{"id":270612,"date":"2026-04-16T11:24:26","date_gmt":"2026-04-16T11:24:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/270612\/"},"modified":"2026-04-16T11:24:26","modified_gmt":"2026-04-16T11:24:26","slug":"padres-sale-price-now-near-3-5-billion-after-latest-round-of-bids","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/270612\/","title":{"rendered":"Padres sale price now near $3.5 billion after latest round of bids"},"content":{"rendered":"

\"Padres<\/a>Fans cheer as they arrive at Petco Park for opening day. (Photo by Denis Poroy\/AP Photo)<\/p>\n

The four parties trying to\u00a0buy the Padres<\/a> submitted a second round of bids on Tuesday and all approached the $3.5 billion mark, a source close to the negotiations told Times of San Diego.<\/p>\n

But the eventual Padres sales price \u2014 already expected to be the largest in Major League Baseball history \u2014 could still go higher.<\/p>\n

That\u2019s because the Seidler family could still push for a third round of bids from the interested buyers, the source said, though that has not yet been determined.<\/p>\n

The Seidlers put the team up for sale in November, two years after the death of controlling owner Peter Seidler at 63 years old. The family has told buyers they would like to have the entire sale tied up and closed by June, the source said.<\/p>\n

Of the four bidders, one is an ownership group led by Joe Lacob, the principal owner of the NBA\u2019s Golden State Warriors, the WNBA\u2019s Valkyries and the Chase Center. Another group is led by Dan Friedkin, who owns three European soccer clubs. Tom Gores, the owner of Platinum Equities and the NBA\u2019s Pistons, heads another. The last group is led by Jose E. Feliciano, who owns the Chelsea Football Club, is in the hunt<\/p>\n

According to\u00a0recent valuations<\/a>\u00a0by Forbes, the Padres are currently worth $3.1 billion, ranking 10th in the league. The Yankees lead baseball at $8.5 billion and the Dodgers are second at $7.8 billion.<\/p>\n

The Mets previously sold for the highest ever price of $2.4 billion, when Steve Cohen purchased the team in 2020. They are currently valued at $3.5 billion. The Dodgers fetched $2.15 billion in 2012 when Guggenheim Baseball Management bought the team.<\/p>\n

Of the figures leading the four potential ownership groups, Friedkin is the wealthiest, with a worth of $11.1 billion, according to Forbes. The others in descending order are Gores at $10.1 billion, Feliciano at $3.9 billion and Lacob at $2.3 billion.<\/p>\n

An impediment for Lacob may be that his Warrior partner and Dodgers minority owner Peter Guber might have to divest his Dodger shares to own a piece of the Padres.<\/p>\n

Gores has previous San Diego ties. His hedge fund bought the San Diego Union-Tribune from the Copley family in 2009 and flipped it to local hotel owner Doug Manchester two and a half years later. More recently in 2024, he purchased 27% of the Chargers from the Spanos family, seven years after the team relocated from San Diego.<\/p>\n","protected":false},"excerpt":{"rendered":"Fans cheer as they arrive at Petco Park for opening day. (Photo by Denis Poroy\/AP Photo) The four…\n","protected":false},"author":2,"featured_media":270613,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[3834,2674,74,76,75,32997],"class_list":{"0":"post-270612","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-san-diego","8":"tag-major-league-baseball","9":"tag-padres","10":"tag-san-diego","11":"tag-san-diego-headlines","12":"tag-san-diego-news","13":"tag-seidler-family"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/270612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=270612"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/270612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/270613"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=270612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=270612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=270612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}