The Twins are hustling to regroup after learning this week that a leading contender in their search for a new owner has abandoned his bid.

Justin and his brother, Mat, emerged as suitors to buy the Twins in December, a few months after chairman Joe Pohlad -- whose father, Carl, purchased the Twins for $44 million in 1984 -- announced that the family would explore options to sell the ballclub.

The Minnesota Twins' ownership saga has taken an unexpected turn. Billionaire businessman Justin Ishbia, once a frontrunner to acquire the franchise, has withdrawn his bid to focus on increasing his stake in the Chicago White Sox.