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7h ago

Padres Sale Down to Four Finalists, Including Pistons Owner Tom Gores

A sale at more than $3 billion would set a new MLB record.

FOXBOROUGH, MA – JANUARY 11: Los Angeles Chargers owner and chairman of the board Dean Spanos, his wife Susie, Holly Gores and Chargers minority stake owner Tom Gores in warm up before an AFC Wildcard game between the New England Patriots and the Los Angeles Chargers on January 11, 2025, at Gillette Stadium in Foxborough, Massachusetts. (Photo by Fred Kfoury III/Icon Sportswire via Getty Images)
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Overview

  • Reporting confirms four final bidders for the San Diego Padres, with Detroit Pistons owner Tom Gores joining the short list.
  • Final offers are expected in early to mid-April, and a deal could be reached by the end of April, according to The Athletic.
  • The price is projected to top $3 billion and could exceed $3.5 billion, which would surpass the $2.42 billion that Steve Cohen paid for the Mets in 2020.
  • The other reported finalists are Warriors owner Joe Lacob, Chelsea owner José E. Feliciano, and San Diego native Dan Friedkin, who owns Everton and AS Roma.
  • Interest is driven by strong attendance and revenue in San Diego, even as reports note team debt near $300 million and a sale process that began in November after the Seidler family moved to transition ownership.