Current:Home > MarketsMinnesota Twins announce plans for sale after 40 years in the Pohlad family-LoTradeCoin
Minnesota Twins announce plans for sale after 40 years in the Pohlad family
View Date:2024-12-24 00:50:03
After 40 years of owning the Minnesota Twins, the Pohlad family said Thursday it plans to sell the team.
The Twins have had great triumphs on the family’s watch. With Kirby Puckett leading the way, Minnesota won World Series titles in 1987 and 1991. Since the turn of the century, the Twins have won the American League Central Division title nine times and claimed a wild card spot once.
There also have been frustrations — the Twins finally broke an 18-game postseason losing streak last year.
“For the past 40 seasons, the Minnesota Twins have been part of our family’s heart and soul,” Twins executive chair Joe Pohlad, a third-generation owner, said in a statement. “This team is woven into the fabric of our lives, and the Twins community has become an extension of our family. The staff, the players, and most importantly, you, the fans — everyone who makes up this unbelievable organization — is part of that. We’ve never taken lightly the privilege of being stewards of this franchise.
“However, after months of thoughtful consideration, our family reached a decision this summer to explore selling the Twins. As we enter the next phase of this process, the time is right to make this decision public.”
The Twins have been competitive in recent years — they went 87-75 and made the playoffs in 2023 and won a playoff series for the first time since 2002. The manager, Rocco Baldelli, has led the team to three division titles in six years.
But being close to greater success has been part of the frustration from a fanbase that has wanted the franchise to take another step. After the successful 2023 season, the team faced a loss in local television revenue due to the bankruptcy of cable network Bally Sports. Pohlad then ordered a spending cut that amounted to a nearly $30 million salary decrease — something that rankled fans who have long been frustrated with the family for its conservative approach to player spending. The Twins went 82-80 this season, missing the playoffs after a late-season collapse.
The Minnesota Twins started play in the American League in 1961 after the Washington Senators relocated to the Minneapolis area.
Pohlad said he recognizes the team’s importance to the area, and that will be a consideration in the process.
“After four decades of commitment, passion, and countless memories, we are looking toward the future with care and intention — for our family, the Twins organization, and this community we love so much,” he said.
___
AP MLB: https://apnews.com/hub/MLB
veryGood! (25739)
Related
- Ben Affleck and His Son Samuel, 12, Enjoy a Rare Night Out Together
- Checkbook please: Disparity in MLB payrolls grows after Dodgers' billion-dollar winter
- Duke knocks off No. 1 seed Houston to set up all-ACC Elite Eight in South Region
- Ayesha Curry Details Close Friendship With Great Mom Lindsay Lohan
- Mechanic dies after being 'trapped' under Amazon delivery van at Florida-based center
- New York City’s mayor gets baptized in jail by Rev. Al Sharpton on Good Friday
- When is Passover 2024? What you need to know about the Jewish holiday
- 2024 NHL playoffs: Bracket, updated standings, latest playoff picture and more
- U.S.-Mexico water agreement might bring relief to parched South Texas
- Diddy's houses were raided by law enforcement: What does this mean for the music mogul?
Ranking
- These Yellowstone Gift Guide Picks Will Make You Feel Like You’re on the Dutton Ranch
- Nate Oats channels Nick Saban's 'rat poison' talk as former Alabama football coach provides support
- Baltimore bridge collapse victim, father of three, was fighting for us always, wife tells WJZ
- High winds and turbulence force flight from Israel to New Jersey to be diverted to New York state
- Minnesota county to pay $3.4M to end lawsuit over detainee’s death
- Former Justice Eileen O’Neill Burke wins Democratic primary in Chicago-area prosecutor’s race
- Trump asks appeals court to review ruling allowing Fani Willis to remain on Georgia election case
- Duke knocks off No. 1 seed Houston to set up all-ACC Elite Eight in South Region
Recommendation
-
‘Emilia Pérez’ wouldn’t work without Karla Sofía Gascón. Now, she could make trans history
-
3 Pennsylvania men have convictions overturned after decades behind bars in woman’s 1997 killing
-
Trump asks appeals court to review ruling allowing Fani Willis to remain on Georgia election case
-
Funeral held for Joe Lieberman, longtime U.S. senator and 2000 vice presidential nominee
-
'Yellowstone' premiere: Record ratings, Rip's ride and Billy Klapper's tribute
-
Trump asks appeals court to review ruling allowing Fani Willis to remain on Georgia election case
-
Sean Diddy Combs Seen for the First Time Since Federal Raids at His Homes
-
Poison reports for dogs surge 200% at Easter: What to know to keep dogs, other pets safe