The sale isn't done!

[Mike Sixel]

 

 

[SteveLV]

This thing may drag on so long that Falvey will be effectively paralyzed from making any significant moves until FA is 2/3'rds over and other teams have made the trades they want to make.

Sheesh, do we have a mess for ownership for the hometown 9.....

[Richie the Rally Goat]

It has to be approved by the owners still, right? I wonder what pitfalls might still be ahead

[old nurse]

16 minutes ago, Richie the Rally Goat said:

It has to be approved by the owners still, right? I wonder what pitfalls might still be ahead

The vetting process is probably the concern.. 2 groups of people, not 2 individuals. Between the history of some of the past owners and current owners there shouldn’t be a question of why the long process. 

[Craig Arko]

Did they put Mike Johnson in charge of this process, or what?

[The Great Hambino]

Manfred in the article, which is mostly about him hand-waving away the union getting pissed about MLB using a player agent as a mole to get info during the last CBA negotiations:

"All I can tell you is that from the day I first set foot in Major League Baseball in 1986..."

Also Manfred in the article:

"There has never been a lost game since I became involved as an employee of baseball"

He's nothing if not lawyerly.  "I was an independent contractor, I'm technically correct!"

I can't understand why the players don't trust him

[jctwins]

Proof positive at how inept this ownership is. Enjoy the train wreck.

[tony&rodney]

Is it naive to think the 2026 payroll will exceed $115M? Does it seem more likely that the payroll will be under $100M?

Falvey must have a financial directive. He might be angling for some additions that may or may not come with an approval of partners, but the range can't be so significant as to result in brain freeze on Falvey's part. Either way, the decisions he makes in his 10th year at the helm will have consequences. 

I'm still hoping that Falvey reflects on his stewardship and makes a number of changes to the roster that results in more talent on board.

[Chembry]

46 minutes ago, tony&rodney said:

Is it naive to think the 2026 payroll will exceed $115M? Does it seem more likely that the payroll will be under $100M?

Falvey must have a financial directive. He might be angling for some additions that may or may not come with an approval of partners, but the range can't be so significant as to result in brain freeze on Falvey's part. Either way, the decisions he makes in his 10th year at the helm will have consequences. 

I'm still hoping that Falvey reflects on his stewardship and makes a number of changes to the roster that results in more talent on board.

I saw a post on X this morning that Twins sources are indicating a payroll of $100-130M.  I have no idea how truthful, how reliable this person is, or even how reliable their source is.  I took it with a grain of salt. 

[Schmoeman5]

So when it looked like Justin Ishbia was the interested party in BUYING the Twins, most of the posts said how quickly things would move if the sale went through.  🤔 Now the Twins have some limited partners and its dragging on and on. Sounds like Pohlads doing Pohlad deals. Their limited partners must be NUTS. The Pohlads will use that money to pay down the debt the Twins have. How much say will they have in the operation of the Twins? Sounds like a Bernie Madoff type deal.

[Dave Borton]

6 hours ago, Richie the Rally Goat said:

It has to be approved by the owners still, right? I wonder what pitfalls might still be ahead

Just an old boys club. Names and industries are only concern as barriers. I am confident that Pohlad poured over the books.

[Twodogs]

I wonder how long it takes the Padres to find new owners??  I think they are possibly selling too?

[ToriiRules!!]

It shouldn’t be done trade Joe trade Pablo trade Byron and try to compete after the lockout 

[old nurse]

On 11/21/2025 at 7:52 PM, Twodogs said:

I wonder how long it takes the Padres to find new owners??  I think they are possibly selling too?

The widow is suing the brother in laws. It could take a long time

[howeda7]

On 11/20/2025 at 9:58 AM, Chembry said:

I saw a post on X this morning that Twins sources are indicating a payroll of $100-130M.  I have no idea how truthful, how reliable this person is, or even how reliable their source is.  I took it with a grain of salt. 

There's no real reason it shouldn't be in the same ballpark as last year. Nothing is fundamentally different than it was 12 months ago. Uncertain ownership situation, uncertain long-term media situation. Looming work stoppage. No minority owner is going to back out over the payroll being $130 vs $110. 

[ashbury]

1 hour ago, howeda7 said:

No minority owner is going to back out over the payroll being $130 vs $110. 

They might, if the Pohlads lured them to the bargaining table with a suggestion that they could get a 5% dividend on their investment every year.

[Vanimal46]

This whole situation is just weird. I'm starting to think these limited partners don't really exist anymore, if they ever did in the first place.

[sampleSizeOfOne]

How does compare with the Timberwolves ownership situation?

There is something to be said with sorting things out before they get messy...

 

[old nurse]

10 hours ago, sampleSizeOfOne said:

How does compare with the Timberwolves ownership situation?

There is something to be said with sorting things out before they get messy...

 

The value of the twins did not go up like the Timberwolves did during the protracted handover. 

[sampleSizeOfOne]

5 hours ago, old nurse said:

The value of the twins did not go up like the Timberwolves did during the protracted handover. 

Neither did it go down?

 

(Somehow i am reminded of "neither a dry bare sandy hole with nothing to sit on". Was it hobbit team sale, and does that mean comfort?)

[old nurse]

3 hours ago, sampleSizeOfOne said:

Neither did it go down?

 

(Somehow i am reminded of "neither a dry bare sandy hole with nothing to sit on". Was it hobbit team sale, and does that mean comfort?)

Glen Taylor wanted to back out of the sale. The valuation of the franchise had gone up 500 million  that situation brass no resemblance to anything known about the Twins franchise no matter how you want to spin it. 

[bean5302]

On 11/28/2025 at 1:28 PM, old nurse said:

Glen Taylor wanted to back out of the sale. The valuation of the franchise had gone up 500 million  that situation brass no resemblance to anything known about the Twins franchise no matter how you want to spin it. 

We don't agree on a lot of stuff, but 100% on this one. Also, I'd take the Pohlads (incompetent as they are) over Glen Taylor 7 days a week, and twice on Sunday.

[howeda7]

On 11/23/2025 at 9:37 PM, ashbury said:

They might, if the Pohlads lured them to the bargaining table with a suggestion that they could get a 5% dividend on their investment every year.

It's pretty likely they are just holding out until the lockout is done and then selling. The lure is I give you $400 million for 25% of the team and in 2 years we sell for $2 billion and I get $500 million.

[NotAboutWinning]

1 hour ago, howeda7 said:

It's pretty likely they are just holding out until the lockout is done and then selling. The lure is I give you $400 million for 25% of the team and in 2 years we sell for $2 billion and I get $500 million.

This is one of the most reasonable scenarios I've heard for why anyone would invest in a minority stake in this team. Unfortunately, it doesn't bode well for the next 2 seasons 😕

[Battle ur tail off]

On 11/25/2025 at 1:08 PM, Vanimal46 said:

This whole situation is just weird. I'm starting to think these limited partners don't really exist anymore, if they ever did in the first place.

Wouldn't doubt it. The lies have always been a large part of this current ownership group. They are shifty devils, no reason to trust anything they say.

[howeda7]

1 hour ago, Battle ur tail off said:

Wouldn't doubt it. The lies have always been a large part of this current ownership group. They are shifty devils, no reason to trust anything they say.

Honestly if Rob Manfred had any balls, he'd just tell the Pohlad's you're selling. If $1.5 billion is all you can get, we'll make the other owners accept it, even if it sets a bad precedent. Take it and get out. 

[SF Twins Fan]

Not sure if I can post this here or not but from a recent article by Dan Hayes at the Athletic, in the comment section someone asked about the "pending" sale and here was Dan's response:

DH: My update (because there aren't enough details to merit a full story):  It's happening.  It just takes time.  It's been handled atypically, but it's still on.  Atypical because it was announced immediately after an agreement was made and without everything being ironed out and there's a lot of details that have to be finalized when you're talking as much money as is involved.  But the team and league are very confident.

Other poster response: Is it the details between MN Twins & Minority owners?  Is it details/acceptance by MLB owners?

DH: They announced it very, very early.  It's details between the limited partnerships themselves and getting all their financing lined up, etc.  Ownership announced it when they did because it's a superb deal for the majority owners to get the money they will get while only giving up a tiny bit of power.  It hasn't been brought to the league/other owners for approval yet.

For some reason I can't post the screen shot.

[Vanimal46]

1 hour ago, SF Twins Fan said:

Ownership announced it when they did because it's a superb deal for the majority owners to get the money they will get while only giving up a tiny bit of power.

I appreciate you typing this out. This snippet in particular is very interesting to me. There has to be something the limited partners receive out of this. No corporation gives $250 million out of the goodness of their hearts for only a tiny bit of power. 

What’s the catch here?

[SF Twins Fan]

7 minutes ago, Vanimal46 said:

I appreciate you typing this out. This snippet in particular is very interesting to me. There has to be something the limited partners receive out of this. No corporation gives $250 million out of the goodness of their hearts for only a tiny bit of power. 

What’s the catch here?

I agree.  Reading that shocked me because what would be the incentive to helping the Pohlad's pay down / off their debts if they weren't going to have some control over the operations.  Do they know something positive coming from the new CBA that will financially benefit the owners?

[The Great Hambino]

2 minutes ago, SF Twins Fan said:

I agree.  Reading that shocked me because what would be the incentive to helping the Pohlad's pay down / off their debts if they weren't going to have some control over the operations.  Do they know something positive coming from the new CBA that will financially benefit the owners?

A few possibilities rolling around in my head (maybe even a combination of the following):

They're set up as preferred equity holders, meaning they're entitled to a fixed percentage return as opposed to a percentage of profits.  So their return on investment is pretty much guaranteed assuming the business doesn't go under (it's not going under, MLB won't let it)

Profits and losses don't have to be allocated proportionally to ownership in a partnership, so perhaps they're getting a better-than-proportional profit allocation or are shielded from being allocated losses as a trade-off for making the investment with no decision making power

They don't have the funds to purchase an entire MLB franchise (their investment is more in line with something between a high end WNBA/low end MLS franchise valuation), so accepting a minority stake is their way of getting the asset appreciation that they're certainly betting on getting over time from MLB ownership.

They're investment groups, so there's a decent chance they care about the product on the field as much (or as little) as someone investing in a manufacturing company cares about mufflers, or whatever.