Sorry, there is little evidence to suggest that the Twins lost $50 million this year. And that is an insane amount. If it were true, that would suggest that the Twins Mgmt is horrible at running a profitable business and they would ALL have been canned. It certainly would be insane to sell the team after suffering a $50 million loss.
What this really points to is four things:
1) The family today does not have the affection for the Twins that Carl and Eloise had for decades (before and after buying the team). It wasn't vanity, it was affection, that spurred Carl to buy the team. Today, Jim, Bob and Bill Pohlad are the current owners with Joe as currently EVP (apparently Jim was bored with running the Twins). They see the team very differently than Carl--as an annual paycheck (as if they needed one), or a P&L statement, rather than a cherished part of the community. So, it seems like they just want to cash out.
2) I am guessing that they cut $30 million to try to even out the losses of the Bally contract--making them whole for the year. In their mind, they need to pocket $10 each and every year for upkeep of the mansions on Lake Mtka. What they really miss is how long term Sports management works to earn dollars. Carl understood community investment much better, trying to build value in the team as an asset to the community builds equity.
4) The living Pohlads have been poor stewards as they seem to be bad at hiring people to run their investment. There are far more profitable stream revenue streams than MLB or even Bally--companies that are rabidly expanding into sports steaming and have far far deeper pockets (Amazon, Microsoft, etc). That must be too complicated for them--all this new-fangled computer stuff! So, they keep plodding along with the same old-school management (because it is comfortable) and they manage the team into a tragic decline. The management is as near-sided as they can be. It appears that don't care about winning games, just making $$ to hang on to their jobs.
Rather than try to fix this mess that the Pohlad sons have made, they likely believe the estimates and are dreaming of splitting up $1.6 Billion three ways. Pathetic!