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.