{"id":609866,"date":"2026-04-17T08:44:17","date_gmt":"2026-04-17T08:44:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/609866\/"},"modified":"2026-04-17T08:44:17","modified_gmt":"2026-04-17T08:44:17","slug":"padres-sale-nearing-conclusion-mlb-trade-rumors","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/609866\/","title":{"rendered":"Padres’ Sale Nearing Conclusion – MLB Trade Rumors"},"content":{"rendered":"

The Seidler family\u2019s sale of the Padres franchise is nearing a conclusion, reports Dennis Lin of The Athletic<\/a>. Four finalist groups of bidders remain in the mix, and the sale price could approach a record $3.5 billion, per the report.<\/p>\n

A sale of the franchise has been in the works since November. At the time, chairman John Seidler announced that his family had\u00a0 \u201cdecided to begin a process of evaluating our future with the Padres, including a potential sale of the franchise.\u201d As of February, five bidding groups were in the mix. That\u2019s down to four, with Lin listing a quartet of groups led by Detroit Pistons owner Tom Gores, Golden State Warriors owner Joe Lacob, and a pair of English Premier League owners: Jos\u00e9 E. Feliciano (Chelsea) and Dan Friedkin (Everton). The identities of all four lead investors in those bidding groups were already known, but it\u2019s notable that there are still four strong bidders with existing interests in professional sports teams.<\/p>\n

Padres ownership has been in a tumultuous state for more than two years now. Late owner Peter Seidler, who had an aggressive willingness to spend, passed away in November of 2023. His brother, John, was eventually approved by the league\u2019s other owners as the team\u2019s new control person, but not before some legal in-fighting among the family.<\/p>\n

Peter\u2019s widow, Sheel Seidler, sued two of her brothers-in-law, Matt and Bob Seidler, alleging that they had breached fiduciary duty and committed fraud as successors of their late brother\u2019s trust. Sheel Seidler accused Matt and Bob of selling assets to themselves at \u201cfar\u201d below-market prices as they attempted to consolidate control of the franchise. Matt vehemently\u00a0denied the allegations in a formal statement<\/a>, wherein he accused Sheel of \u201cmanufacturing claims\u201d against other trustees in an effort to secure control of the franchise herself. Sheel Seidler\u2019s suit was largely settled outside of court back in February<\/a>, paving the way for the family to accelerate efforts to sell the team.<\/p>\n

Anything north of $2.4 billion would set a new record for the largest sale of a franchise in MLB history. Steve Cohen\u2019s $2.4 billion purchase of the Mets from the Wilpon family back in 2020 currently stands as the all-time record. Forbes ($1.9 billion) and Sportico ($2.3 billion) have pegged the Padres\u2019 estimated franchise value considerably south of the $3.5 billion sum referenced by Lin, though the San Diego Union-Tribune reported back in February that the Seidler family was likely to seek a price far greater than those valuations in order to sell the club.<\/p>\n","protected":false},"excerpt":{"rendered":"The Seidler family\u2019s sale of the Padres franchise is nearing a conclusion, reports Dennis Lin of The Athletic.…\n","protected":false},"author":2,"featured_media":609867,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[435],"tags":[229823,49,48,229824,31697,200659,229825,462,114510,82,185577],"class_list":{"0":"post-609866","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mlb","8":"tag-bob-seidler","9":"tag-ca","10":"tag-canada","11":"tag-dan-friedkin","12":"tag-joe-lacob","13":"tag-john-seidler","14":"tag-jose-e-feliciano","15":"tag-mlb","16":"tag-peter-seidler","17":"tag-sports","18":"tag-tom-gores"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/609866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=609866"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/609866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/609867"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=609866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=609866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=609866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}