The franchise in Minnesota has been for sale since last fall.
This week, the Twins sold the roster.
With nine trades, including seven over the final five hours before the deadline on Thursday, the Twins stunningly jettisoned nearly 40 of their team - including Carlos Correa and four high-leverage relievers who were all at least two years from free agency.
"It's hard, but it's about making sure that you're constantly trying to find a way to not just sit on your heels, hope that it all goes better, and keep you fingers crossed," president Derek Falvey said. "It's a way to actually go invest in the future of the team, hopefully the short-term and the long-term."
Starting pitcher Chris Paddack, one of six impending free agents, was the first to go on Monday. He was sent with right-hander Randy Dobnak, who has spent the majority of the last four seasons in Triple-A, to the Detroit Tigers for rookie league catcher Enrique Jimenez.