Report: Twins Owner May Sell Team
ST. PAUL, Minn. (AP) _ Minnesota Twins owner Carl Pohlad has agreed to sell his team to Timberwolves owner Glen Taylor and Wild lead investor Robert Naegele Jr. if a new stadium is built, WCCO-TV reported Thursday.
St. Paul Mayor Norm Coleman, who sought the sale as part of plan to build a new stadium, ad not seen documents that outlined the proposed deal.
WCCO-TV reported the purchase price would be $120 million. Under the agreement, Pohlad would hand over control of the team to Taylor and Naegele.
Any deal would be contingent on St. Paul voters approving a Nov. 2 referendum that includes a financing plan. The deal also would need approval from the Minnesota Legislature.
In addition, major league baseball owners must approve any transfer, a process that usually takes 6-to-18 months.
Wild spokesman Bill Robertson said no agreement had been reached but both sides continued talks.