The Minnesota Twins, who have been owned by the Pohlad family since 1984, are up for sale. The team is estimated to be worth between $1.5 to $2 billion.

Major League Baseball's Minnesota Twins are up for sale, the Pohlad family announced on Thursday, less than two weeks after missing the playoffs for the third time in four seasons. The Twins, owned by the family since 1984 when billionaire banker Carl Pohlad bought the club for about $44 million,

Carl Pohlad purchased the Minnesota Twins for an estimated $44 million in 1984. Forty years later, his family announced on Thursday that it is exploring a sale of the franchise, which is likely to net more than $1 billion.

On Thursday, the Twins released a statement indicating they’re exploring selling the organization. While most everyone’s initial reaction will be to jump for joy, let’s pump the brakes on celebrating too much before knowing the facts.

After 40 years of owning the Minnesota Twins, the Pohlad family said Thursday it plans to sell the team. The Twins have had great triumphs on the family's watch. With Kirby Puckett leading the way, Minnesota won World Series titles in 1987 and 1991.

The owners of the Minnesota Twins have announced they will explore selling the team. The Twins have been owned by the Pohlad family since 1984. The Twins Executive Chair Joe Pohlad made the announcement Thursday morning.

The Minnesota Twins have been owned by the Pohlad family for 40 years. On Thursday, they announced an intent to sell.