Particle.news
Download on the App Store
6 ARTICLES
·
4h ago

Padres Sale Narrows to Four Finalists as Pistons Owner Tom Gores Joins Bidding

A record price projected well above $3 billion could shape MLB labor talks.

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)
Image
4-14-24

Overview

  • The Padres sale now has four finalist groups with Pistons owner Tom Gores, who also holds a 27% stake in the NFL's Chargers, confirmed as a leading contender.
  • Final offers are expected in early to mid-April, with an agreement possible by the end of April.
  • Reports project a sale price above $3 billion that could top $3.5 billion, which would pass the $2.42 billion Mets mark set in 2020.
  • The other finalists are groups led by Warriors owner Joe Lacob, Chelsea co-owner José E. Feliciano, and Everton and AS Roma owner Dan Friedkin.
  • The Seidler family began exploring a sale in November, and several outlets note that a record valuation could influence the next MLB–players union bargaining round.