Sportico.com is reporting that the Twins have retained investment bank Allen & Company to aid in the search for a new ownership group. The site reports the franchise is valued at $1.7 billion with revenue generated in 2023 at $309 million, which ranks in the bottom third of the league.

Only two teams have had the same ownership longer than the Twins, who were purchased by the late Carl Pohlad, who built his fortune in banking, for $44 million in 1984.

Pohlad said the family made the decision to explore a sale this past summer. “For the past 40 seasons, the Minnesota Twins have been part of our family’s heart and soul,” Po

Three of the last four Major League Baseball teams sold to new owners have increased their value since the change in ownership.

After 40 years of owning the Minnesota Twins, the Pohlad family on Thursday announced they're exploring a sale of the team. Why it matters: It's a historic moment of transition for a franchise that has essentially only had two owners during its 123-year history between Washington,

Minnesota Twins owner Joe Pohlad announced on Thursday that his family will begin exploring a sale of the team. The Pohlad family has owned the Twins since 1984, making them the fourth-longest tenured owners in baseball behind the New York Yankees (1973),