Phoenix Suns minority owner Justin Ishbia is interested in buying the Minnesota Twins, according to multiple reports.
The Twins finished the 2024 season with an 82-80 record and missed the playoffs. Minnesota has made the playoffs four times in the last eight seasons, including in 2023 when it won the AL Central title and ended its lengthy playoff losing streak.
Here’s what you need to know about Ishbia and the Twins:
Who is Justin Ishbia?
Ishbia is a minority owner of the Suns and the Phoenix Mercury and also the founder and managing partner of Shore Capital Partners, which is a private equity firm based in Chicago.
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Justin’s brother, Mat, is the Suns’ majority owner. The team was purchased on Feb. 7, 2023 for $4 billion from Robert Sarver.
How much is Justin Ishbia worth?
Justin Ishbia is worth $4.9 billion, according to Forbes.
Who owns the Minnesota Twins?
The Pohlad family, which expressed its intent to sell the team earlier this fall.
“For the past 40 seasons, the Minnesota Twins have been part of our family’s heart and soul,” Twins executive chairman Joe Pohlad said in an October statement. “This team is woven into the fabric of our lives, and the Twins community has become an extension of our family. … We’ve never taken lightly the privilege of being stewards of this franchise.”
Joe’s grandfather, Carl, led the initial purchase of the team in 1984 from the Griffith family for more than $35 million.
The franchise relocated from Washington, D.C. to Minnesota and changed its name to the Twins in 1961 under the Griffiths’ watch.
How much are the Minnesota Twins worth?
The Twins are estimated to be worth between $1.5 billion and $2 billion, according to ESPN.