Padres Will Starting Accepting Initial Purchase Bids In Late February

[Steve Drumwright]

The Seidler family will begin to accept initial bids for a sale of the San Diego Padres by the end of February, according to a report on Feb. 5 by The Athletic.

This comes on the heels of a settlement in a legal battle between the widow of late owner Peter Seidler and two of his brothers. Peter Seidler died in November 2023.

Among the top candidates mentioned in the report is Joe Lacob, owner of the NBA's Golden State Warriors and WNBA's Golden State Valkyries. Lacob has previously pursued purchasing the Los Angeles Dodgers, Los Angeles Angels and the A's when they were in Oakland.

Sportico reported Wednesday that two owners of English Premier League soccer teams have shown interest in the Padres. Dan Friedkin has ownership of Everton and AS Roma through his Pursuit Sports and Jose E. Feliciano is part of the Chelsea group through Clearlake Capital.

The Athletic said the Padres, who were valued last year at $1.9 billion, were seeking a sale price of close to $3 billion, which would surpass the MLB record of $2.42 billion set when Steve Cohen purchased the New York Mets in 2020.

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