The Minnesota Twins are being put up for sale by the Pohlad family

The Minnesota Twins will change ownership as the Pohlad family, who have owned the organization since 1984, have decided to sell the organization. The news was first reported by the Minneapolis Star-Tribune and confirmed by MLB.com.

Twins chairman Joe Pohlad said in a statement that the family made the decision earlier this season but that now was the right time to announce it to the world.

Businessman Carl Pohlad purchased the team in 1984 from the Griffith family, who had owned the team since its inception as the Washington Senators in 1919, and moved the club to Minneapolis in 1961. Under the Pohlad family's leadership, Minnesota won the 1991 World Series in 1987 and moved from the Hubert H. Humphrey Metrodome to Target Field in 2010.

Carl Pohlad, who died in 2009, tried to sell the club twice during his time as owner before passing the team on to his children. In 1997, he made attempts to sell the team and move it to North Carolina, but those efforts failed. In 2001, faced with a struggling team and one of the worst stadiums in baseball, Pohlad offered to sell the club to the MLB for $150 million and sign the team.

While Minnesota hasn't made the World Series since the days of Jack Morris and Kirby Puckett, the club was a fixture in the AL playoffs in the early 2000s and made the postseason six times between 2002 and 2010. But only the Twins managed to top the American League Division Series, the opening round at the time, only once – they were defeated by the Angels in the 2002 ALCS.

This early 20th century success came when the team was among the lowest-paying clubs in the MLB. As homegrown stars – and eventual AL MVPs like Joe Mauer and Justin Morneau – developed and the club moved to the new stadium, the team increased its spending, but the success of the first half of the century could not be repeated. Minnesota experienced some lean years in the 2010s, making the playoffs just once from 2011 to 2018.

Entering the 2024 season, Forbes ranked the Twins as the 21st most valuable franchise in Major League Baseball at $1.46 billion.