Minnesota

Answers to your questions about the potential sale of the Minnesota Twins

Published

3 months ago

October 10, 2024

Answers to your questions about the potential sale of the Minnesota Twins

No family member has spoken publicly since the announcement, so the dynamics of the “thoughtful consideration” they gave it this summer remain unknown. But the family — Carl Pohlad’s three sons and their seven children, presumably not all of them rabid baseball fans — surely must have been tempted to cash out an asset whose value has grown exponentially over the past decade. Forbes valued the Twins at $168 million in 2004, $605 million in 2014, and $1.47 billion last summer. That’s a lot of money in exchange for not having to hear your family regularly excoriated over the failings of a baseball team.

Thursday’s announcement was essentially a casting call for potential buyers, and the family has hired Allen & Co., a well-known broker of sports transactions located a half-dozen blocks from MLB’s offices, to sort through the responses they expect to receive in the coming days and weeks. The firm also figures to have an active list of billionaires who have previously shown interest in purchasing other teams. Though Joe Pohlad has expressed his desire for the team to remain in the hands of Minnesotans, that’s not necessarily a deal-breaker.

Identifying a buyer and settling on a price is only the first step. Assuming the family chooses to go ahead with the sale, MLB’s security office will undertake an investigation of the buyer to ensure that his or her finances and personal history meet its standards. A committee will examine the report and vote on whether to approve the sale, and MLB’s eight-man executive council will do the same. Assuming there are no hang-ups, a full vote of team owners, requiring 23 yes votes from the 30 teams, could be taken next spring or early summer.

They’re a relocated franchise themselves, having moved from Washington in 1961, so fans’ fears are understandable. But it’s unlikely, especially given their stadium situation. As the Minnesota Ballpark Authority, which owns Target Field, noted on Thursday, it “has strong lease and use agreements with the team, having just concluded the 15th season of the initial 30-year lease term.” Several teams have also begun developing commercial areas around their ballparks, and though it’s not easy in an urban neighborhood, there may be some opportunities here attractive to a prospective buyer. In recent years, MLB is also far more reluctant to allow franchises to move than it once was. In the past 50 years, only two teams, the Montreal Expos to Washington in 2005 and this year’s Oakland Athletics to Las Vegas (eventually), have relocated, both the result of untenable and unfixable stadium situations. Target Field is not that. And the league hopes to expand soon, so owners will be reluctant to allow existing teams to claim potential expansion sites.

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Minnesota

Houston takes home win streak into matchup with Minnesota Timberwolves

Published

12 hours ago

December 27, 2024

Press Room

Houston takes home win streak into matchup with Minnesota Timberwolves

Minnesota Timberwolves with a record of 15-14 and ranked ninth in the Western Conference match off against Houston Rockets with a record of 21-9 and ranked second in the Western Conference. The game is in Houston at 7 p.m. CST on Friday.

Houston aims to extend its three-game home winning streak.

The Rockets have gone 13-7 against Western Conference opponents. Houston ranks fifth in the NBA with 51.5 points in the paint led by Alperen Sengun averaging 12.5.

The Timberwolves have gone 12-9 against Western Conference opponents. Minnesota scores 109.1 points and has outscored opponents by 2.2 points per game.

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The Rockets are shooting 44.3 percent from the field this season, 1.4 percentage points lower than the 45.7 percent the Timberwolves allow to opponents.

The Timberwolves are shooting 45.7 percent from the field, 2.2 percent higher than the 43.5 percent the Rockets’ opponents have shot this season.

A top performer for the Rockets is Sengun who is scoring 18.3 points per game with 10.5 rebounds and 5.2 assists.

The Timberwolves’ Anthony Edwards is averaging 25.3 points, 5.6 rebounds and four assists.

In the last ten games, the Rockets have held a record of 7-3, averaging 111.6 points, 49.3 rebounds, 21.1 assists, 6.9 steals and 5.7 blocks per game. The shooting average has been 44.6 percent from the field. Their opponents have averaged 107.7 points per game.

For the Timberwolves’ last ten games, they have had an average of 6-4, averaging 105.2 points, 45.0 rebounds, 27.0 assists, 10.2 steals and 4.5 blocks per game. They have been shooting 44.6 percent from the field. Their opponents have averaged 100.5 points.

Rockets’ Dillon Brooks has an ankle injury. Tari Eason is also on rest.

Timberwolves’ Daishen Nix and Luka Garza are out due to an ankle injuries. Joe Ingles is also injured.

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Minnesota

Houston takes home win streak into matchup with Minnesota

Published

20 hours ago

December 27, 2024

Press Room

Houston takes home win streak into matchup with Minnesota

Associated Press

Minnesota Timberwolves (15-14, ninth in the Western Conference) vs. Houston Rockets (21-9, second in the Western Conference)

Houston; Friday, 8 p.m. EST

BETMGM SPORTSBOOK LINE: Rockets -1.5; over/under is 213.5

BOTTOM LINE: Houston hosts Minnesota aiming to extend its three-game home winning streak.

The Rockets have gone 13-7 against Western Conference opponents. Houston ranks fifth in the NBA with 51.5 points in the paint led by Alperen Sengun averaging 12.5.

The Timberwolves have gone 12-9 against Western Conference opponents. Minnesota scores 109.1 points and has outscored opponents by 2.2 points per game.

The Rockets are shooting 44.3% from the field this season, 1.4 percentage points lower than the 45.7% the Timberwolves allow to opponents. The Timberwolves are shooting 45.7% from the field, 2.2% higher than the 43.5% the Rockets’ opponents have shot this season.

TOP PERFORMERS: Sengun is scoring 18.3 points per game with 10.5 rebounds and 5.2 assists for the Rockets.

Anthony Edwards is averaging 25.3 points, 5.6 rebounds and four assists for the Timberwolves.

LAST 10 GAMES: Rockets: 7-3, averaging 111.6 points, 49.3 rebounds, 21.1 assists, 6.9 steals and 5.7 blocks per game while shooting 44.6% from the field. Their opponents have averaged 107.7 points per game.

Timberwolves: 6-4, averaging 105.2 points, 45.0 rebounds, 27.0 assists, 10.2 steals and 4.5 blocks per game while shooting 44.6% from the field. Their opponents have averaged 100.5 points.

INJURIES: Rockets: Dillon Brooks: day to day (ankle), Tari Eason: day to day (rest).

Timberwolves: Daishen Nix: out (ankle), Joe Ingles: day to day (soleus), Luka Garza: out (ankle).

___

The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.

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Minnesota woman saves two owls on two separate occasions

Published

1 day ago

December 26, 2024

Press Room

Minnesota woman saves two owls on two separate occasions – CBS Minnesota

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Coincidence or divine intervention? For two owls in Minnesota, it was perhaps a bit of both. WCCO’s John Lauritsen introduces us to the woman who saved not one, but two owls, in two separate instances.