The Minnesota Twins were one of the lowest-spending teams in MLB free agency this winter under the Pohlad family for the second consecutive offseason. Now, the Pohlad family is putting its baseball franchise up for sale hoping someone else is willing to spend a lot more.
Minnesota’s MLB club seemed to be on the verge of being sold this offseason until billionaire Justin Ishbia backed out on the deal to increase his minority stake in the Chicago White Sox. Doing so left the Pohlad family scrambling to find a new buyer willing to match their asking price for the club.
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- Minnesota Twins franchise value (Forbes): $1.46 billion
According to The Athletic‘s Ken Rosenthal, Brittany Ghiroli and Dan Hayes, the Pohlads are “believed” to be seeking $1.7 billion for majority control of the Twins’ franchise. Furthermore, the family reportedly told one interested buyer that $1.5 billion for the club was a “non-starter” in negotiations.
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Why the Minnesota Twins’ $1.7 billion asking price is lofty
The asking price from the Pohlad family significantly exceeds the franchise value estimated by Forbes. Complicating matters even further for the franchise, the Twins are dealing with an unusually high debt of $425 million right now.
A $1.7 billion asking price becomes even more lofty with added context that influences what potential buyers are willing to pay. Minnesota ranked 23rd in MLB attendance last season (24,094 per game) after ranking 19th in 2023 and 2021.
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Draining the Twins revenue even further, the Pohlad family announced a split from Bally Sports North in October 2024 to become affiliated with MLB’s in-market TV package. While the partnership with MLB will make the process easier and more accessible to fans, it also comes with less TV revenue for the club.
With stadium revenue (attendance) and TV revenue on the decline, the Twins’ financial margins have changed dramatically in recent years. With the total debt also tied into the franchise, the Pohlad family will likely have to lower their asking price to move on from the club.
