Justin Ishbia, minority owner of the Phoenix Suns and brother of Suns majority owner Mat Ishbia, is interested in purchasing the Minnesota Twins, a source familiar with the matter told ESPN on Friday.

In October, the Pohlad family, which has owned the Twins for four decades, announced its intention to explore selling the team, which would mark the end of one of the longest-standing ownership relationships in Major League Baseball. The Twins finished 82-80 last season, missing the playoffs for the third time in four seasons.

Justin, whose net worth is nearly $5 billion according to Forbes, is the founder and managing partner of Chicago-based private equity firm Shore Capital Partners.

Justin’s brother Mat, a billionaire mortgage lender and head of United Wholesale Mortgage, led an ownership group that included Justin to acquire a majority stake in the Suns and the Phoenix Mercury in February 2023 at a valuation of $4 billion.

Justin, who owns a 22% stake in United Wholesale Mortgage, is listed as an alternate governor of the Suns and Mercury.

Allen & Company is the investment bank facilitating the sale of the Twins, valued at between $1.5 billion and $2 billion. The Pohlad family bought the twins in 1984 for $44 million.

Bloomberg was first to report Ishbia’s interest in the twins.