The Pohlad family has decided to continue as principal owners of the Minnesota Twins while bringing in two new minority partners who collectively hold a stake exceeding 20%. The family has faced criticism from fans looking for new ownership, compounded by a significant debt of $425 million attributed to the team. While Joe Pohlad asserts that the debt did not hinder their decision-making process, the fanbase remains skeptical given the team's history of ownership controversies and the recent context of ownership changes in the league.
Joe Pohlad's statement about the team's future was met with widespread criticism from fans who have long sought new ownership. This sentiment has been building for decades as the franchise dealt with ownership controversies that trace back to the late Carl Pohlad's era and continued efforts to transition ownership.
The Pohlad family remains committed as principal owners of the team, recently incorporating two minority partners who acquired over 20% of the franchise. The acquisition comes without a predefined path for these new partners to increase their ownership share, as seen in other franchises.
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