In a shocking twist, after announcing the Twins were up for sale in October 2024, the Pohlad family, who has owned the team since 1984, announced it will keep the team instead and sell a significant minority stake to two groups. FOS deals reporter and author of the Asset Class newsletter Ben Horney has the latest intel on how the new framework is intended to help the Twins pay down $425 million in debt. Also, more on the Portland Trail Blazers selling to a group led by Carolina Hurricanes owner Tom Dundon.
Meanwhile, the future of the WNBA’s Connecticut Sun remains in flux, as the state government and former Milwaukee Bucks owner Marc Lasry have matched the $325 million bid made by Steve Pagliuca to keep the team in the state. However, FOS women’s sports reporter Annie Costabile tells Baker Machado and Renee Washington that a possible expensive relocation fee could determine the Sun’s fate—and whether the league would prefer to move the team to Boston or Houston.
Plus, we have the latest on James Cook’s new contract with the Bills, which makes him one of the highest-paid running backs in the NFL, and the flood of college athlete lawsuits against the NCAA challenging eligibility requirements.
