Justin Ishbia, Phoenix Suns Minority Owner, Eyes Minnesota Twins Purchase

Justin Ishbia, a minority owner of the Phoenix Suns and brother of Suns majority owner Mat Ishbia, has expressed interest in purchasing the Minnesota Twins, according to a source familiar with the matter. The Pohlad family, which has owned the Twins for four decades, announced in October their intention to explore selling the team, potentially ending one of the longest-tenured ownerships in Major League Baseball.


The Twins, who finished last season with an 82-80 record and missed the playoffs for the third time in four seasons, are valued at approximately $1.46 billion. Justin Ishbia, whose net worth is estimated at nearly $5 billion, is the founder and managing partner of Shore Capital Partners, a Chicago-based private equity firm. His brother, Mat, led an ownership group that included Justin to acquire a controlling stake in the Suns and the Phoenix Mercury in February 2023 at a $4 billion valuation.


Justin, who owns a 22% stake in United Wholesale Mortgage, is listed as the alternate governor for the Suns and Mercury. The Pohlad family's decision to sell the Twins comes after months of thoughtful consideration, with the goal of finding an ownership group that will continue to honor and uphold the Twins' legacy.