Justin Ishbia, the billionaire part-owner of the Phoenix Suns, had been the only publicly identified prospective buyer for the Minnesota Twins. But Ishbia instead is increasing his stake in the Chicago White Sox,

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 Billionaire businessman Justin Ishbia, once a frontrunner to acquire the franchise, has withdrawn his bid to focus on increasing his stake in the Chicago White Sox.

The Minnesota Twins are stuck in neutral as they search for a new owner. With the leading candidate dropping out, their directionless winter continues into spring.

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.

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

MESA, Ariz. -- Justin Ishbia is retreating from his pursuit to own the Twins and has designs on purchasing a larger minority share of the White Sox. While some view the move, reported by The Athletic, as potentially raising his chances of ownership in the future, Ishbia’s tender offer has no impact on control or operation of the team, the Sox say.