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.

Billionaire Justin Ishbia recently abandoned his pursuit of purchasing the Minnesota Twins to instead increase his minority stake in the White Sox, Jon Greenberg of The Athletic reported Friday.

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

The Shore Capital Partners chief has abandoned his pursuit of the Minnesota Twins and will instead increase his existing minority stake in the Sox, the Athletic reports today, citing unnamed sources.

Billionaire Justin Ishbia no longer hopes to purchase the Twins. Find out more about the impact at MLB Trade Rumors.

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,