Pioneer Press columnist Charley Walters recently reported that a sale of the Minnesota Twins to Varde Partners, currently limited partners of the organization, is heating up.
“A sale of the Twins to the New York-based global investment firm Varde Partners, which has an office in Minneapolis and in 2025 became a Twins limited partner to help the franchise out of $500 million in debt, is said to be heating up. Varde Partners reportedly manages $15 billion in assets.”
However, Dan Hayes of The Athletic shut down the idea that the Pohlad Family is selling the Twins this offseason.
"I know the answer Twins fans want to hear. I'm going to unfortunately disappoint you," Hayes said on the Twins Cities Territory Podcast. "No, there's no accuracy, there's no validity to this. I've heard it from a league source and... I've heard it from multiple people. Let's just say that."
Twins fans hoping for new ownership might have to keep waiting.@DanHayesMLB says there’s “no validity” to the latest sale speculations, despite lingering questions about the franchise's long-term future. pic.twitter.com/OFnrdZYQUD
— Twin Cities Territory (@TwinCitiesShow) October 8, 2026
Walters' article has been deleted from the Pioneer Press' website.
The Pohlads were reportedly looking to sell the Twins back in the 2024-25 offseason. The Pohlads obviously never sold the organization, pulling the team off the market in August 2025. Instead, the Twins brought in several minority investors, including Varde Partners.
Many Twins fans were upset when the Pohlads pulled the team off the market. Fan happiness was amazing in 2023, as the club won the American League Central and its first playoff series in 21 years. It all went downhill from there.
The Pohlads are very unpopular among Twins fans
After the 2023 season, the Twins slashed payroll by around $30 million. Minnesota slightly increased payroll for the 2025 season, but it was still significantly lower than it was in 2023. Then came the trade deadline fire sale, which saw nearly 40% of the active roster traded at the 2025 trade deadline.
Because of the fire sale and a lack of offseason spending, the Twins had their lowest Opening Day payroll in over a decade this year. As a result, Target Field had a historic low attendance in 2026.
The Twins have made several organizational changes since the Pohlads pulled the team off the market. President Derek Falvey parted ways with the organization. Minnesota fired manager Rocco Baldelli and replaced him with Derek Shelton. Tom Pohlad succeeded his younger brother Joe as the organization's controlling person.
Those moves obviously haven't been enough to win back fans, given this year's attendance. To win back fans, the Pohlads clearly need to spend more on the roster and return to the postseason.
The Pohlads could still sell the Twins, but it doesn't look like it will be anytime soon.
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