Explore the latest developments concerning Padres' sale agreement.
Padres' sale agreement reportedly close to finish line
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 announced plans to sell the team in November, two years after the death of former 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 that the Seidler family is considering.
Padres’ sale process nearing end; agreement expected as soon as next week: Source – The Athletic
The Padres' average attendance through 12 games at Petco Park is 42,677. Sean M. Haffey / Getty Images
The San Diego Padres’ sale process is approaching its conclusion, with an agreement between the Seidler family and a preferred bidder expected as soon as early next week, a source with knowledge of the situation told The Athletic.
The development would cap a months-long auction that has drawn four finalist groups and a potential sale price of around $3.5 billion, a figure that would shatter the MLB record for a franchise sale ahead of a pivotal labor fight. The current benchmark of $2.42 billion was established in 2020 when Steve Cohen purchased the New York Mets.
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