Why they had to find investors

[ashbury]

5 hours ago, Richie the Rally Goat said:

I believe the group i volunteered with received remuneration of some kind, 5-10% of the profit, something like that.

Ah, so like spam callers situated in a boiler room. 😁

[DJL44]

43 minutes ago, ashbury said:

Ah, so like spam callers situated in a boiler room. 😁

I hope the Twins vet their charities better than the Padres did. That was a pretty big scandal.

[SF Twins Fan]

19 hours ago, Parfigliano said:

I thought the game day ushers were an unpaid volunteer type deal

In college, my lacrosse team would "volunteer" to work concessions at Wild games.  Any money we made went to paying down the cost of our team expenses. Travel, food, etc. So, at least for the Wild they were paying concession workers.  

[Eris]

On 12/20/2025 at 11:02 AM, Richie the Rally Goat said:

The debt $300m-$500m is 2-3 years of operating costs? How does this team accumulate that much debt in 5 years?

When the sale of the team was first discussed on TD, I had understood that about 400 million of debt is from the Twins portion of Target Field construction. Is this not correct. 
 

edited to add. Linked is a discussion of the debt, but I don’t references. 
 

https://puckettspond.com/are-the-twins-profitable-despite-their-425-million-in-debt-01k20ej1ggpq

[Richie the Rally Goat]

9 minutes ago, Eris said:

When the sale of the team was first discussed on TD, I had understood that about 400 million of debt is from the Twins portion of Target Field construction. Is this not correct. 
 

edited to add. Linked is a discussion of the debt, but I don’t references. 
 

https://puckettspond.com/are-the-twins-profitable-despite-their-425-million-in-debt-01k20ej1ggpq

I could see that being the case and I assumed that at the time, but articles since then (Hayes I think) said the debt was accumulated since 2020

[nicksaviking]

15 minutes ago, Eris said:

When the sale of the team was first discussed on TD, I had understood that about 400 million of debt is from the Twins portion of Target Field construction. Is this not correct. 
 

edited to add. Linked is a discussion of the debt, but I don’t references. 
 

https://puckettspond.com/are-the-twins-profitable-despite-their-425-million-in-debt-01k20ej1ggpq

Depending on if you file your business returns on a fiscal year or calendar year and if you file an extension, you can amend your K1s to adjust loss percentage pretty much any time of the year. I presume the Pohlad real estate and auto dealership losses held by Minnesota Twins LLC were amended as part of negotiations with the new investors.

[The Great Hambino]

12 minutes ago, Richie the Rally Goat said:

I could see that being the case and I assumed that at the time, but articles since then (Hayes I think) said the debt was accumulated since 2020

I believe the Hayes article said they were in the neighborhood of about $200M in 2019, which would be roughly in line with what most franchises in their value range carry on their books according to sources like Forbes