curious about this for some reason.
    You assume correctly. This is, in no way, a rant against the Pohlads. It's me looking for info and nothing more or sinister behind it.

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    Senior Member Triple-A whydidnt's Avatar
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    According to an article in the Strib about the Vikings Stadium its: In the case of Target Field, the public would get 18 percent of the overall sale price initially. But that amount drops by increments of 1.8 percent annually and reaches zero in 10 years.
    Link--
    Stadium plan gives public less in Vikings? sale compared to Twins? | StarTribune.com

    No details listed, so I don't know if we are already in year 3 or if the 10 year clock started after the stadium opened.

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    Quote Originally Posted by whydidnt View Post
    According to an article in the Strib about the Vikings Stadium its: In the case of Target Field, the public would get 18 percent of the overall sale price initially. But that amount drops by increments of 1.8 percent annually and reaches zero in 10 years.
    Link--
    Stadium plan gives public less in Vikings? sale compared to Twins? | StarTribune.com

    No details listed, so I don't know if we are already in year 3 or if the 10 year clock started after the stadium opened.
    thanks

  10. #10
    Senior Member Big-Leaguer Highabove's Avatar
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    Estimate Value of Twins Franchise (forbes)
    1984 purchase price 44 million
    2008 328 million
    2012 578 million
    The Pohlad's will make a nice profit if they ever decide to sell.
    I personally hope that they sell.
    This Franchise needs a new culture.
    Last edited by Highabove; 05-22-2013 at 04:46 PM.

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    Quote Originally Posted by Highabove View Post
    Estimate Value of Twins Franchise (forbes)
    1984 purchase price 44 million
    2008 328 million
    2012 578 million
    The Pohlad's will make a nice profit if they ever decide to sell.
    I personally hope that they sell.
    This Franchise needs a new culture.
    If they sell, is there a provision in place that says the team can't be moved. I thought I heard that as well...like for 30 years or something.

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    Quote Originally Posted by ThePuck View Post
    If they sell, is there a provision in place that says the team can't be moved. I thought I heard that as well...like for 30 years or something.
    With that provision, I'd gladly accept change of ownership to an entity with different priorities. Mark Cuban would fill the bill nicely.

  13. #13
    Senior Member Big-Leaguer Highabove's Avatar
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    I believe the Franchise is locked in for 30 years.
    The values are based on the Franchise playing at Target Field.

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    Quote Originally Posted by Highabove View Post
    I believe the Franchise is locked in for 30 years.
    The values are based on the Franchise playing at Target Field.
    excellent. thanks

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    Quote Originally Posted by jokin View Post
    With that provision, I'd gladly accept change of ownership to an entity with different priorities. Mark Cuban would fill the bill nicely.
    That would be outstanding, though the White Sox owner has a serious dislike for him and he yields serious power amongst the owners.

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    I appreciate everyone who provided info on this. Greatly appreciated.

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    Quote Originally Posted by ThePuck View Post
    That would be outstanding, though the White Sox owner has a serious dislike for him and he yields serious power amongst the owners.
    And he's also best buddies with Selig (and was with Carl Pohlad). Cuban would have to learn from his previous acquisition blockages to find an ironclad work-around to this impediment

  18. #18
    Senior Member Triple-A whydidnt's Avatar
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    Well, we should be careful what we wish for. I'm not a huge fan of the Pohlads, but we could always end up with someone like Loria who looks at the Marlins as his own personal piggy bank. There's no guarantee any new owner will be a big enough fan to commit more of the revenue to the team.

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    Senior Member All-Star crarko's Avatar
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    Perhaps Richard Branson will take an interest. Then we would become the Minnesota Virgins, of course.

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    Quote Originally Posted by sbknudson View Post
    I am not a lawyer, and I don't even play one on TV, but I would think they can sell the team anytime they want.

    Any new owner, of course, would be obligated to fulfill any commitments previously made by the franchise, including but not limited to honoring their 30-year lease.

    I am curious as to what prompts this line of inquiry...
    Have you stayed at a Holiday Inn lately?

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