Following approval by Major League Baseball, the Pohlad family today proudly announced the addition of limited partners to the Minnesota Twins ownership group. Principal investors include Glick Family Investments and George G. Hicks, investing alongside several prominent Minnesota business leaders. Craig Leipold, majority owner and principal investor in Minnesota Sports & Entertainment (MSE), is also joining independently as a limited partner. Glick Family Investments, Hicks and Leipold are each acquiring non-controlling, minority interests in the Twins, with the Pohlad family retaining ownership control and responsibility for day-to-day operations. Collectively, the club’s new limited partners bring deep experience across business, sports, and entertainment.
In conjunction with the transaction, the franchise plans to incorporate a new leadership structure with Tom Pohlad succeeding Joe Pohlad (formerly Executive Chair) in overseeing the Twins organization. Pending MLB approval, Tom Pohlad will also succeed Jim Pohlad, becoming the franchise’s Control Person and serving as the primary liaison to the league.
“It is a profound honor to have the opportunity to continue a legacy that has been part of my family — and this community — for the past forty years,” said Tom Pohlad. “My uncle and my brother have led this organization with integrity, dedication, and a genuine love for the game. As I assume my new role, I do so with great respect for our history and a clear focus on the future — one defined by accountability and stewardship in our relentless pursuit of a championship.”
“It has been one of the greatest responsibilities and privileges of my life to work alongside the people in this organization and to serve our fans,” said Joe Pohlad. “As we begin this next chapter in our ownership of the Twins, I will be stepping away from my day-to-day role. I will continue to champion our employees and Twins Territory as our organization moves forward.”
Tom Pohlad is the outgoing Executive Chairman of Pohlad Companies. In that role, he led the Family Board and oversaw strategic direction of the family’s diverse portfolio of businesses. Before that role, Tom held leadership positions across several Pohlad businesses, including serving as CEO of PaR Systems and as President and COO of Carousel Motor Group. Tom joined the Pohlad family business after graduating from Boston College in 2002. He continues his engagement with the school as a member of the Boston College Board of Regents and also serves on the Board of Trustees at Breck School.
Glick Family Investments is a multi-generational family office that takes a long-term, value-creation approach. The family focuses on making direct investments in high quality businesses across a broad range of asset classes.
Hicks is co-founder and co-executive chair of Värde Partners, a global credit specialist with approximately $16 billion in assets under management and offices in Minneapolis, New York, London, Luxembourg, Singapore, and Mumbai. As a founder of the firm in 1993, Hicks helped guide Värde from a start-up to the global investment firm it is today, and he remains a member of its Investment Committee. A Minnesota native and former Cargill Financial executive, he graduated from Gustavus Adolphus College and received his J.D. from the University of Minnesota Law School. Hicks was inducted into the Gustavus Adolphus College Hall of Fame in 2023 as a benefactor.
“As a lifelong Twins fan, I am honored and excited to join the Pohlad family as a steward of this beloved franchise,” said Hicks. “Like many in the state, some of my favorite memories are of times spent watching and cheering for the Twins. The leaders I represent share these values and recognize the importance of Twins baseball to our communities. This is the opportunity of a lifetime and one we view as a true privilege and responsibility.”
Allen & Company served as financial advisor to the Pohlad family and Minnesota Twins; Hogan Lovells US LLP, led by Matthew Eisler and Russell Hedman, acted as lead counsel; and Taft Stettinius & Hollister LLP served as debt counsel.
