The Twins finally revealed their new minority investors via an X post on Wednesday, announcing that Glick Family Investments, George G. Hicks and Wild owner Craig Leipold as limited partners. Along with that announcement, the Twins surprisingly revealed that Tom Pohlad will succeed his younger brother Joe as the Executive Chair. Tom will also succeed his uncle Jim Pohlad as the team's Control Person, pending MLB approval.
Pohlad Family welcomes limited partners to Minnesota Twins Ownership Group pic.twitter.com/wyIBBzCVPN
— Minnesota Twins (@Twins) December 17, 2025
In all honesty, the reveal of the minority investors brings relief to fans rather than excitement, considering the Pohalds announced the limited partners would be added back in August. Tom Pohald succeeding his younger brother Joe is the bigger news of the announcement, as there were no previous reports of it.
This Tom Pohlad quote proves Twins ownership recognizes change is needed
Tom Pohlad held a news conference inside the home clubhouse at Target Field on Wednesday and addressed the news that he is succeeding his younger brother as the Twins' Executive Chair.
“Joe was not on board with this at first,” Tom Pohlad said. “He’s on board now. He understands. He was the leader of this organization. He’s been here for 19 years. And as difficult as this is for me to say, all he’s ever wanted was to be a part of this organization and to lead it and to help this franchise win a world championship. Things change. We had to make a decision as a family. He understands.”
The Pohlads have significantly damaged their image over the past year. They originally announced their intent to sell the Twins in October 2024. It appeared Justin Ishbia would buy the team last offseason, but he backed out to increase his minority shares in the Chicago White Sox, his hometown team.
It still seemed that the Twins would find a buyer eventually, until it was revealed that the team has over $425 million in debt. The team never found a buyer, instead announcing in August that they would keep the team and add two minority investors (which ended up being three).
All of these events have led to fans being outraged at the Pohlad Family, as seen across social media. And all of these events happened under Joe Pohlad, who is known to rarely speak to the media. The fact that the family recognized someone else had to be in charge proves they know the team is in a bad spot. They're not going to spend a ton of money, but they are at least taking baby steps to improve the fan-ownership relationship.