So about $100 million of that $400 million in debt probably comes from two years of decreased TV revenue and Correa’s contract.
A solution to television revenue won’t come before 2028. That’s the year Major League Baseball Commissioner Rob Manfred hopes to be able to take over control of teams’ local television rights, bundle them and sell them to different platforms. Many teams’ deals expire after 2027, making that bundling possible. The NBA, for example, is showing games on ESPN, ABC, NBC and Amazon this upcoming season — for $77 billion over 11 years.
MLB is currently completing due diligence on background checks and finances of the two limited partners. Approval will come sometime following the end of the season, with the Twins hoping it is completed before the end of 2025.
Then the Pohlad family has heavy lifting to do here.
Communicate what the 2026 payroll will be. How about signing Joe Ryan to a long-term deal? A splashy move will reveal how serious they are about making things right.
The plan isn’t known, but adding two more investors doesn’t seem like enough to meet this challenge.