Twins announce plans to explore selling the team after 40 years under the Pohlad family

The Minnesota Twins are for sale.

After owning the team for 40 seasons, the Pohlad family said in a statement on social media Thursday that it would explore selling the franchise.

“For the past 40 seasons, the Minnesota Twins have been part of the heart and soul of our family,” Joe Pohlad, Twins chairman and third-generation owner, said in a statement.

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The Opening Day logo is seen at Target Field for the game between the Cleveland Guardians and the Minnesota Twins on April 4, 2024 in Minneapolis. (Matt Krohn/MLB Photos via Getty Images)

“This team is woven into our lives and the Twins community has become an extension of our family. The staff, the players and most of all you, the fans – everyone who makes up this incredible organization – are a part of it.” “We have never taken lightly the privilege of being stewards of this franchise,” it said the declaration.

Under the Pohlad family's ownership, the Twins won two World Series in 1987 and 1991. The Twins won nine American Central Division titles and earned a wild-card berth under their ownership.

“After months of careful consideration, our family made the decision this summer to explore selling the twins. As we enter the next phase of this process, it is time to make this decision public,” the statement continued.

The Twins are coming off a season in which they finished 82-80, but went 9-18 in September and ended up missing the playoffs.

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Minnesota Twins manager Rocco Baldelli adjusts his hat during the Detroit Tigers game at Comerica Park. (Raj Mehta-USA Today Sports)

Rocco Baldelli will remain coach next season. He led the team for six seasons and led the Twins to three AL Central titles.

Baldelli also led the Twins to a playoff series win in 2023, which was their first playoff series win since 2002.

Despite success in 2023, Pohlad ordered a spending cut that equated to a nearly $30 million pay cut as the team suffered losses in local television revenue due to the bankruptcy of cable network Bally Sports.

Pohlad said he is aware of the team's importance to the region and will take that into account in this process.

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From left: Minnesota Twins owner Joe Pohlad, president Dave St. Peter and manager Ron Gardenhire recognize local sportswriter Sid Hartman at Target Field. (Brad Rempel – USA Today Sports)

“After four decades of commitment, passion and countless memories, we look to the future with care and intention – for our family, the Twins organization and this community we love so much,” the statement said.

The Twins have been in Minnesota since 1961 after the Washington Senators moved to the Minneapolis area.

“We truly respect and appreciate what the Twins mean to Minneapolis, St. Paul, the great state of Minnesota and the entire region. Our goal is to be as informative as possible with the team, the staff and you, the fans. You.” “We deserve this because in many ways this team doesn't belong to one family – it belongs to all of you.”

The Associated Press contributed to this report.

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