- Carl Pohlad
Carl R. Pohlad (born
August 23, 1915, in West Des Moines, Iowa) has been the owner of the Minnesota Twinsbaseball franchise since 1984 (succeeding Calvin Griffith).
Pohlad grew up in
Valley Junction, Iowa(now known as West Des Moines, Iowa). In 1934, he graduated from Valley High School. He attended and played football for Compton Junior Collegein Southern California for a short time. Bing Crosbysaw him play football and recruited him to play for his alma mater Gonzaga Universityin Washington. Pohlad attended Gonzaga but dropped out after the football season of his senior year.
He was drafted to serve in WWII, and served from 1943-1946. Pohlad fought in Europe and spent time in France, Germany, and Austria. He was wounded in battle, and was awarded the Purple Heart and a Bronze Star Medal.
After the war he returned to Iowa, married Eloise O'Rourke Pohlad and later moved to Edina, MN.
Pohlad got his start in the banking business by foreclosing farms during the
Great Depression. After the Depression, he began getting into investing. Over several decades, he built a banking empire, finally selling Marquette Bank to U.S. Bancorpin theOver several decades, he built a banking empire, finally selling Marquette Bank to First Bank Systems (later formed into U.S. Bancorp) in 1992. [ [http://findarticles.com/p/articles/mi_qa3799/is_199806/ai_n8785814 After six-year absence Marquette Bank returns to Edina | Northwestern Financial Review | Find Articles at BNET.com ] ] Forbesranks him tied for the 107th richest person in the United States, with a net worth of 2.6 billion dollars. [ [http://www.forbes.com/lists/2006/54/biz_06rich400_Carl-Pohlad_75UU.html #107 Carl Pohlad - Forbes.com ] ]
Pohlad is also the Vice President of
Pohlad Companies, which owns several companies both large and small, including Marquette Financial Companies, United Properties, River Road Entertainment, Stanton Group Holdings [http://www.marquette.com/companies/otherinterests/] , Inetium, Arcadia Solutions, KTTBFM (B-96) Radio Station (through Northern Lights Broadcasting, a holding company [http://www.kxmc.com/t/minnesota/133420.asp] ), and JB Hudson's Jewelers [http://wcco.com/local/J.B.2.367092.html] in the Twin Cities, as well as a controlling interest in PepsiAmericas, the second largest bottling group in the United States.
He has been widely criticised for both a seeming eagerness to allow the team to be eliminated in league contraction and a failure to spend enough of his immense wealth on improving the team. In 1997, Pohlad almost sold the Twins to
North Carolinabusinessman Don Beaver, who would have moved the team to the Piedmont Triadarea of the state. [Is North Carolina Ready by Minnesota Public Radio 10-3-97 [http://news.minnesota.publicradio.org/features/199710/03_kastem_ncready/] ] The defeat of a referendumfor a stadium in that area and a lack of interest in a move to Charlottekilled the deal.
Pohlad owned a part of the
Minnesota Vikingsfrom the mid-1980s to 1991.
Pohlad's wife, Eloise died in 2003. They had three sons during their 56-year marriage: James, Robert, and William.
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["Is North Carolina Ready" by Minnesota Public Radio 10-3-97]
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