SIOUX FALLS, S.D. (KELO) -- The owners of the Minnesota Twins have announced they will explore selling the team. The Twins have been owned by the Pohlad family since 1984. The Twins Executive Chair Joe Pohlad made the announcement Thursday morning. Minnesota Twins partnership with Bally ends, will have games produced by MLB The family released the following statement on the announcement: "For the past 40 seasons, the Minnesota Twins have been part of our family's heart and soul. This team is woven into the fabric of our lives, and the Twins community has become an extension of our family. The staff, the players, and most importantly, you, the fans – everyone who makes up this unbelievable organization – is part of that. We've never taken lightly the privilege of being stewards of this franchise. "However, after months of thoughtful consideration, our family reached a decision this summer to explore selling the Twins. As we enter the next phase of this process, the time is right to make this decision public. "We truly respect and cherish what the Twins mean to Minneapolis, St. Paul, the great state of Minnesota, and this entire region. Our goal is to be as informative as possible with the team, staff, and you, the fans. You deserve that, because in so many ways, this team doesn't belong to any one family – it belongs to all of you. It's our objective to find an ownership group who all of us can be proud of and who will take care of the Minnesota Twins. "After four decades of commitment, passion, and countless memories, we are looking toward the future with care and intention – for our family, the Twins organization, and this community we love so much." The Twins won the World Series in 1987 and 1991. After winning a playoff series in 2023 for the first time in decades, the Pohlads reduced payroll. The Twins finished the 2024 season with an 82-80 record and missed the playoffs. Earlier this week, the Twins announced Major League Baseball will produce and distribute Twins games on TV via cable, satellite and streaming in-market.