One of those groups was announced on Wednesday. It’s made up mostly of Glick Family Investments, George C. Hicks, and Minnesota Wild owner Craig Leipold. But that wasn’t the only announcement made by the MN Twins this afternoon.

Minnesota Twins replace Joe Pohlad with Tom Pohlad

Today, before the scheduled press conference regarding the minority partners above took place this afternoon, the team made another notable announcement that did not get a press conference.

After three seasons as Twins executive chair, Joe Pohlad is being replaced at the top of team operations by his older brother, Tom Pohlad.

“It has been one of the greatest responsibilities and privileges of my life to work alongside the people in this organization and to serve our fans. As we begin this next chapter in our ownership of the Twins, I will be stepping away from my day-to-day role. I will continue to champion our employees and Twins Territory as our organization moves forward.”

Joe Pohlad

Joe Pohlad’s time as executive chair will forever be synonymous with two things. He oversaw the largest roster teardown in franchise history, which spanned from the fall of 2023 to the 2025 trade deadline.

But what will follow Joe around Minnesota for the rest of his life are his now-infamous comments about “right-sizing” the Twins’ business, which came right after the team’s longest postseason run in two decades.

Joe Pohlad’s reign atop MN Twins defined by failure

Joe took over for his uncle Jim back in 2022, who moved into a Control Person role with the league. Under the younger Pohlad’s leadership, Minnesota shot for the stars — signing (among others) Carlos Correa, Sonny Gray and Pablo Lopez — pushing player payroll to numbers that Metrodome era fans could only have dreamed of.

Ultimately, it all came crumbling down in pretty epic fashion, which is why Joe’s reign atop the organization will go down as a failure. Sometimes in life, “trying” can only take you so far. And in Joe’s case, his expensive attempts at failure only made the Twins’ financial situation worse.

Not only did the Minnesota Twins fail to adapt to the rapidly changing television landscape, under Joe Pohlad, but it ended in the family having to sell off over 20% of its ownership just to keep the lights on. If that isn’t failure of epic proportions, please don’t tell me what is.

So naturally, with the fanbase and desperate for real change and a renewed direction, ownership’s response is to elevate yet another family member. Here’s Tom Pohlad speaking “Pohlad” about the situation, via official team statement.

“It is a profound honor to have the opportunity to continue a legacy that has been part of my family — and this community — for the past forty years. My uncle and my brother have led this organization with integrity, dedication, and a genuine love for the game. As I assume my new role, I do so with great respect for our history and a clear focus on the future — one defined by accountability and stewardship in our relentless pursuit of a championship.”

Tom Pohlad

Unfortunately, the shift from one Pohlad to another is unlikely to represent a significant philosophical shift in thinking at the highest levels of the MN Twins organization. In all likelihood, Tom will be more fiscally conservative than his younger brother.

Tom Pohlad is the oldest grandson of Carl Pohlad and he has been involved in a bunch of family business ventures over the past 20 years. Most recently, he was the Executive Chairman of Pohlad Companies, a role he will step down from to take over at the top of the Twins’ decision chain, in place of Joe.

Some hope for Twins’ immediate future

The changes to the Twins’ ownership structure do little to alter the present or long-term outlooks of the organization and we know they aren’t planning to spend more than $110-$120 million on the roster — significantly down from 2025.

However, with these new minority investors easing the debt that was putting so much financial pressure on the Pohlads, there is some wiggle room for “team president” Derek Falvey to add more talent back onto a roster that was ripped apart at the 2025 trade deadline.

The signing of Josh Bell confirmed the Twins’ plan to buy, not sell this offseason, even if said “buying” will be moderate. And for now, that’s the best we are going to get.

If you want to see bigger changes to how this franchise operates, you need to hope the Pohlads put the team back on the market a couple of years from now, a scenario that is very plausible.