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, 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,

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.