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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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