Who Owns the Minnesota Twins? Understanding the Ownership Structure of the MLB Team

The Minnesota Twins are a significant part of Major League Baseball and have a rich history in the state. The team is currently owned by the Pohlad family, with Jim Pohlad as the primary owner and chairman.

Since their establishment in 1961, the Twins have captured the hearts of fans in Minneapolis and beyond, especially with their home games played at Target Field.

The Pohlad family has deep ties to the team, starting with Carl Pohlad, who purchased the franchise in 1984 for about $36 million. Under his stewardship, the team flourished, leading to multiple division titles and World Series championships in 1987 and 1991. Today, the franchise holds a valuation of around $1.46 billion, reflecting its importance in the sports landscape of Minnesota.

Owning the Twins goes beyond just managing a franchise; it involves a commitment to the local community and fostering a love for baseball. As the team continues to evolve and compete in Major League Baseball, the Pohlad family’s leadership remains crucial in navigating the challenges and opportunities that lie ahead.

Ownership History

The Minnesota Twins have a long and rich ownership history. From their origins as the Washington Senators to the transition under the Pohlad family, the team’s management has shaped its identity and success over the years.

Origins and Previous Ownerships

The Twins began as the Washington Senators in 1901. In 1960, the franchise moved to Minnesota and became the Minnesota Twins.

The first owner was Calvin Griffith, who led the team from 1955 until 1984. Under his ownership, the team moved to the Metropolitan Stadium and later to the Hubert H. Humphrey Metrodome. During this time, the Twins faced ups and downs, including a few championship seasons. Following Griffith’s passing in 1999, his legacy left a significant impact on the franchise and its fans.

Pohlad Family Era

Ownership changed hands in 1984 when Carl Pohlad purchased the Twins. His family, particularly his son Jim Pohlad, has continued to lead the team since Carl’s death in 2009.

The Pohlad family maintained a strong commitment to the team and introduced successful business practices. The Twins have won multiple AL Pennants during this era, highlighting the family’s positive influence on the franchise. The Pohlad Companies, led by the family, have played a crucial role in supporting the team’s growth and stability within the Minneapolis sports landscape.

Twins in the Community and Economy

The Minnesota Twins play a significant role in both local communities and the economy. Their involvement extends beyond baseball, impacting many aspects of life in the Twin Cities, including commerce, education, and philanthropy.

Community Involvement

The Minnesota Twins are deeply dedicated to their community. Through the Pohlad Family Foundation, the team supports various charitable initiatives.

They focus on areas like education, health, and youth development, making a positive impact on the lives of many in Minneapolis and St. Paul.

The Twins also engage fans through events at Target Field, promoting local businesses and creating a welcoming atmosphere. Programs like Twins Community Fund provide opportunities for youth to participate in baseball, emphasizing inclusion and teamwork. These efforts build strong ties between the franchise and the communities they represent.

Economic Impact and Valuation

The economic contributions of the Minnesota Twins are noteworthy.

In terms of commercial real estate, Target Field has transformed the surrounding area, boosting tourism and local businesses.

According to Forbes, the franchise has a high valuation, reflecting its significance in Major League Baseball.

The team’s presence generates job opportunities, not only within the organization but also for nearby vendors and event staff on game days.

The Minnesota Ballpark Authority also benefits, as increased attendance leads to greater revenue for the city.

This synergy between sports and economy amplifies the Twins’ impact, making them a vital part of the region’s growth.