Justin Ishbia Interested in Buying Minnesota Twins: MLB Ownership News! । USA TODAY NEWS
📅 Published on: 2024-12-14 12:56:46
⏱ Duration: 00:02:59 (179 seconds)
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📝 Video Description:
Phoenix Suns minority owner Justin Ishbia is reportedly eyeing the Minnesota Twins, as the Pohlad family signals their intent to sell the MLB team. With a net worth of $4.9 billion, Ishbia, the founder of Shore Capital Partners, is well-positioned to make a move on the franchise valued between $1.5 billion and $2 billion. In this video, we dive into Ishbia’s background, the potential sale of the Twins, and what this could mean for the future of the team. Is a new era on the horizon for the Minnesota Twins? Watch now to find out more!
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Justin Ishbia Interested in Buying Minnesota Twins: MLB Ownership News! । USA TODAY NEWS
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🕵️♂️ Transcript:
[Music] Phoenix Suns minority owner Justin ishia is reportedly interested in purchasing the Minnesota Twins marking a potential shift in ownership for the MLB team this comes as the poet family who have owned the twins for decades expressed their intention to sell the franchise earlier this fall Justin ishia a Chicago based private Equity founder is known as the managing partner of sh Capital partners he is also a minority owner of the Phoenix Suns and Phoenix Mercury his brother Matt ishbia serves as the son’s majority owner acquiring the team for 4 billion in February 2023 from former owner Robert Sarver according to Forbes Justin’s estimated net worth stands at $4.9 billion a substantial fortune that could put him in a position to acquire a significant sports franchise like the twins the poid family led by executive chairman Joe poed has had a deep connection to the Minnesota Twins for over four decades in a statement issued in October Joe poet reflected on the Family’s stewardship of the franchise calling the team Bing into the fabric of our lives and acknowledging the privilege of being stewards of the team the poed family initially purchased the the twins from the Griffith family in 1984 for more than $35 million under Griffith’s ownership the franchise relocated from Washington DC to Minnesota in 196 and was renamed the Minnesota Twins despite the team’s historic ties to the poet family the decision to sell comes after a mixed season for the twins the team finished the 2024 season with an 82 to 80 record missing the playoffs although they did make the postseason in 2023 winning the AL Central title and ending a lengthy playoff losing streak in the past eight seasons the twins have reached the playoffs four times a solid achievement but one that also has left some fans expecting more according to ESPN the Minnesota Twins are valued between 1.5 billion and $2 billion a price range that ishia could afford with is estimated net worth the team could be another significant addition to ish’s Growing portfolio of sports teams this potential sale comes at a time of transition for the Twins and could lead to a new era for the team isia’s involvement could Usher fresh leadership and a new vision for the franchise as the sale process continues all eyes will be on the future direction of the Minnesota Twins under new ownership
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