Padres' sale agreement reportedly close to finish line
Padres' sale agreement reportedly close to finish line
Tarohn FinleyThu, April 16, 2026 at 7:43 PM UTC
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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 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.
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The sale price reportedly could reach $3.5 billion, which would surpass the record set in 2020, when Steve Cohen purchased the New York Mets for $2.42 billion. Any agreement would 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 reaching the National League Championship Series in 2022, when they lost to the Philadelphia Phillies.
The Padres are 12-6 this season, entering play Thursday.
Source: “AOL Sports”
