Twins Owners Reverse Sale, Secure Minority Investment | JQJO

The Pohlad family, owners of the Minnesota Twins, unexpectedly reversed their decision to sell the debt-ridden franchise. Instead, they secured a significant cash infusion from two minority investors, acquiring over 20% of the team for a valuation exceeding the $1.7 billion asking price. This move, which surprised potential buyers, will primarily be used to reduce the team's substantial debt. The Pohlads will retain control, despite fan discontent stemming from recent player trades and payroll cuts. The deal is pending MLB approval.