The Pohlad family’s attempts to sell the Twins hit a major roadblock last month. Justin and Mat Ishbia, who had seemed to be the frontrunners, withdrew from the process to increase Justin Ishbia’s minority stake in the White Sox.
When the Ishbia brothers were still in the mix, the Pohlad family was reportedly hoping to have a sale completed by Opening Day. LaVelle E. Neal III of the Minnesota Star-Tribune writes that hope of settling on a buyer by Opening Day is no longer on the table. Neal speculates that a mid-late summer timeline for a deal could be more realistic.
Neal writes that he still anticipates the Pohlads will find a buyer. Dan Hayes of The Athletic wrote in the immediate aftermath of the Ishbia withdrawal that the Pohlads could consider taking the franchise off the market if they didn’t find a suitable asking price. To be clear, the Star-Tribune report isn’t refuting that. Rather, Neal writes that the Pohlads are receiving sufficient interest to believe that they’ll eventually find what they deem to be an acceptable bid.
The identities of those bidders aren’t known. The Ishbias were the only publicly reported suitor, though reports have long suggested they weren’t the only interested party. Forbes estimates the franchise’s value around $1.46 billion; Sportico’s projection is approximately $1.7 billion. The Orioles, the most recent franchise sold, went for a $1.725 billion purchase price in January 2024.
