PHOENIX — Published reports Friday suggest that billionaire brothers Mat and Justin Ishbia have emerged as potential suitors to buy the Minnesota Twins.
Bloomberg and The Athletic were first to report the Ishbia brothers are exploring a bid for the Twins from the Pohlad family.
Mat Ishbia is the CEO and chairman of United Wholesale Mortgage, while Justin Ishbia is the founder of Shore Capital Partners. Together, the brothers are majority owners of the NBA's Phoenix Suns and WNBA's Phoenix Mercury, which they purchased in 2023.
In October, the Pohlad family announced they would explore a possible sale of the Twins "after months of thoughtful consideration," vowing to proceed in the process with both "care and intention." Executive chair Joe Pohlad said the intention is to find an ownership group of which fans and the state of Minnesota can be proud of, that will take care of the storied franchise.
Forbes estimates the value of the Minnesota Twins at around $1.5 billion.
Twins fans wondering what kind of owners the Ishbias could make need look no further than their first move just days after becoming Suns owners, when the team immediately made a splash with a blockbuster trade for superstar Kevin Durant.
The published reports suggest Justin Ishbia could be the controlling owner as part of any deal, and that he has long sought ownership of a professional baseball franchise.
The Athletic reports the sale process could take at least six months.
