At least one potential buyer was reportedly stunned when the Pohlad family decided to maintain their ownership of the Minnesota Twins.

The Pohlad family on Wednesday announced an update on the Minnesota Twins sale process. Twins Executive Chair Joe Pohlad has issued the following statement on behalf of the Pohlad family: “For more than four decades,

After exploring a variety of options over the past 10 months, the Pohlad family will remain the principal owner of the club and add new investors instead. Carl Pohlad, a banking magnate and the late grandfather of Joe Pohlad, purchased the Twins in 1984 for $44 million.