DALLAS — The ownership group that purchased the Phoenix Suns — before promptly making a splash by acquiring Kevin Durant — is now interested in buying the Minnesota Twins.
A source briefed on the situation confirmed that Suns owner Mat Ishbia and his brother Justin are interested in buying the Twins from the Pohlad family, which began exploring a sale in October after 40 years of ownership. Bloomberg first reported the news.
Mat Ishbia, whom Forbes estimated has a net worth of $10.1 billion, purchased the Suns in December 2022. Three days after the NBA approved his ownership in February 2023, the Suns acquired Durant in a blockbuster trade with the Brooklyn Nets.
Earlier this year, Forbes and Sportico estimated the Twins to be worth $1.46 billion and $1.7 billion, respectively. The most recent Major League Baseball team to sell is the Baltimore Orioles, who fetched $1.725 billion in March.
Several parties briefed on the matter expect the Twins’ sale process to take six months, which means a new ownership group is unlikely to be in place before Opening Day.
This story will be updated.
(Top photo of Mat Ishbia: Barry Gossage / NBAE via Getty Images)