MLB: ***2025 Minnesota Twins***
- Thread starter Marcelason78
- Start date
Twins are going up for sale.
Pohlad's are likely exploring a sale because the return on their investment may be the highest right now. This is 100% a move they feel will benefit them the most financially.
I found a Groupon for buying the Twins. I may need to switch to generic cereal for a few months, but I think I can pull this off.
I mean the yankees have always owned the Twins. Might as well be owned by one.
As much as I would like to say they listened to the fanbase and got bullied into selling. This seems to be directly tied to the TV media revenue going down. The pohlads view the twins as a business and I think the only way forward they were going is to cut more payroll. I think the Strib article hit it on the head of the nail. I knew of Twins fans that were actively cheering against the Twins at the end just out of spite of the Pohlads cutting pay role. I'm not much of a baseball or Twins fans but I hope they can find a good owner similar to the Wilfs that values what the time means to the community and doesn't view it strictly as cash in and cash out.
"Another possible factor in deciding to sell: The Pohlad family has come under intense criticism over the years for what many Twins fans say is a focus on profits over championships. That criticism, more pointed and palpable in today’s social-media environment, crescendoed this season when Joe Pohlad, facing a deep cut in the team’s television-rights payment, ordered the team’s front office to reduce the player payroll by roughly $30 million."
www.startribune.com
"Another possible factor in deciding to sell: The Pohlad family has come under intense criticism over the years for what many Twins fans say is a focus on profits over championships. That criticism, more pointed and palpable in today’s social-media environment, crescendoed this season when Joe Pohlad, facing a deep cut in the team’s television-rights payment, ordered the team’s front office to reduce the player payroll by roughly $30 million."
Pohlad family will sell Minnesota Twins
The franchise is likely worth $1.5 billion, 40 years after Carl Pohlad paid $44 million to buy it from Calvin Griffith.
Oh absolutely. Glass sold the Royals to Sherman's group in late 2019 for a billion; the Twins will probably get closer to 2 billion.
As much as I would like to say they listened to the fanbase and got bullied into selling. This seems to be directly tied to the TV media revenue going down. The pohlads view the twins as a business and I think the only way forward they were going is to cut more payroll. I think the Strib article hit it on the head of the nail. I knew of Twins fans that were actively cheering against the Twins at the end just out of spite of the Pohlads cutting pay role. I'm not much of a baseball or Twins fans but I hope they can find a good owner similar to the Wilfs that values what the time means to the community and doesn't view it strictly as cash in and cash out.
"Another possible factor in deciding to sell: The Pohlad family has come under intense criticism over the years for what many Twins fans say is a focus on profits over championships. That criticism, more pointed and palpable in today’s social-media environment, crescendoed this season when Joe Pohlad, facing a deep cut in the team’s television-rights payment, ordered the team’s front office to reduce the player payroll by roughly $30 million."
Pohlad family will sell Minnesota Twins
The franchise is likely worth $1.5 billion, 40 years after Carl Pohlad paid $44 million to buy it from Calvin Griffith.
I hadn't thought about that yet. Now, I'm pissed. I wonder if our GM regrets jumping ship now...
They quit on the team and fans before the season by pushing for a $30M salary cut to save a little money before they sold. That $30M seems like chump change when you compare that to the billon point something the team might sell for. The do nothing at the deadline in a wild open wildcard race just added insult to injury. Granted, it was a sellers market with lot's of teams in the running and the sellers were asking too much at the trade deadline.
Important piece of info to point out from the StarTribune. We won't necessarily be rid of them by next season and if it takes a couple years to complete, low spending could kick the legs out from what could potentially be talented teams.
And “exploring” a sale is no guarantee that one will be agreed to; the Angels and Nationals have both been put up for sale in the past four years, and neither team’s owner actually consummated a deal.
And “exploring” a sale is no guarantee that one will be agreed to; the Angels and Nationals have both been put up for sale in the past four years, and neither team’s owner actually consummated a deal.
Buying a sports team is like buying a personal home. While you have it, there is not much money to be made, in fact you will likely spend (a lot of) money to maintain and upgrade. The money is made on the back end (sale) via appreciation. If your a sports franchise owner and you are concerned with making a profit like a business, eat ****. Sports are nothing more than hobbies and entertainment, ie wasted money.
I completely understand. But that is easy for us to say. If you had $XYZ,000,000 (and I even may think I'm lite a 0). You wouldn't want any return on it? You'd be willing to keep investing into the business saying "meh I'll get it back when I retire?" I personally cant say I would. After all I didn't make the $XYZ,000,000 by making those types of business decisions. In fact I could take that same money down to the good ole local Bank & Trust and make a cool $10,000,000 in interest on it. We are fans. We want the owners to ensure our team wins dang the costs. We get upset when the owners wont dig deeper and buy us wins.
Don't forget his dad was fine with contracting the team.
You buy sports teams for ego. That's pretty much it. Once its anything more its "ruined".
As we watch college sports be ruined because "hey, its business."
And yes, I understand sports have survived and even thrived with many taking the "sports is business" stance, but lets be real, if you remove the business aspect we'd have nothing to complain about. The business aspect of sports is about the only thing that brings about negative emotions. That and injuries.
No one gives a rip about many Olympic sports, but when they are on and at the highest caliber we are tuned in and entertained. Largely because there is only so much business that can be injected into the Olympics. The parts we enjoy are strictly hobbies and competition for entertainment.
So no, I would not be that interested in making profit. If I owned a sports franchise, I want to use the inflows as much as I could to match the outflows. That would give me the best chance to maximize my entertainment and inflate my ego. And yes, very easy for me to say.
