NEWS: Pohlad Family Will Remain Principal Owners of Twins, with New Limited Partners Coming Aboard

[Hrbowski]

End Billionaires

[jaimedude]

They thought April attendance and overall attendance is bad this year. You will be able to count butts in seats next year unless there is change in FO and Manager and coaching staff. 

[twins_89]

The last couple of years of Pohlad ownership could be a case study in how to destroy a professional sports franchise. They have to be among the worst owners in all of professional sports.

[big dog]

Let’s go, Brewers. Clap clap clap-clap-clap!

 

[nicksaviking]

This is as depressing as trade deadline day.

If the Pohlad's are staying, they have to take the keys away from Joe and give them back to Jim. Joe has no clue what he's doing and is completely tone deaf, and his AI announcement letter posted above shows he still hasn't learned.

[laloesch]

Good and bad.  Investors will expect high revenues, they always do.  Given the Pohlads dumped over 400 million in other debts onto the team I'm not at all hopeful for a return to 2023 and 2024 payrolls.  That shuffling of debt was a bad move by the Pohlads.  Justin Ishbia was in a position to buy the franchise outright and while i don't have the direct proof, the shuffling of the debt from the Pohlads floundering commercial real-estate holdings to the Twins likely torpedoed that deal along with a very high asking price to start with.  It means one of two things.  The Pohlads were desperate to dump their debts and made a silly stupid decision and are now stuck with an asset they can't unload or they weren't as determined to sell the franchise as they sounded in their public statements meaning the revenues are still coming in from the Twins in healthy amounts, enough to make it advantageous to hold onto.  Investors can be a good and a bad thing.  They should hold the owners responsible for their actions making a competitive team a priority, but if they are more focused on bottom line they could encourage the worst tendencies in the Pohlads to be dirt cheap and pile up money to pay down those debts quickly.  The dirt is in the details. How much control and pressure will the have on the Pohlads?  Will they be hands off or more direct putting pressure on them? I guess only time will tell. Either way, very dissapointing.  I think (myself included) many fans were hoping for a fresh change in ownership and leadership, this smells like more of the same, just adding a few more cooks in the kitchen, but still a bad head chef in charge.

 

[Mike Sixel]

Well then.  I figured this was coming. Was trying not to post that earlier to depress people. 

Bye Ryan and Lopez, was nice knowing you. 

[IndyTwinsFan]

15 minutes ago, karcherd said:

The only way this will be a positive is if the Pohlads let the limited partners have true input into the running of the team similar to what ARod and Lore did with the Wolves.  They were responsible for bringing in Connelly.  

They can not run it back with Falvey in charge, so we will know fairly quickly in the offseason what influence the limited partners have.

I suspect that both Falvey and Rocco will now be around for as long as they want to stay.

While I don't wish ill will towards either of them, neither one are what I would consider as astute, in a baseball sense, when it comes to team building and overall team management.  But, it appears as though we'll need to suffer having them around the franchise for sometime to come.

A real mule kick to the gut this news is for any diehard Twins fan (like I am)!

[ChermesZ]

Fresh idea:

pohlads NOT owning the team.

[JD-TWINS]

31 minutes ago, Craig Arko said:

Crap.

 

I realize this is very RAW and a real bummer but does anyone at TD really think new investors are going to spend a few hundred million $$ without some stipulations on how things are handled going forward???

Gotta take a few breaths. There’s obvious payroll flexibility for next season, even if they just go back to 2025 $ total.

They have probably 6 starting level guys on their roster for position players. 2-3 guys from farm system ready by June of ‘26 if not on opening day. They have 3-4 guys that are suitable for depth/platoon roles (i.e. Lee & Clemens). Need Catching replacement & DH from FA market OR via trade in offseason.

Rotation is in very good shape relative to talent & depth going forward.

PEN needs a couple FA signings……..lots of young options/arms to fill roles recently left void.

Am frustrated with partial move on a sale, big time - Team still isn’t that far away on the field.

[Vanimal46]

Here comes multiple years of $90 million or less payrolls. I can’t support this organization anymore if the sale is off the table. 

[nicksaviking]

Maybe this isn't the end of the situation as Manfred was JUST saying a deal was right around the corner. Are the other owners aware of this new arrangement? Or did he just drop the news to everyone all at once, because based on Joe's track record, there likely was no strategy to any of this. The other owners are going to have to approve the limited partners. and the other owners aren't going to want the Twins to be a perennial revenue recipient team. This market hasn't always and doesn't need to be a revenue sharing recipient, but the other owners have to know it will be if the Pohlad's are still running things. Maybe they'll throw us a Hail Mary and not approve the limited partners.

[Hosken Bombo Disco]

27 minutes ago, karcherd said:

The only way this will be a positive is if the Pohlads let the limited partners have true input into the running of the team similar to what ARod and Lore did with the Wolves.  They were responsible for bringing in Connelly.  

They can not run it back with Falvey in charge, so we will know fairly quickly in the offseason what influence the limited partners have.

Agree, that is the one ‘silver lining’ here.

and I laugh as I type that. 

[rdehring]

I am probably among the minority, but I can see good days ahead for the Twins.  But for guys my age those days better be soon.

I expect most are correct and this is the result of their not getting the number they wanted.  Based on what I read here several days ago the debt isn't outside debt as stated above, rather debt related to their investment in Target Field when built and ongoing enhancements to the ballpark.  Expect they also took a big hit during the pandemic.  But it sure seems that debt was the issue that muddied the waters when trying to sell.

Will be interesting to see who these two investor groups are.  Have seen mention that the Cambria family may have been interested.  Also curious if one of the groups could include several former Twins?  If so, hopefully they will be allowed to provide input into the makeup of the team. 

The FO recently set the team up for a rebuild.  Considering what was given up, hopefully most of the key players brought in will be as good as expected.  The starting rotation will be strong next spring.  And that's a great starting point.  Hopefully, the financial re-set will enable them to begin building around that strength and the Twins will be competitive....soon!

 

[Puckett34]

Just now, nicksaviking said:

Maybe they'll throw us a Hail Mary and not approve the limited partners.

One could hope. But I think I'm fresh out of that, at least regarding the Twins.

[jaimedude]

Pohlads have popularity. In Twin Cities  of a world figure like Putin. Not saying they are evil and dastardly like him but they are very unpopular. I think you would rather  really not know who the owners are in most Sports markets. 

[chinmusic]

7 minutes ago, nicksaviking said:

This is as depressing as trade deadline day.

At least.  Ryan? Pablo?..even Buck... who will they be playing for in 2026.

[Rod Carews Birthday]

3 minutes ago, JD-TWINS said:

I realize this is very RAW and a real bummer but does anyone at TD really think new investors are going to spend a few hundred million $$ without some stipulations on how things are handled going forward???

Gotta take a few breaths. There’s obvious payroll flexibility for next season, even if they just go back to 2025 $ total.

They have probably 6 starting level guys on their roster for position players. 2-3 guys from farm system ready by June of ‘26 if not on opening day. They have 3-4 guys that are suitable for depth/platoon roles (i.e. Lee & Clemens). Need Catching replacement & DH from FA market OR via trade in offseason.

Rotation is in very good shape relative to talent & depth going forward.

PEN needs a couple FA signings……..lots of young options/arms to fill roles recently left void.

Am frustrated with partial move on a sale, big time - Team still isn’t that far away on the field.

But do you actually think that they will go back to the 2025 payroll total?  I don't, and I think that winter trades of Pablo and Ryan are now MUCH more likely than not -- and I was a guy saying it wouldn't happen.  

Regardless of who that have and what's coming, do you really think that this is the ownership group to nurture and develop that team into a winner?  Again, seems unlikely at best.  

[ChermesZ]

These same owners once had a payroll of 12 million dollars in the late 90s.

and tried to contract the team.

and right sized the budget

 

i have to say….im done with the twins.

 

 

[HarmonK03]

4 minutes ago, Hosken Bombo Disco said:

Agree, that is the one ‘silver lining’ here.

and I laugh as I type that. 

It is the only thing keeping me from being fully depressed.  I agree it is a very small chance but I need something to hang onto.

[FilthyMogwai]

This might not even be the lowest point. People will boycott. Free agents won't sign here. This could be the next Oakland A's. 

[Dave Overlund]

I took my kid to the game on Sunday. Got 'free' tickets from Kwik Trip, took the Northstar into town, brought our own food/snacks/drinks in a cooler and got $10 in 'free' concessions for signing up for the My Twins scam. 

This is the way. I'm not strong enough to quit the Twins, but I will be extremely mindful about spending money with them until they show a willingness to do otherwise. 

[SteveLV]

I thought we were at rock bottem after the trade deadline over sell-off.

This is worse news by far.

This may be the nail in the coffin for keeping a viable fan base.

How would you like to be a season ticket salesperson for 2026?

At this point, bring on the lockout!

Salary cap, salary floor, more revenue to younger and MiLB players, quicker FA, full revenue sharing with financial transparency.

Only then can MLB be saved.

[Peter]

With 2 other groups involved twins will be ok as they will make sure to be competitive and contend for championships going forward. It’s all going to work out! We have 2nd best farm system and these guys are going to be great!!! Can’t wait to see them playing for twins next year to 3 years and bring home another World Series championship!!!

[howeda7]

I am astounded that they think this is the right move. They have already burned all goodwill they ever had. Stadium and TV revenues will only plummet further. MLB has major issues. There is a lockout pending. The value of this team is as high as it's going to be for the next several  years. The value is only going to go down.

[Danchat]

Well, so much for the "a deal is right around the corner" and "maybe the new owners asked for the fire sale at the trade deadline". Pepperidge Farm remembers the Twins Daily article that claimed that the team was likely to be sold before Opening Day. 

All I can say is... ugh. This is the worst possible news Twins fans could get. Sure, it's possible the new owners could stink but at least there would have been a shred of hope for change.

[Battle ur tail off]

Terrible news but not surprising. Do you really think the Pohlads are going to dump this cash cow, especially when their other business entities are struggling?

This is basically just someone giving them a loan on the bad debt they have placed from other parts of Pohlads Inc onto the Twins. 

Expect the next few years to be a total teardown player roster wise. My guess though, is that Falvey and Rocco work for CHEAP, so they will be retained. 

Welcome back to 1993-2000. That is what we are in for. Too bad with Target field and that run they had a few years ago, but the Twins are over with and most likely back to being a sports afterthought in this state once again. 

 

[srlarson]

definition of Tone Deaf.......Dark day for all true fans.....

[thelanges5]

Are the limited partners Joe Mauer and Torii Hunter?

[mnfireman]

1 minute ago, SteveLV said:

Salary cap, salary floor, more revenue to younger and MiLB players, quicker FA, full revenue sharing with financial transparency.

If the reported incident between Harper and Manfred is the players position, this ain't happening, at least the salary cap part. The lockout in '27 may be a long one....