The Minnesota Twins ownership has completed the sale of a minority stake in the team to three new investors as part of a limited partnership. This move came after the Pohlad family decided earlier this year to retain control of the franchise but sought fresh capital and strategic input. Additionally, the team announced that Tom Pohlad will replace his brother Joe Pohlad as the controlling owner and main liaison with Major League Baseball, marking a leadership transition connected with the new investors.
MLB has approved a non-controlling minority interest purchase by Glick Family Investments, a New York-based venture capital firm, along with a group of Minnesota business leaders led by George Hicks and Craig Leipold, owner of the Minnesota Wild. The exact purchase price hasn’t been made public, though previous valuations placed the Twins between $1.5 billion and $1.7 billion.
Joe Pohlad, who served as executive chairman for three years, is succeeded by his brother Tom Pohlad, who previously managed the family’s business interests but has not held a baseball role before. The family’s leadership legacy dates back to their grandfather Carl Pohlad, who bought the team in 1984. MLB approval is still pending for Tom Pohlad’s new role.
Tom Pohlad expressed his commitment to upholding the family’s long-standing dedication to the team and community, emphasizing accountability and the pursuit of championships. The Pohlad family had considered selling the franchise amid financial struggles, including $500 million in debt and declining revenues due to pandemic impacts and lost TV contracts. The Twins have won two World Series titles, in 1987 and 1991, but have only reached the American League Championship Series once since 2002.
In recent years, the team broke a long postseason losing streak and underwent managerial changes after a tough 2025 season. George Hicks, a lifelong Twins fan and successful investor, voiced enthusiasm about joining the ownership group, reflecting the community’s deep connection to the team.
Fan Take: This new ownership structure brings hope for revitalization and renewed investment in the Twins, which could boost competitiveness and fan engagement. Baseball fans should watch closely, as fresh leadership and capital might signal a brighter future not only for the Twins but also for the sport in Minnesota.
