New Minority Owners Signal Fresh Ambition for the Minnesota Twins
There’s a new wave of energy rolling through the Minnesota Twins organization, and it’s coming from the top. The Pohlad family, long-time majority owners of the franchise, have finalized a revamped ownership structure that brings in a trio of new limited partners: Glick Family Investments, George Hicks, and Minnesota Wild owner Craig Leipold. While the Pohlads still call the shots, this move signals more than just a financial shuffle - it’s a strategic reset aimed at stabilizing the franchise and sparking a new era of competitiveness.
Let’s break down what this means for the Twins - on the field, in the front office, and across the broader landscape of Major League Baseball.
1. Cutting Down Debt, Opening Up Possibilities
First and foremost, this is a financial power play - and a necessary one. The Twins were reportedly carrying between $400 million and $500 million in debt, a figure that had been weighing heavily on the organization. That kind of financial strain limits flexibility - whether it’s investing in player development, upgrading facilities, or simply staying competitive in free agency.
With the new investors acquiring a combined 20% stake at a $1.75 billion franchise valuation, the team now has a significant cash infusion to work with. That means a large chunk of that debt can be retired, giving the Twins a much cleaner balance sheet. And in baseball, financial breathing room often translates to roster reinvestment - something fans have been clamoring for.
2. A New Voice in the Room - Focused on Winning
This isn’t just about money. The new limited partners are also stepping into advisory roles, and they’re bringing some serious business acumen with them.
George Hicks, a Minnesota native and co-founder of Varde Partners, specializes in distressed debt - essentially, helping struggling companies find their footing again. That’s a skillset that could prove valuable as the Twins look to rebound from recent financial challenges.
Then there’s the Glick family, whose roots in diamond trading, real estate, and venture capital give them a long-term, growth-oriented mindset. These aren’t investors looking for a quick flip - they’re here to build something sustainable.
And importantly, their presence adds a layer of accountability for the Pohlads. With more eyes on the operation, the focus shifts toward growth through winning - not just trimming payroll and riding out the season.
3. Craig Leipold Brings a Bold, Competitive Edge
Perhaps the most intriguing addition is Craig Leipold, owner of the NHL’s Minnesota Wild. Leipold has built a reputation in the Twin Cities sports scene as a hands-on, aggressive owner who isn’t afraid to spend to win. Just ask Wild fans how they feel about his commitment to keeping stars like Kirill Kaprizov in Minnesota.
His arrival could help shift the Twins’ organizational mindset. In recent years, the team has leaned toward financial conservatism - tightening payroll and making cautious moves. Leipold’s influence could nudge the front office toward a more assertive approach, especially when it comes to retaining talent and making bold moves in the trade and free agent markets.
If Leipold brings even a fraction of that “go for it” mentality to the Twins, it could mark a turning point in how the franchise approaches roster building.
4. A Leadership Reset with Long-Term Vision
The ownership shakeup also comes with a change at the top. Tom Pohlad has stepped in as the team’s new Executive Chair and Control Person, replacing his cousin Joe Pohlad. That’s a big move - one that signals a tighter, more business-focused approach to leadership.
With the new partners backing this transition, it’s clear the Twins are aiming for continuity with a purpose. This isn’t a chaotic overhaul - it’s a calculated shift designed to streamline decision-making and position the franchise for long-term success.
And while the Pohlads remain in control for now, this new structure also makes the Twins a more attractive asset down the road, should they ever explore a full sale. In the meantime, fans can expect a more accountable, strategically focused front office.
The Bottom Line: Optimism Returns to Target Field
After a few years of financial strain and cautious maneuvering, the Twins are getting a much-needed jolt of momentum. With new minority owners bringing fresh capital, business savvy, and a winning mindset, the franchise is better positioned to compete - both on the field and in the boardroom.
This isn’t just about balancing the books. It’s about bringing a renewed sense of purpose to a team that’s been stuck in neutral.
The pieces are in place. Now it’s about execution - and for the first time in a while, there’s real reason to believe the Twins are gearing up to swing big again.