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,

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

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.