Anybody got a spare $1.46 billion?
It looks like we’re about to have another professional sports franchise switching ownership, as the Minnesota Twins will soon be put up for sale. Owned by the Pohlad family since 1984, they will “explore” a sale for Minnesota, according to an official statement Thursday. (RELATED: Tampa Bay Rays’ Tropicana Field Sees Category 3 Hurricane Milton Blow Its Roof Off)
“After months of thoughtful consideration, our family reached a decision this summer to explore selling the Twins,” the organization said. “As we enter the next phase of this process, the time is right to make this decision public,” said the Twins franchise. “We truly respect and cherish what the Twins mean to Minneapolis, St. Paul, the great state of Minnesota, and this entire region. Our goal is to be as informative as possible with the team, staff, and you, the fans.”
Recently, Forbes gave an estimate on how much the Twins are worth, with the number coming in at a whopping $1.46 billion. And if you consider the $44 million that the Pohlads paid for it back in 1984, that makes for one hell of a return on investment.
The Pohlad family’s statement on today’s news: pic.twitter.com/bHyTEAkLsL
— Minnesota Twins (@Twins) October 10, 2024
Yeah, Minnesota collapsed and ultimately lost out on a playoff spot to their AL Central rival Detroit Tigers here in the 2024 campaign, but the Twins have consistently made the postseason over the years. So, the Pohlads have done a magnificent job at setting up the franchise to be sold.
As far as a potential buyer, the Twins are a solid organization to purchase, it just sucks about that whole “being in Minneapolis” thing…
This article was originally published at dailycaller.com
