Pending Padres Sale Should Top Mark For Purchase Of Ballclub
Four groups, all owners of other teams in other sports, are bidding to buy the San Diego Padres.
The San Diego Padres, who play in photogenic Petco Park, will soon be sold at a record price for any baseball franchise. (Photo by Donald Miralle/Getty Images) Getty Images In San Diego, a city where sails are common, a sale could bring a record price. According to The Athletic, four groups are bidding for the San Diego Padres – pushing the potential price beyond the record $2.
4 billion Steve Cohen spent to buy the New York Mets six years ago. Family Feud Ownership of the club has been in a state of flux since the death of Peter Seidler just before Thanksgiving in 2023. Brother John Seidler is the current control person after approval by the other major-league owners.
But he entered that role only after protracted legal battles involving Sheel Seidler, Peter’s widow, and two of her brothers-in-law, Matt and Bob Seidler. Bidders for the ballclub include Detroit Pistons owner Tom Gores, Golden State Warriors owner Joe Lacob, and English Premier League owners Dan Friedkin of Everton and Jose E. Feliciano of Chelsea.
A fifth potential buyer dropped out when the sale price zoomed in February. At age 27, versatile Fernando Tatis is the face of the franchise in San Diego. (Photo by Tim Warner/Getty Images) Getty Images Hot Start Despite the uncertainty, the Padres have been baseball’s hottest team, winning eight games in a row through Thursday night.