WARNING NEWS: Concerning report emerges about potential Minnesota Twins sale

A Minnesota Twins hat in the dugout

The Minnesota Twins are up for sale, but a concerning report has emerged indicating that nobody is particularly eager to purchase the franchise.

Eight months after putting the franchise up for sale, the Pohlad family is likely to have to lower their asking price due to a lack of interest, according to Charley Walters of the Pioneer Press.

The Pohlads had hoped to fetch $1.7 billion for the team, but the price has fallen closer to $1.5 billion and may be adjusted further as interest continues to be low.

The Twins’ finances are a concern for potential owners.

One potential bidder lost interest at the current asking price after viewing the club’s financial records, while another described the prospects of a sale as “dismal.” Reports have indicated that the team is over $400 million in debt.

The Twins play in a small market, limiting their cash flow. The team also left their broadcast deal with FanDuel Sports Network last year, eliminating a key source of income.

The Pohlad family cannot lower the price too much, even if they are looking for a way out. Fellow owners are unlikely to approve of the family selling at a lower price, as it would risk diminishing the values of the other 29 franchises.

The Pohlad family confirmed last October that they would listen to offers for the franchise, having owned the team since 1984. It is not particularly common that a professional sports franchise would struggle to find interested buyers, but seven months later, that is where the Twins find themselves.

Related Posts

“Cаn We Pleаѕe Fіre Corа”: Boѕton Red Sox Fаnѕ Cаll For Alex Corа’ѕ Fіrіng After Lаteѕt Loѕѕ Agаіnѕt The Mіlwаukee Brewerѕ

The Boston Red Sox had a 1-0 lead entering the bottom of the ninth inning against the Milwaukee Brewers. Milwaukee tied the game at one in the bottom of the

UPDATE: Ex-Twins Pitcher Jackson Must Pay Child Support for Son in Japan

Former Minnesota Twins pitcher Jay Jackson must honor a Japanese child-support judgment for a son he fathered with a Japanese woman, the Court of Appeals of Minnesota…

BREAKING: Twins stop Rays’ 6-game win streak, beating them 4-2…

Kody Clemens hit his fifth home run of the season, with father Roger Clemens watching from the stands, and the Minnesota Twins beat Tampa Bay 4-2 Tuesday night to…

Gіаntѕ lіneup proveѕ they’re аll but fed up wіth ѕtrugglіng veterаn

The San Francisco Giants might not platoon as much as they used to, but they still do base who their first baseman is on any given day based on the opponent’s s

Why Romаn Anthony’ѕ fаte hаѕ Red Sox fаnѕ аnd thіѕ MLB Inѕіder perplexed

At 27-29 and in fourth place in the American League East, the Boston Red Sox need a spark. Multiple, really. They called up Marcelo Mayer, one of the top prospe

Eagles GM Howie Roseman throws first pitch at Phillies game to electric ovation

Howie Roseman’s dominant year has not ended, as the Philadelphia Eagles GM received a thunderous ovation for his first pitch at the Philadelphia Phillies game.