Size of MN Twins’ New Limited Partners Confirmed

The Minnesota Twins ended August by parting with nearly half of their active roster, for what was later revealed as a cost-cutting move for the Pohlad ownership group, who mandated the selloff.

Worse yet, they announced the team was no longer for sale, after about 10 months of shopping the MLB organization the late Carl Pohlad purchased back in 1982.

Instead, the Pohlads decided to retain their majority stake. To fix their short-term cash-flow problems, they sold a minority share to two different investor groups, one local and the other from out east, according to reports.

And while we don’t yet know the identities of these new limited partners, we are starting to get a better grasp of how much ownership pie they bought.

Twenty percent of Minnesota Twins trades hands

Prior to Tuesday, the number being floated around was 20%. Yesterday, though, The Athletic’s Dan Hayes was able to confirm that percentage, along with a more detailed debt number, “in excess of $430 million.”

Sources confirmed that those limited partnerships are purchasing at least 20 percent of the club, moves that should help the team reduce accrued debt in excess of $430 million.

Dan Hayes – The Athletic

Selling a minority stake of the Minnesota Twins will help the Pohlads generate additional cash flow, as they will no longer have to make interest payments on their debt, which at that number, was becoming a serious problem.

Trading Carlos Correa (along with $30 million in cash) to Houston at the deadline allowed the Twins to unload $70 million in future salary. Ownership also fired nearly all of its pro scouting department on Tuesday, a move that likely saves something like $400,000, or roughly 2% of the bottom line.

Related: MN Twins Axe Scouting Department

How big of a voice these minority partners will get in franchise altering decisions, remains to be seen. Despite the addition of these new owners and additional cash-flow, fans and media alike continue to brace for more payroll cuts in the offseason.

It’s a sad state of affairs for the franchise, and everything is entirely self inflicted. The Pohlads pulled the plug following the 2023 season rather than pouring gas on what was a burning fire. Now they are just watching it all go up in flames.