Word: pohlad
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...competitive if inexperienced team. But the state's flinty taxpayers have refused to chip in for a new stadium to replace the charmless Metrodome, meaning that the Twins can't enhance revenues from skyboxes and naming rights and such. The Twins also have an owner, billionaire banker Carl Pohlad, who has been unwilling to invest in big salaries. "It makes no sense for Major League Baseball to be in markets that generate insufficient local revenues to justify the investment in the franchise," said commissioner Bud Selig. Minnesota brings in $25 million locally, near the bottom. The league's proposed solution...
...commissioner with any strength is going to cause trouble for them." Fans view a charismatic commissioner, like the late Bart Giamatti, as their tribune, the only person in the game who stands for something more than economic self- interest. But many owners just don't get it. Carl Pohlad, owner of the Minnesota Twins, asks with puzzlement, "Why does finding a commissioner get more public attention than choosing the chairman...
...failing at brewing was one of the best things that ever happened to him. He sold his beer brands (Grain Belt, Hauenstein and Storz) to G. Heileman Brewing and auctioned off machinery, thus making a $5 million profit. He used that money in a joint venture with the Pohlad family of Minneapolis to buy nearly $300 million worth of property and uncollected bills from bankrupt retailer W.T. Grant for the fire-sale price of $44 million. Says he: "That was the mother lode that got it all going." It earned him the nickname Irv the Liquidator...
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