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Five ownership groups have placed bids to purchase the San Diego Padres, according to reports.
Among the groups showing interest is one involving Hall of Fame quarterback Drew Brees, who's part of a group led by Vuori founder and CEO Joe Kudla, The Athletic reports. Vuori, an activewear clothing brand, is based in Carlsbad, Calif., 35 miles away from downtown San Diego. Kudla and Brees are reportedly friends and workout partners, and the former NFL QB, elected to the Pro Football Hall of Fame in February, regularly attends Padres games.
[Get more Padres news: San Diego team feed]
As expected, one of the bids is from Golden State Warriors team owner Joe Lacob, which was previously reported by The Athletic. Lacob, 70, has owned the Warriors since 2010, a span during which the team has won four NBA championships and become the most valuable team in the league. He has previously attempted to purchase the Athletics, Los Angeles Angels and Los Angeles Dodgers.
Two other groups that have reportedly expressed interest in buying the Padres are led by Dan Friedkin and José E. Feliciano, which was originally reported by Sportico.
Friedkin's Pursuit Sports group owns Premier League club Everton and AS Roma in Serie A. He also attempted to purchase the Boston Celtics before Bill Chisholm and his Symphony Technology Group won the bidding last spring. Feliciano and his private equity firm, Clearlake Capital, own Chelsea in the Premier League.
Bids were due for submission on Wednesday, The Athletic reported. Each of the five is reportedly viewed as "very strong" and a sale could be completed by the end of March, according to the San Diego Union-Tribune.
The Seidler family, which currently owns the Padres, has been exploring a potential sale since November. John Seidler, brother of late team owner Peter Seidler, currently controls the family trust, and thus the Padres, after being approved by MLB owners a year ago.
The path to a sale was cleared when Sheel Seidler, Peter Seidler's widow, settled her lawsuit against her brothers-in-law, Bob and Matt Seidler. The lawsuit, filed in January 2025, alleged that the brothers committed "breaches of fiduciary duty and fraud" as trustees of the Seidler Trust that controls the franchise. John Seidler was not named in the lawsuit.
Peter Seidler died in November 2023 at the age of 63 after a months-long illness. He became the Padres' chairman and largest stakeholder after being part of the group that purchased the franchise in 2012.
The Seidler family is reportedly seeking a sale price close to $3 billion, according to The Athletic. The Padres were valued at $2.3 billion by Sportico last year. Steve Cohen purchased the New York Mets for $2.4 billion in 2020, the highest sale price for an MLB team.
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Among the groups showing interest is one involving Hall of Fame quarterback Drew Brees, who's part of a group led by Vuori founder and CEO Joe Kudla, The Athletic reports. Vuori, an activewear clothing brand, is based in Carlsbad, Calif., 35 miles away from downtown San Diego. Kudla and Brees are reportedly friends and workout partners, and the former NFL QB, elected to the Pro Football Hall of Fame in February, regularly attends Padres games.
[Get more Padres news: San Diego team feed]
As expected, one of the bids is from Golden State Warriors team owner Joe Lacob, which was previously reported by The Athletic. Lacob, 70, has owned the Warriors since 2010, a span during which the team has won four NBA championships and become the most valuable team in the league. He has previously attempted to purchase the Athletics, Los Angeles Angels and Los Angeles Dodgers.
Two other groups that have reportedly expressed interest in buying the Padres are led by Dan Friedkin and José E. Feliciano, which was originally reported by Sportico.
Friedkin's Pursuit Sports group owns Premier League club Everton and AS Roma in Serie A. He also attempted to purchase the Boston Celtics before Bill Chisholm and his Symphony Technology Group won the bidding last spring. Feliciano and his private equity firm, Clearlake Capital, own Chelsea in the Premier League.
Bids were due for submission on Wednesday, The Athletic reported. Each of the five is reportedly viewed as "very strong" and a sale could be completed by the end of March, according to the San Diego Union-Tribune.
The Seidler family, which currently owns the Padres, has been exploring a potential sale since November. John Seidler, brother of late team owner Peter Seidler, currently controls the family trust, and thus the Padres, after being approved by MLB owners a year ago.
The path to a sale was cleared when Sheel Seidler, Peter Seidler's widow, settled her lawsuit against her brothers-in-law, Bob and Matt Seidler. The lawsuit, filed in January 2025, alleged that the brothers committed "breaches of fiduciary duty and fraud" as trustees of the Seidler Trust that controls the franchise. John Seidler was not named in the lawsuit.
Peter Seidler died in November 2023 at the age of 63 after a months-long illness. He became the Padres' chairman and largest stakeholder after being part of the group that purchased the franchise in 2012.
The Seidler family is reportedly seeking a sale price close to $3 billion, according to The Athletic. The Padres were valued at $2.3 billion by Sportico last year. Steve Cohen purchased the New York Mets for $2.4 billion in 2020, the highest sale price for an MLB team.
Continue reading...
