Sale Of San Diego Padres Could Happen Next Week

The San Diego Padres could have a new owner as soon as next week.

According to a report Thursday by Dennis Lin of The Athletic, the Seidler family is nearing a decision among a group of four suitors. The sale is expected to be for at least $3.5 million, which would eclipse the previous record for an MLB team of $2.42 million by Steve Cohen for the New York Mets in 2020.

The four bidders are two owners of English Premier League men's soccer teams, Chelsea's Jose A. Feliciano and Everton's Dan Friedkin, and two NBA owners, Tom Gores of the Detroit Pistons and Joe Lacob of the Golden State Warriors and WNBA's Golden State Valkyries.

The Athletic reported that each submitted final bids this week.

The Padres were recently valued at $3.1 billion by Forbes, up from $1.9 billion a year ago.

Peter Seidler, whose death in November 2024 set off this process, and Ron Fowler bought the Padres in 2012 for $800 million.