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more info from the Strib:
Phoenix Suns part owner Justin Ishbia is considering buying the Twins from the Pohlad family, according to a Friday report from Bloomberg News.
Ishbia, a private equity billionaire, is the founder of the Chicago-based Shore Capital. In 2023, Ishbia’s brother, Mat, purchased the Suns and the WNBA’s Phoenix Mercury for a record $4 billion. Ishbia is a minority owner in MLS’ Nashville Soccer Club, too.
Bloomberg reported Ishbia, 47, has met with people in Minnesota to learn more about the opportunity. Forbes estimated his net worth at $4.9 billion.
Ishbia grew up in Michigan before attending Michigan State, and he gifted the university $10 million in September for upgrades to the Spartans baseball facility and men’s basketball program. Michigan State’s baseball field will be renamed Jeff Ishbia Field in honor of his dad.
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on this topic: listed to a podcast with LaVelle E. Neal III - former Twins beat writer. He said he has been told that "a good deal of interest" has been expressed in the sale of the Twins, with multiple groups or individuals expressing interest, and people connected to the team are very positive about how the process is going. But, Neal added that the sale process will likely not be concluded until mid-2025 at the earliest and could run through the entire 2025 season.
Phoenix Suns part owner Justin Ishbia is considering buying the Twins from the Pohlad family, according to a Friday report from Bloomberg News.
Ishbia, a private equity billionaire, is the founder of the Chicago-based Shore Capital. In 2023, Ishbia’s brother, Mat, purchased the Suns and the WNBA’s Phoenix Mercury for a record $4 billion. Ishbia is a minority owner in MLS’ Nashville Soccer Club, too.
Bloomberg reported Ishbia, 47, has met with people in Minnesota to learn more about the opportunity. Forbes estimated his net worth at $4.9 billion.
Ishbia grew up in Michigan before attending Michigan State, and he gifted the university $10 million in September for upgrades to the Spartans baseball facility and men’s basketball program. Michigan State’s baseball field will be renamed Jeff Ishbia Field in honor of his dad.
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on this topic: listed to a podcast with LaVelle E. Neal III - former Twins beat writer. He said he has been told that "a good deal of interest" has been expressed in the sale of the Twins, with multiple groups or individuals expressing interest, and people connected to the team are very positive about how the process is going. But, Neal added that the sale process will likely not be concluded until mid-2025 at the earliest and could run through the entire 2025 season.