The Minnesota Twins announced Thursday that they are for sale, potentially ending one of the longest-tenured ownerships in Major League Baseball.
The Pohlad family, which bought the Twins for $44 million in 1984, said it has retained Allen & Company, the investment banker that commonly facilitates sales of sports franchises. The Twins are estimated to be worth between $1.5 billion and $2 billion.
\"After months of thoughtful consideration, our family reached a decision this summer to explore selling the Twins,\" the team said in a statement. \"As we enter the next phase of this process, the time is right to make this decision public.\"
Via ESPN.com
