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The San Diego Padres’ sale process is reportedly entering its final stages after a months-long search, with an agreement potentially coming as soon as next week, according to The Athletic’s Dennis Lin. The Padres first announced plans to sell the team in November, two years after the death of owner Peter Seidler.
Ownership groups led by Golden State Warriors and Valkyries principal owner Joe Lacob, Detroit Pistons and Platinum Equities owner Tom Gores, Chelsea FC owner José E. Feliciano, and AS Roma, AS Cannes, and Everton FC owner Dan Friedkin are reportedly among the four highest bidders the Seidler family is considering.
The sale price could reach $3.5 billion, which would surpass the current record set in 2020 when Steve Cohen purchased the New York Mets for $2.42 billion. Any agreement would still require approval from 75% of MLB owners in the coming weeks.
Interest in the Padres comes amid a strong run for the franchise. The team has made the playoffs in four of the past six seasons, including a National League Championship Series appearance in 2022, where they lost to the Philadelphia Phillies. The Padres have also started this season 12-6.
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Ownership groups led by Golden State Warriors and Valkyries principal owner Joe Lacob, Detroit Pistons and Platinum Equities owner Tom Gores, Chelsea FC owner José E. Feliciano, and AS Roma, AS Cannes, and Everton FC owner Dan Friedkin are reportedly among the four highest bidders the Seidler family is considering.
The sale price could reach $3.5 billion, which would surpass the current record set in 2020 when Steve Cohen purchased the New York Mets for $2.42 billion. Any agreement would still require approval from 75% of MLB owners in the coming weeks.
Interest in the Padres comes amid a strong run for the franchise. The team has made the playoffs in four of the past six seasons, including a National League Championship Series appearance in 2022, where they lost to the Philadelphia Phillies. The Padres have also started this season 12-6.
Continue reading...
