A group of Twin Cities executives is rallying to save the Minnesota Twins.
The group is trying to assemble a new offer to buy the team and hopes to
persuade Twins owner Carl Pohlad to delay his decision on whether to sell the
franchise back to Major League Baseball, which would then discontinue the team,
the Star Tribune reported Saturday.
Joining efforts are Jim Campbell, chairman of Wells Fargo Bank of Minnesota;
Paul Grangaard, a top executive of U.S. Bancorp Piper Jaffray; Vance Opperman,
the former chief executive of West Publishing; and attorney Michael Ciresi,
"I don't want to believe that Carl Pohlad and his family would take the
$250 million and run," Ciresi said Friday, using the figure that has been
rumored as the offer from other team owners. "He owes more to this
community than that. He stepped up to the plate in 1984 to buy the Twins."
However, according to media reports, baseball owners could vote as early as
Tuesday, which would mean Ciresi and the others need Pohlad to agree to a delay.
"In order for us to do anything, two things have to happen: they (Major
League Baseball) have to put off that vote, and business and political leaders
in Minnesota need to come to the forefront," said Ciresi, who is chairman
of the Robins Kaplan Miller and Ciresi law firm.
The Associated Press was unable to reach Pohlad for comment Saturday.
Ciresi told the Star Tribune that the group has a shot at raising acquisition
financing over time. However, the group does not plan an offer near the $200
million-plus the Pohlads believe they can get from their fellow owners.
Forbes magazine valued the franchise at $99 million earlier this year.
And only last month, Pohlad's son, Jim, 48, said the family intended to keep
the Twins, despite a lack of success in getting the Legislature to help finance
a new stadium.