Owners of Minnesota Twins announce big news

Sep 14, 2016; Detroit, MI, USA; Minnesota Twins hat in the dugout against the Detroit Tigers at Comerica Park. Mandatory Credit: Rick Osentoski-USA TODAY Sports

The owners of the Minnesota Twins announced some big news on Thursday.

The Pohlad family, which owns the club, announced that they will look into selling the team.

“For the past 40 seasons, the Minnesota Twins have been part of our family’s heart and soul,” executive chair Joe Pohlad said in a statement. “This team is woven into the fabric of our lives, and the Twins community has become an extension of our family. The staff, the players, and most importantly, you, the fans – everyone who makes up this unbelievable organization – is part of that. We’ve never taken lightly the privilege of being stewards of this franchise.

“However, after months of thoughtful consideration, our family reached a decision this summer to explore selling the Twins. As we enter the next phase of this process, the time is right to make this decision public.”

The Pohlads said that they want to be transparent with the public about the process.

“We truly respect and cherish what the Twins mean to Minneapolis, St. Paul, the great state of Minnesota, and this entire region. Our goal is to be as informative as possible with the team, staff, and you, the fans. You deserve that, because in so many ways, this team doesn’t belong to any one family – it belongs to all of you. It’s our objective to find an ownership group who all of us can be proud of and who will take care of the Minnesota Twins.

“After four decades of commitment, passion, and countless memories, we are looking toward the future with care and intention – for our family, the Twins organization, and this community we love so much,” the Pohlad statement said.

The Pohlads have owned the Twins since 1984 when Carl Pohlad bought the team. After his death in 2009, his son Jim took over day-to-day operations of the team.

The Twins have been one of the more competitive teams in the AL Central over the last eight years. They have made the playoffs four times during that span, but haven’t made it past the ALDS since 2002. This year the team finished a disappointing 82-80 and missed the playoffs. They have already made a significant front office change .

The Twins, which operated as the Washington Senators, moved to Minnesota for the 1961 season. Since moving to Minnesota, the team has won two World Series (1987 and 1991).

One media outlet projects the team’s value at $1.7 billion in a potential sale.

The post Owners of Minnesota Twins announce big news appeared first on Larry Brown Sports .