Baxter Holmes, ESPN senior writer
Justin Ishbia phoenix suns Minority owner and Suns majority owner Mat Ishbia’s brother is interested in buying minnesota twinsA person familiar with the matter told ESPN on Friday.
In October, the Pohrad family, who had owned the twins for forty years, announced their intention to Explore the sales teamwhich would end one of the longest tenures of ownership in Major League Baseball. The Twins finished with an 82-80 record last season and missed the playoffs for the third time in four seasons.
Justin is the founder and managing partner of Chicago-based private equity firm Shore Capital Partners, and Forbes estimates his net worth at nearly $5 billion.
Justin’s brother Matt, the billionaire head of mortgage lenders and United Wholesale Mortgage, led an ownership group that included Justin to buy controlling stakes in the Suns and Rockets. Phoenix Mercury In February 2023, the valuation was US$4 billion.
Justin, who owns 22% of United Wholesale Mortgage, is listed as an alternate governor for the Suns and Mercury.
Allen & Company, the investment bank facilitating the sale of the twins, estimates the twins are worth between $1.5 billion and $2 billion. In 1984, the Pohlad family purchased the twins for $44 million.
Bloomberg first reported Ishbia’s interest in the twins.
