The Minnesota Twins are owned by the Pohlad family, one of the longest tenured ownership groups in Major League Baseball.
As of December 2025, Tom Pohlad became the team’s new controlling owner and control person, a change that is pending formal approval from Major League Baseball.
Tom Pohlad took over daily oversight from his brother Joe Pohlad, who had served as executive chair since November 2022.
He also replaced his uncle Jim Pohlad as the family member MLB recognizes as the franchise’s official control person.
The Pohlad family first bought the Twins back in 1984, and three generations later they still control the club.
In 2026, Forbes valued the Twins at 1.71 billion dollars, a franchise that sold for just 44 million dollars four decades earlier.
The most newsworthy twist is this: in October 2024 the Pohlads quietly explored a full sale of the team, only to reverse course in August 2025 and keep majority control while bringing in fresh investors.
Those new limited partners include Glick Family Investments, businessman George G. Hicks, and Minnesota Wild owner Craig Leipold.
Tom Pohlad said the new investment allowed the family to pay off a significant amount of accumulated debt so the club could reinvest in the roster when the time is right.
So after nearly walking away from a team the family had owned since Ronald Reagan was president, the Pohlads chose to double down and handed the keys to a member of the third generation. The real question for Twins fans in 2026 is not whether the Pohlads still own the team, but whether this new leadership can turn a modestly valued franchise back into a contender.
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Minnesota Twins Ownership At A Glance
| Team | Minnesota Twins |
| Current Owner | Tom Pohlad (Pohlad family) |
| Previous Control Persons | Carl Pohlad, Jim Pohlad, Joe Pohlad |
| Purchase Price | 44 million dollars (1984) |
| 2026 Valuation | 1.71 billion dollars (Forbes) |
| Founded | 1901, as the Washington Senators |
| League | Major League Baseball, American League Central |
| Home Stadium | Target Field, Minneapolis |
| World Series Titles | 3 total (1924, 1987, 1991) |
| New Limited Partners (2025) | Glick Family Investments, George G. Hicks, Craig Leipold |
The Pohlad Family Ownership Structure
The Twins are controlled through a family led structure that now blends three generations of Pohlads with a handful of outside limited partners.
Controlling Owner
Executive Chair
Former Control Person
Glick Family, Hicks, Leipold
Minnesota Twins Ownership History
According to Wikipedia, the franchise began life in 1901 as the Washington Senators before relocating to Minnesota and becoming the Twins in 1961.
The club begins as the Washington Senators in the American League.
The Griffith family assumes ownership and runs the club for over six decades.
The team relocates from Washington and is renamed the Minnesota Twins.
Carl Pohlad purchases the Twins from Calvin Griffith for 44 million dollars, beating out a rival offer from Donald Trump.
The club wins its first title since moving to Minnesota.
Minnesota captures a second championship in dramatic fashion.
After Carl Pohlad’s death, son Jim Pohlad becomes principal owner.
The family halts a full sale, adds new investors, and names Tom Pohlad controlling owner.
How Much Did The Pohlad Family Pay For The Twins In 1984
Carl Pohlad bought the Minnesota Twins from Calvin Griffith and the Griffith family in 1984.
The purchase price was 44 million dollars, a figure that would translate to roughly 137 million dollars in today’s money.
Pohlad’s bid beat out a larger competing offer from New York businessman Donald Trump, according to a Star Tribune ownership timeline.
Pohlad reportedly won the deal by promising Griffith and the league that he would keep the club in Minnesota rather than relocate it.
Four decades later, that same 44 million dollar investment has grown into a franchise Forbes now values at 1.71 billion dollars.
Is Tom Pohlad A Good Owner: Is Twins Ownership Really Worth It
Supporters point out that the Pohlad family kept a promise Carl Pohlad made in 1984, and the Twins have stayed in Minnesota for over forty years.
The family also funded Target Field, a privately built ballpark that opened in 2010 and is widely praised by fans and critics alike.
On the other hand, critics argue the club has repeatedly cut payroll during rebuilding stretches even while franchise value climbed into the billions.
The 2024 exploration of a full sale, followed by a reversal in 2025, also frustrated some fans who felt the process dragged on with little communication.
Debt accumulated over the past several seasons forced the family to bring in outside limited partners just to shore up the balance sheet.
Supporters counter that the new investment gives the front office more room to spend once the roster is ready to compete again.
Verdict: the Pohlads have been stable, community minded owners, but recent financial strain and payroll caution leave real questions about whether Twins ownership is delivering for fans right now.
How Much Are The Minnesota Twins Worth In 2026
According to Forbes, the Minnesota Twins are worth 1.71 billion dollars as of March 2026.
That places the club near the lower end of MLB’s thirty team valuation list, though it still represents massive growth from Forbes’ first estimate of 94 million dollars back in 1998.
Team revenue for the 2025 season came in around 315 million dollars, with an operating income of roughly 11 million dollars.
The Twins also reported about 74 million dollars in gate receipts and carried a player payroll near 159 million dollars.
What Is Tom Pohlad’s Net Worth In 2026
Tom Pohlad is part of the broader Pohlad family fortune built by his grandfather Carl Pohlad, a Minneapolis banking magnate who also controlled Marquette Financial.
The Pohlad family’s holdings span banking, real estate, beverage distribution through Pohlad Companies, and the Twins franchise itself.
A specific public net worth figure for Tom Pohlad individually is not published, since the family’s wealth is largely held collectively through Pohlad Companies rather than broken out by member.
What is clear is that the family’s combined assets, including its Twins stake now worth well over a billion dollars, place the Pohlads among Minnesota’s wealthiest families.
Target Field And The Twins In Minneapolis
Target Field opened in downtown Minneapolis in 2010 and remains the Twins’ home stadium today.
Its naming rights come from Target Corporation, the Minneapolis based retail giant, which underscores how tightly the Twins are woven into the local business community.
Minnesota is also home to other well known consumer brands with local roots, and if you enjoy tracing who really owns the products around you, our breakdown of who owns NordicTrack, another Minnesota born brand, is worth a read.
The stadium itself was funded through a mix of public and private money, a structure that helped keep the Twins from ever seriously threatening to leave the Twin Cities.
Is The Minnesota Twins For Sale In 2026
No, the Minnesota Twins are not currently for sale in 2026.
The Pohlad family explored a full sale starting in October 2024, but announced in August 2025 that they would retain majority control of the franchise instead.
Rather than selling outright, the family brought in new limited partners and reorganized leadership under Tom Pohlad, a structure MLB is still reviewing for final approval.
For context on how ownership structures work across other major sports properties, see our guide to who owns the NFL.
Frequently Asked Questions About Minnesota Twins Ownership
Who Is The Owner Of The Minnesota Twins
The Minnesota Twins are owned by the Pohlad family, with Tom Pohlad named the team’s controlling owner in December 2025, pending MLB approval.
Who Is Tom Pohlad
Tom Pohlad is a member of the third generation of the Pohlad family, grandson of original owner Carl Pohlad, who took over daily oversight of the Twins from his brother Joe in late 2025.
How Much Did The Pohlad Family Pay For The Twins
Carl Pohlad paid 44 million dollars for the Minnesota Twins in 1984, buying the club from the Griffith family.
Is The Minnesota Twins For Sale In 2026
No. The Pohlad family called off a potential full sale in August 2025 and instead brought in new minority investors while keeping majority control.
I am Jack Neel, a mechanical engineer, researcher, and writer. I created this website to share my knowledge about different brands and products with you. I research the manufacturers behind the brands and provide you with the information you need to make smart buying decisions.