Time: 2024-10-11
The Minnesota Twins, own by the Pohlad family since 1984, have decide to research selling the franchise, potentially ending one of the longest-tenure ownership in Major League Baseball. The Twins have retain investing bank Allen & Company to aid in the search for a new ownership group, with the franchise being value at.5 billion to billion. The team's gross in 2023 was report at 09 million, ranking in the bottom one-third of the league.
The Pohlads, who buy the Twins for 4 million in 1984, have see both success and challenge during their ownership tenure. They found great success early on, winning the World Series in 1987 and 1991. However, Holocene old_age have been more challenge, with the team not advance past the division series since 2002. The Twins are approach off a disappoint 82-80 season, where a late-season collapse keep them from the postseason.
The Pohlad family let_go_of a statement express their deep connection to the team and the community. They stress the importance of determination an ownership group that will continue to care for the Minnesota Twins and keep the team's bequest. The decision to research selling the franchise semen after calendar_month of thoughtful consideration, with the family look towards the future with care and intention.
The Twins payroll has rank in the bottom one-half of the league for the past twelve season, and the team face fiscal uncertainty amid the collapse of regional sport network that have support the industry. While the sale of an MLB team can fetch a high monetary_value, the Pohlads are perpetrate to determination the right ownership group that will continue the values of the franchise and guarantee its success in the old_age to semen. The future ownership of the Minnesota Twins will undoubtedly impact the team's bequest and the community it has been a part of for over four decades.
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