Story by
MN Twins Extend Deadline for New Ownership Bids
- Story by
- MN Twins Extend Deadline for New Ownership Bids
Bruce Kluckhohn-Imagn Images
The Minnesota Twins are trying to rebound from their dismal 0-4 start to the 2025 regular season . It's an unwelcome early spring mission that they can only blame themselves for being tasked with.
Now 3-5, off a series win vs the White Sox last week, the Twins are at Target Field Sunday afternoon, for the final game of their home opening series vs the Houston Astros. But not only are the MN Twins trying to get back to the MLB Postseason this fall, the Pohlad ownership group is also trying to sell the organization for the first time since 1984, when Carl Pohlad first purchased the team.
Credit: Brad Rempel-USA TODAY Sports
Unfortunately, what the Pohlads hoped would be a quick and clean transaction hit a major detour when the Twins' only serious buyer, Justin Ishbia, backed out of the running . Previously, we had heard that all remaining potential buyers had already submitted their 'best and final' offers, and that the Pohlads came away from those bids disappointed, as none of them topped $1.5 billion.
Advertisement
Pohlads still accepting offers to buy the Minnesota Twins
On Sunday morning, however, Bob Nightengale (USA Today) gave the most recent update on the Twins' sale situation… and it's an intriguing one. Apparently, the Pohlads have extended their 'best and final' deadline for another 45 days, which makes those offers now due on May 15. The Pohlad asking price of $1.7 billion has not changed, however.
The Minnesota Twins, who were asking interested parties to submit their bids by April 1, now are telling prospective owners they have another 45 days as they continue to seek $1.7 billion.
At the end of the day, the hastiness of this sale will come down to whether or not any of the potential buyers reaches the Pohlads' asking price. This has been a very fluid situation since the very beginning. One thing that has not changed, though, is their asking price .
Not only are the Pohlads selling the Minnesota Twins, they are including over $400 million in accrued debt, as well. And according to all reports, they are not willing to take that debt out of the calculations. Will one of the potential buyers be desperate enough to up the ante?
Advertisement
Related: Former Twins First Round Pick Returns to AL Central
We'll find out. But it would be weird for the Pohlads to extend this deadline, unless they have reason to believe the offers will be different than what they were prior to April 1. On the bright side, we won't have to wait long to find out. May 15 will be here before we know it.
Twins hoping for a better Chris Paddack Sunday
Back on the field, it'll be starting pitcher Chris Paddack taking the mound Sunday vs the Astros, as he looks to rebound from an ugly 2025 debut on the South Side, where he allowed 8 runs on 8 hits, in just 3.1 innings.
Advertisement
Reports dropped earlier in the week revealing that the Twins rejecting trade offers over the offseason for Paddack, offers that supposedly would have taken on the 29-year-old's full $7.5 million salary. Instead, Falvey & Co chose to keep the oft-injured veteran around, a decision that looks short sighted, after his difficult first start.
