"Announcement: Justin Ishbia, Sibling of Suns' Owner Mat, Intends to Acquire Twins"
According to reports, Mat Ishbia, owner of the Phoenix Suns, and his brother, Justin, are interested in purchasing another professional sports team.
The Athletic stated that Justin Ishbia is leading the effort to buy the Minnesota Twins, a team owned by the Pohlad Family since 1984.
The Twins made changes to their front office at the end of the season under the leadership of controlling owner Jim Pohlad and club executive chair Joe Pohlad. The Pohlad family has owned the team for over 35 years and recently began exploring a sale.
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One of the changes made was appointing Derek Falvey, currently the president of baseball operations, as team president starting next month.
The Ishbias reportedly met with local leaders, but it is unclear if team officials were involved in the discussions at this stage.
During the MLB Winter Meetings, Falvey stated that the sale process is in "Phase One" and could take several months.
Justin Ishbia, who is worth $5.4 billion, is part of the ownership group for the Suns and WNBA's Phoenix Mercury. He holds the title of alternative governor for both teams.
The 47-year-old is also a managing partner at Shore Capital Partners, an equity firm based in Chicago. Mat Ishbia, on the other hand, owns United Wholesale Mortgage, where Justin Ishbia is a 22 percent owner.
Mat Ishbia bought the Suns and Mercury from Robert Sarver for $4 billion, a deal that was approved by the NBA Board of Governors in 2023.
Justin Ishbia is the second-largest stakeholder in the Suns and Mercury. He is also a member of the Vanderbilt University Board of Trust and the Museum of Science and Industry Board in Chicago.
