MINNEAPOLIS — The Minnesota Twins are no longer for sale, executive chair Joe Pohlad announced Wednesday on behalf of his family.

After exploring a variety of options since publicizing the sale 10 months ago , the Pohlad family will remain the principal owner of the club and add new investors instead. Carl Pohlad, a banking magnate and the late grandfather of Joe Pohlad, purchased the Twins in 1984 for $44 million.

Pohlad said the family was in the process of adding two “significant” limited partnership groups to bring in fresh ideas, bolster critical partnerships and shape the long-term vision of the franchise that relocated to Minnesota in 1961 after originating as the Washington Senators. Details about the new investors were being kept private until Major League Baseball approval

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