about 3 hours ago

Pohlad Family Explains Why They Kept Twins Despite $500M Debt

The Twins’ $500 million debt nearly forced a sale, with Joe Pohlad admitting, “That was really the driver.” Fans expected new ownership after payroll cuts, but two unnamed minority investor groups from Minnesota and the East Coast stepped in, erasing the debt while the family kept majority control. “We never wanted to sell,” Tom Pohlad stressed, while promising financial boost.