The Padres sold for $600 million in 2012, after cable money was accounted for. Fourteen years later, Forbes is valuing the franchise at $3.1 billion as the Seidler family closes in on a record sale price, perhaps as soon as next month.
A year ago, Forbes valued the Padres at $2 billion, which ranked 17th out of the 30 Major League Baseball teams.
This year’s value ranks 10th in baseball and is an MLB-best 59% increase over last year’s valuation.
The sale of the team, according to Forbes, could also reach $3.5 billion with the “inclusion of their events business, which generates tens of millions in annual revenue apart from the team itself.”
That would easily trump the record $2.4 billion that Steve Cohen paid to buy the Mets in 2020. The Mets are currently valued at $3.5 billion, sixth most in the majors.
The Yankees lead all teams with a valuation of $8.5 billion.
California’s other MLB teams rank second (Dodgers, $7.8 billion), fifth (Giants, $4.05 billion), 11th (Angels, $2.8 billion) and 18th (Athletics, $2 billion).
The rest of the NL West valuations have the Diamondbacks ranked 19th ($1.96 billion) and the Rockies ranked 25th ($1.68 billion).
You can read Forbes’ analysis here.