Twins Officially Announce Additions to Team’s Ownership Group

[Cody Christie]

Image courtesy of ​© Jordan Johnson-Imagn Images

Four months after publicly backing away from a full sale of the franchise, the Minnesota Twins have taken a significant step toward financial and organizational stability. On Wednesday, the club announced the addition of several new limited partners, all while the Pohlad family maintains controlling interest and responsibility for day-to-day operations.

The new ownership additions include Minnesota Wild owner Craig Leipold, New York-based Glick Family Investments, and Minnesota native George G. Hicks, founder of global investment firm Värde Partners. Major League Baseball has approved the transaction, which brings in minority investors with extensive experience across business, sports, and entertainment.

The Twins emphasized that the Pohlad family remains firmly in charge, a key distinction after a turbulent year that included payroll cuts, public backlash, and an aborted attempt to sell the team outright. This move instead reflects a middle ground, adding capital and stability without fully relinquishing control.

“As a lifelong Twins fan, I am honored and excited to join the Pohlad family as a steward of this beloved franchise,” said Hicks. “Like many in the state, some of my favorite memories are of times spent watching and cheering for the Twins. The leaders I represent share these values and recognize the importance of Twins baseball to our communities. This is the opportunity of a lifetime and one we view as a true privilege and responsibility.”

Alongside the ownership announcement, the Twins also revealed a notable shift in leadership structure. Tom Pohlad will succeed his brother Joe in overseeing the organization and will replace his uncle Jim as the franchise’s primary liaison to Major League Baseball.

“It is a profound honor to have the opportunity to continue a legacy that has been part of my family — and this community — for the past 40 years,” Tom Pohlad said. “My uncle and my brother have led this organization with integrity, dedication, and a genuine love for the game. As I assume my new role, I do so with great respect for our history and a clear focus on the future — one defined by accountability and stewardship in our relentless pursuit of a championship.”

Joe Pohlad will step away from his day-to-day role, but remain involved as an advocate for the organization and its employees.

“It has been one of the greatest responsibilities and privileges of my life to work alongside the people in this organization and to serve our fans,” Joe Pohlad said. “As we begin this next chapter in our ownership of the Twins, I will be stepping away from my day-to-day role. I will continue to champion our employees and Twins Territory as our organization moves forward.”

Taken together, the additions of limited partners and the reshuffling of leadership suggest a franchise attempting to reset its footing. While this does not represent the clean break some fans expected when a sale was first floated, it does signal renewed commitment and a clearer organizational direction. For a team searching for stability after two bruising years, that alone may be a meaningful step forward.

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[LastOnePicked]

“My uncle and my brother have led this organization with integrity, dedication, and a genuine love for the game. As I assume my new role, I do so with great respect for our history and a clear focus on the future — one defined by accountability and stewardship in our relentless pursuit of a championship.”

I think we all need a small tweak of the good advice from our folks: "If you don't have anything genuine to say, don't say anything at all."

I guess when you're part of the legacy elite, you don't have any real conception of what "accountability and stewardship" or "relentless pursuit" actually mean.

Good for the Pohlads, though. Always nice to have rich friends offer a bailout for bad business decisions.

[The Great Hambino]

This is like the lamest episode of "Succession" ever

[dberthia]

The more things change, the more they stay the same. The Pohlad family is like a whack-a-mole game- there's always going to be another one popping up.

[TheLeviathan]

At least Leipold is a good owner in his sport.  Maybe some of that will rub-off on this conveyer belt of Pohlad descendents we keep casting off every couple years.

[EGFTShaw]

1 hour ago, dberthia said:

The more things change, the more they stay the same. The Pohlad family is like a whack-a-mole game- there's always going to be another one popping up.

We are going to need a bigger WHACK

[EGFTShaw]

36 minutes ago, TheLeviathan said:

At least Leipold is a good owner in his sport.  Maybe some of that will rub-off on this conveyer belt of Pohlad descendents we keep casting off every couple years.

I laughed at your post, but it was more my ****** mood and total disbelief the Pohlads can change.  40 years of the same old baloney.

I love your optimism and that is where I normally sit.

[Cap'n Piranha]

45 minutes ago, TheLeviathan said:

At least Leipold is a good owner in his sport.  Maybe some of that will rub-off on this conveyer belt of Pohlad descendents we keep casting off every couple years.

He's owned the Wild for 17 years, and has been out of the first round twice, and both times immediately lost in the next round.  Better than the Twins for the past 17 years sure, but not exactly championship caliber.

[Unwinder]

As a Twins fan who's been clamoring for years for the Pohlads to make a token change that seems vaguely better than nothing, I'm ecstatic. 

[hlsballer318]

15 minutes ago, Cap'n Piranha said:

He's owned the Wild for 17 years, and has been out of the first round twice, and both times immediately lost in the next round.  Better than the Twins for the past 17 years sure, but not exactly championship caliber.

Maybe baseball's his real passion and hockey is just a hobby

[Old Twins Hat]

What's the story on the Glick Family from New York.  Candidates to buy the franchise?  They aren't doing this because they feel bad for the Pohlads right?

[Nashvilletwin]

I get that Leipold hasn’t done much with the Wild franchise since he’s be the owner. But at least he has a GM now that knows what he’s doing.

Could the best part of this announcement is that we now have a new Nephew in charge?  Seriously, could Nephew Part Deux be any worse than the original?  

[jmlease1]

13 minutes ago, Nashvilletwin said:

I get that Leipold hasn’t done much with the Wild franchise since he’s be the owner. But at least he has a GM now that knows what he’s doing.

Could the best part of this announcement is that we now have a new Nephew in charge?  Seriously, could Nephew Part Deux be any worse than the original?  

Leipold hasn't been as successful; as Wild fans would like, but at least it's clear that he's a) trying, and b) loves hockey. Part of the utter dissatisfaction with the Pohlad Family ownership is they frequently don't seem to be trying to do anything significant with the Twins, and outside of Nephew Joe (who boy howdy was the King of Not Ready For Prime Time) and the long gone Eloise they've never seemed to actually care about baseball all that much.

The fact that they've been out selling the idea that they managed to heap hundreds of millions of debt on the team in only 5 years tells a lot about how they actually run the franchise.

I don't expect much from the new minority owners; minority owners don't get much say. But if it clears the debt and makes the franchise more saleable after the sadly seemingly inevitable lockout in 2027...

[Parfigliano]

3 hours ago, dberthia said:

The more things change, the more they stay the same. The Pohlad family is like a whack-a-mole game- there's always going to be another one popping up.

What are the odds the new Pohlad in charge is an idiot too?  Even money?

[Mike Sixel]

Lots of comments from Tom on Gleeman's bluesky (and I assume X) posts. They, um, don't instill confidence. 

[NYCTK]

1 hour ago, Old Twins Hat said:

What's the story on the Glick Family from New York.  Candidates to buy the franchise?  They aren't doing this because they feel bad for the Pohlads right?

 

[sweetmusicviola16]

So we get these new minority owners but the same old routine. Example #1 is yesterdays signing of Bell. Nothing has changed. Next to come will be 4 more FA signings at 3-4mil each. Same old ****  different ****ing day. Someone will say "you don't like Bell then what should they have done? He's the best we could get." You don't keep chasing the same rabbit down the same old hole. This is what is continuing to occur. nyctk have a great idea in another thread. You trade for a ML ready prospect. His proposal was Ryan Cliffrord. No this doesn't ooh and ahh but it's a change of direction and since we have zero ML ready 1B in the system you use someone we do have to acquire one, didn't have to be Clifford. But the new regime chose to do it the same old way again and next season guess what? It's what we're likely doing again. Stop.

[sweetmusicviola16]

15 minutes ago, Mike Sixel said:

Lots of comments from Tom on Gleeman's bluesky (and I assume X) posts. They, um, don't instill confidence. 

hmmmm, I can already see why.

[Pat]

A "new" Pohlad who is committed to field a winner.  Be still my heart!!!

[TheLeviathan]

2 hours ago, Cap'n Piranha said:

He's owned the Wild for 17 years, and has been out of the first round twice, and both times immediately lost in the next round.  Better than the Twins for the past 17 years sure, but not exactly championship caliber.

Yup, success has been a struggle and I think he has had to learn to put better people in hockey ops.  But you can count on them to be well run for fans and willing to be aggressive.

 

I'll take that.

[LastOnePicked]

50 minutes ago, Mike Sixel said:

Lots of comments from Tom on Gleeman's bluesky (and I assume X) posts. They, um, don't instill confidence. 

Well he's a great historian. I had no idea Rome wasn't built in a day. Had to look it up, but he was right.

Honestly, just nonsense corporate stuff from an entire family that still has no understanding of winning baseball. The "new era" of Twins ownership is here. It's exactly the same as the old era.

[LastOnePicked]

This is my favorite part of Tom Pohlad's responses to Gleeman's questions. Gleeman asked about the danger of taking half measures - keeping your core but not adding around them. Tom responded:

So he worries about it, yes. But it's not a half-measure, so he doesn't worry about it. Maybe.

Got it. Clear as mud. I don't think these folks could find their way out a paper sack without a servant to lift the flap.

[KirbyDome89]

Just now, LastOnePicked said:

This is my favorite part of Tom Pohlad's responses to Gleeman's questions. Gleeman asked about the danger of taking half measures - keeping your core but not adding around them. Tom responded:

So he worries about it, yes. But it's not a half-measure, so he doesn't worry about it. Maybe.

Got it. Clear as mud. I don't think these folks could find their way out a paper sack without a servant to lift the flap.

They just can't help themselves...

My favorite was the "we don't need to invest another $50-$60M into this roster right now," comment immediately followed by a "we just need to convince fans to buy in," line. Classic. 

[LastOnePicked]

14 minutes ago, KirbyDome89 said:

My favorite was the "we don't need to invest another $50-$60M into this roster right now," comment immediately followed by a "we just need to convince fans to buy in," line. Classic. 

Honestly, I don't want them to invest another $50-$60M into this roster. That'd be a waste. This team isn't close to contention. All I want to hear is, "We've learned a huge lesson about striking when the iron is hot. We didn't do that, and we broke fans' trust. We have a young roster now. We want to see how it shakes out. But we will be investing in development. This needs to be a world-class organization for player development. That's our mission, so when the CBA is signed, we're ready to elevate our game."

But they don't know how to think like this, talk like this or plan like this. So nothing whatsoever will change for this franchise.

[Mike Sixel]

Just now, LastOnePicked said:

Honestly, I don't want them to invest another $50-$60M into this roster. That'd be a waste. This team isn't close to contention. All I want to hear is, "We've learned a huge lesson about striking when the iron is hot. We didn't do that, and we broke fans' trust. We have a young roster now. We want to see how it shakes out. But we will be investing in development. This needs to be a world-class organization for player development. That's our mission, so when the CBA is signed, we're ready to elevate our game."

But they don't know how to think like this, talk like this or plan like this. So nothing whatsoever will change for this franchise.

Amen. If he'd have said "this core didn't turn out like we hope. We are assessing the best way forward, given that. But, the next time we have a core that is what we hope? We won't be decreasing payroll, but investing in it." That would have been great....

[LastOnePicked]

3 minutes ago, Mike Sixel said:

Amen. If he'd have said "this core didn't turn out like we hope. We are assessing the best way forward, given that. But, the next time we have a core that is what we hope? We won't be decreasing payroll, but investing in it." That would have been great....

Even just brutal, disgusting honesty is preferable at this point: "Our investors came on board mostly just hoping for NFL-style revenue sharing. Our plan is to take in league dollars while fielding a low payroll club. Not so low that we'll be paying for expensive high draft picks year after year, but not so high that we'll actually be competing. We want the appearance of competing without the fuss of contention. We're looking for that sweet spot until we find a franchise sale price that's in our target range."

[The Great Hambino]

42 minutes ago, LastOnePicked said:

This is my favorite part of Tom Pohlad's responses to Gleeman's questions. Gleeman asked about the danger of taking half measures - keeping your core but not adding around them. Tom responded:

So he worries about it, yes. But it's not a half-measure, so he doesn't worry about it. Maybe.

Got it. Clear as mud. I don't think these folks could find their way out a paper sack without a servant to lift the flap.

WTF?  That's basically the dictionary definition of a half-measure.  

[Blyleven2011]

5 hours ago, LastOnePicked said:

“My uncle and my brother have led this organization with integrity, dedication, and a genuine love for the game. As I assume my new role, I do so with great respect for our history and a clear focus on the future — one defined by accountability and stewardship in our relentless pursuit of a championship.”

I think we all need a small tweak of the good advice from our folks: "If you don't have anything genuine to say, don't say anything at all."

I guess when you're part of the legacy elite, you don't have any real conception of what "accountability and stewardship" or "relentless pursuit" actually mean.

Good for the Pohlads, though. Always nice to have rich friends offer a bailout for bad business decisions.

Notice the pole on pohlads approval rating , now that they have spent some money on Bell and announced the minority owners , the tally in approval has climbed to over 5 , i cant recall it being over 5 in a very very long time  ...

See what spending money does to a person , it makes them happy ...

I personally haven't changed  , i still want new owner , the pohlads screwed this organization up after 2023 and let the fans down with a window of opportunity ...

With out looking it up , if GM's were given the wins just like the manager gets , who would have the most wins in a 10 season period  , Derek Falvey or Mr Terry Ryan ...

[LastOnePicked]

17 minutes ago, The Great Hambino said:

WTF?  That's basically the dictionary definition of a half-measure.  

It can't be. He doesn't work in half measures. Well, half the time he doesn't.

[CRF]

What was your favorite Joe Pohlad moment? Yeah...I didn't have one either. What will Tommy-Boy be like?