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 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 Ishbia has dropped his bid to purchase the Minnesota Twins in lieu of buying the White Sox. This was first reported by Jon Greenberg of The Athletic.

Ishbia has dropped his pursuit of the Twins, The Athletic has learned, and will instead increase his minority stake in the White Sox.

The Minnesota Twins hoped Justin Ishbia was going to buy the team only for him to spurn them for the Chicago White Sox.

As the rumors of a Twins sale continue, Justin Ishbia, co-owner of the Phoenix Suns with his brother Mat, will not pursue the team.

Justin Ishbia, the billionaire financier who had approached several former Twins players to be minority partners in a much-rumored effort to buy the Twins, will instead increase his minority stake in the White Sox,