As mentioned above, there are lots of differences that both increased and decreased what the Pohlads could get.
- The Padres lost their TV deal in 2024, just a year before the Twins did, for very similar dollars. It was leaked that it cost them approximately $50m that first season, leading directly to more borrowing. The impact on the Twins was likely very similar, except that the Padres payroll was twice ours and they continued to win as we chopped ours down by 20%.
- There's so much more money in SoCal. People are used to spending a couple hundred bucks on entertainment out there, as opposed to $100 dinner tab being an event in MN. New owners are certain they can get more of it, or at least keep claiming their share in tickets, concessions, parking and gear.
- The Padres were carrying $300m in debt as well as $150m cash callbacks in recent years. Those were just rolled up as line items and accepted whereas no one was willing to do that in a Twins deal.
I think a lot comes down to culture, and the cheap folk living in the cold north are not as numerous or free with their money as the Californians. You don't lose a quarter of the schedule to April rain and September chill out there, and we go out in our short, precious summer rather than stay home to watch baseball on TV. There is a reason that the Central divisions do not feature the star power of the coasts, and it's because we don't have the money and density and weather of the coasts.
But they still should have been able to sell this team. The player names come and go, just about any contract can be traded or bought out, and you can fire every single person in an org down to the parking lot attendants if you think the losing culture is too much to over come. Which is my long way of saying I think the family really wanted piles of money from the team while staying involved much more than they wanted to sell it completely. There are lots of rich folks around, but the Pohlads like being the bigshots that saved baseball and own a team. No Dayton or Carlson can say that. Alas, I think they are still rich enough to want the bragging rights more than the money from a sale right now.