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Padres Sale Reaches Four-Group Final Round, Bids Due by Mid-April

The price is projected to exceed $3 billion, setting a new MLB record if achieved.

Mar 10, 2026; Tempe, Arizona, USA; San Diego Padres center fielder Jase Bowen (45) hits against the Los Angeles Angels in the first inning at Tempe Diablo Stadium. Mandatory Credit: Rick Scuteri-Imagn Images/File Photo
Mar 9, 2026; Peoria, Arizona, USA; San Diego Padres catcher Luis Campusano (12) runs to second base en route to a double against the Texas Rangers during the third inning at Peoria Sports Complex. Mandatory Credit: Joe Camporeale-Imagn Images/File Photo
Feb 18, 2026; Peoria, AZ, USA;    San Diego Padres pitcher Daison Acosta (63) during spring training photo day. Mandatory Credit: Jayne Kamin-Oncea-Imagn Images
Feb 18, 2026; Peoria, AZ, USA; San Diego Padres pitcher Marco Gonzalez (32) during spring training photo day. Mandatory Credit: Jayne Kamin-Oncea-Imagn Images

Overview

  • Representatives of the four remaining bidder groups met this week with team officials in Peoria, and those groups have been asked to submit final offers by mid-April.
  • Reporting indicates the valuation is expected to top roughly $3 billion, which would surpass the Mets’ $2.4 billion sale in 2020 as MLB’s highest price.
  • Potential finalists identified in reports include Joe Lacob, Dan Friedkin and José E. Feliciano, though the full list of four groups has not been disclosed.
  • The Seidler family put the club on the market in November; their investor group bought the Padres in 2012 for about $800 million and the family is now moving toward a transfer of control.
  • Separately, Joe Musgrove is trending toward opening on the injured list as his return is managed conservatively, and infielders Sung Mun Song and Will Wagner are dealing with oblique issues that could affect Opening Day roster choices.