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According to Bloomberg, Justin Ishbia, who has an estimated net worth north of $5.4 billion, is "exploring a bid" for the Twins.
While news of a potential bid is encouraging by itself, Twins fans have to be dually excited about the Ishbia brothers being the bidders. They promptly acquired NBA super star Kevin Durant a mere days after acquiring the Suns, and this past summer they invested in the Mercury by unveiling a $100 million, state-of-the-art practice facility. Additionally, they went against the norm by making Suns and Mercury game free for all to watch with an over-the-air TV deal. As if all that wasn't encouraging enough, Dan Hayes shared the following regarding their pursuit of building a championship-caliber team.
The Isbia brothers have their hands in a little bit of everything. Justin is a founding partner of a Chicago-based private equity firm, owns an interest in a wholesale mortgage lender, and is a minority owner of Nashville SC of Major League Soccer. Mat is the CEO and chairman of the aforementioned wholesale mortgage lender and has shown interest in bringing the National Hockey League back to Phoenix.
The brothers are very new to the sports ownership business so there's not a lot out there regarding their reputation and how hands-on they are in day-to-day operations. There were questions about their hiring of Nick U'ren (Golden State) and Nate Tibbets (Orlando Magic) as GM and Head Coach, respectively, as he wanted to bring more of the NBA into the WNBA. There was also scrutiny by some for how the Phoenix Mercury handled the maternity leave of then Mercury player Skylar Diggins-Smith, following her pregnancy. Finally, Mat Ishbia was involved in an altercation with Denver Nuggets star Nikola Jokic in the 2023 NBA Playoffs.
In short, this appears to be a very positive development for the Twins and their fans as the Ishbia brothers have a track record, albeit small, of aggressively investing into their teams and making the product more accessible to fans. Time will tell if they can reach a deal with the Pohlad's and make this official.
What are your initial thoughts on the news? Join the conversation in the comments!
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