Minnesota Twins Codexery

Carl Pohlad

The financier who brought two World Series titles to Minnesota.

Carl Ray Pohlad (August 23, 1915 – January 5, 2009) was an American financier from Minnesota best known as the owner of the Minnesota Twins baseball franchise. He purchased the team in 1984, succeeding Calvin Griffith, and held ownership until his death at age 93. A veteran of World War II who earned a Purple Heart and Bronze Star, Pohlad built a banking empire before taking control of the club for $43.5 million. Under his leadership, the Twins won back-to-back World Series titles in 1987 and 1991. His estimated net worth reached $3.6 billion by 2009, placing him on the Forbes 400 list.

Role
Owner
Affiliation
Minnesota Twins (MLB)
Predecessor
Calvin Griffith
Era Start
1984
Status
Deceased (January 5, 2009)
Key Achievement
Won World Series in 1987 and 1991

Verified Timeline

1915191919841987199119931997200120032005200620092010

Lore & Background

Pohlad's path to ownership began in Valley Junction, Iowa, where he was born to Slovak parents. After dropping out of Gonzaga University following his football season, he served in Europe during World War II, missing the Normandy Invasion due to poison oak but still earning a Purple Heart and Bronze Star for wounds sustained in battle. His career started with foreclosing farms during the Great Depression before he built a banking empire, eventually selling Marquette Bank to First Bank System in 1993. In late 1991, he also saved the Twin City Rapid Transit from Fred A. Ossanna. His ownership of the Twins began in 1984 when he paid $32 million for Calvin and Thelma Griffith's controlling stake and $11.5 million for H. Gabriel Murphy's interest. The franchise had been with the Griffith family since 1919, but Pohlad secured its future in Minnesota.

In Their Own Story

The air was thick with history when Pohlad finalized his purchase of the Twins in 1984. He paid a total of $43.5 million to end the Griffith family's 65-year hold on the franchise, buying out Calvin and Thelma Griffith Haynes for their majority stake and H. Gabriel Murphy for his minority interest. The gamble paid off immediately; just three years later in 1987, the Twins won their first World Series in Minnesota and only the second in franchise history. They followed this with another title in 1991. However, ownership was not without peril. In 1997, Pohlad nearly sold the team to Don Beaver, who planned to move it to North Carolina's Piedmont Triad, but a failed stadium referendum and lack of interest in Charlotte killed the deal. By 2001, he even offered to sell the franchise back to Major League Baseball for $150 million as part of a contraction plan, though a court order binding the team to the Metrodome lease prevented it.

Reader's Guide

For fans seeking history on Pohlad's tenure, key dates include his purchase in 1984 and his death on January 5, 2009. His sons James, Robert, and William all serve as Executive Board Members of the Twins. A bronze statue installed at Target Field in 2010 honors him alongside his wife, Mary Eloise O'Rourke (who died in 2003), featuring a plaque with his quote: "The great thing about baseball is the way it brings families and a community together." Financial records show he was tied for the 107th richest person in the US in 2006 with $2.6 billion, rising to $3.6 billion (ranked 102nd) by 2009. Beyond baseball, Pohlad held controlling interests in PepsiAmericas and owned stations like KTWN FM and JB Hudson's Jewelers. His legacy includes the Golden Plate Award of the American Academy of Achievement in 1984 and his induction into the Minnesota Twins Hall of Fame in 2005.

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