9:44pm: Dan Hayes of The Athletic writes that the Pohlads stay agency of their $1.7 billion ask. Hayes provides that whereas the Pohlads have certainly acquired curiosity from a number of events, they’ve additionally heard a couple of considerations — together with the collapse of their native TV cope with FanDuel Sports activities Networks and the upwards of $425MM in debt which the group has accrued. These within the course of are inspired to learn Hayes’ column in full for extra particulars.
8:14pm: The Twins have been on the market a minimum of relationship again to final October. These efforts appeared to stall in February, as perceived frontrunner Justin Ishbia dropped his pursuit in favor of taking a bigger minority share of the White Sox underneath Jerry Reinsdorf.
That opened some query about whether or not the Pohlad household may pull the franchise off the market solely. That also doesn’t seem probably. Phil Miller of The Minnesota Star-Tribune stories that the Pohlads have welcomed a number of potential patrons to Goal Subject this month. Whereas there’s no indication that any formal gives have been made, Miller writes that one supply recommended the method was nearer to a conclusion than its starting.
In March, The Athletic reported that the Pohlads had an asking worth of a minimum of $1.7 billion. Across the identical time, Forbes estimated the Minnesota group was value roughly $1.5 billion in its annual franchise valuations. CBNC positioned a $1.65 billion analysis in mid-April, extra intently aligning with the reported asking worth.
Carl Pohlad bought the staff for $44MM again in 1984. After Carl Pohlad died in 2009, his son Jim took management. Jim Pohlad turned over operations to his nephew, Joe, in November 2022.
