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Team Sale
#21 · January 9, 2026, 8:03 am
Not hearing anything on were the sale of the team stands ... either timing or buyer. However, seems like a high confidence that a deal will be done by the 2027 season.
Understand that keeping these negotiations "private" is just good business policy but usually there are some leaks.
One factor that could impact the 2026 Padres is influence the potential buyer has on the current spending / strategy. The current owners don't want to hurt the deal (and price) by totally going off script from any expected plan / spending. Now that does not mean spend less or more ... just what the plan as understood by all the parties.
#22 · January 9, 2026, 8:41 am
I guess my train of thought is that if I was buying a MLB team that I would want the sale completed prior to the end of the season. That way I would be able to have input into the CBA negotiations instead of taking over after the situation has been determined.
Lets say that deal has been negotiated and agreed upon but not legally completed. We are 2 weeks from the trade deadline, can the new owner say go ahead and pump an extra $20M into the payroll and Im good with that?
Not sure how that works?
#23 · January 9, 2026, 12:18 pm
Billion$+ transactions are difficult to construct and normally have to go through various financial hurdles where the buyer needs to align what they have to do to deliver the equity (sell some other assets) and arrange the debt structure ... then the league (other owners) needs to weigh in ... so no slam dunk. If there is any doubt ... the seller is not going to deviate from their plan.
I guess if the sale is agreed to by all the parties but the legal details just need to be finalized ... and if there is no adverse impact on the payout to the seller ... sure could give the OK to spend more while adjusting the selling price ... or ask the team to spend less or not commit to long term deals. Always tricky to insert the buyer into operations prior to the deal finalized.
Would make sense to close so the new owners have some impact on the new CBA but realistically the hard negotiation does not happen until January, 2027 ... before that just positioning. Plus will the established owners really care much about the new owners' opinion?
Given the quite period on news ... my though of the deal closing by opening day seems unlikely ... so maybe agreement in 2026 with a close targeted for November?
Business is business ... so closes when it can ... but have 2026 as a farewell to Peter Siedler' ownership might somehow impact the timing to season end.
#24 · February 4, 2026, 2:12 pm
From Gaslamp Ball:
News broke late Tuesday that the lawsuit between Peter Seidler’s widow, Sheel Seidler, and the Seidler brothers named in her allegations (Matt and Bob Seidler) have settled the bulk of the suit.
The terms of the settlement have not been released and probably never will be but this development lends further support to the rumors than an imminent sale of the team is probably true. The rumor mill has been churning for the last month regarding multiple parties interested in the purchase of the team.
Although no specific names have been shared, it has not been hard to imagine that the team would be attractive to multiple people or groups that want to own an MLB team. Joe Lacob, owner of the Golden State Warriors, is the only person who has publicly expressed interest in buying an MLB team.
The rumors were further supported by the fact that Padres CEO Erik Greupner was willing to make a public announcement at FanFest. He said that the sale was proceeding successfully and that the new owner would be invested in winning and maintaining the current goals.
The lawsuit would presumably be a roadblock to that sale and with this settlement, it may be announced sooner rather than later. It would not be surprising that the final negotiations for the A.J. Preller contract could be delayed as a result of rapidly progressing sale negotiations. Let’s hope these rumors are true and resolution occurs before the season starts.
#25 · February 4, 2026, 2:17 pm
From Sportico:
Two different billionaire English Premier League owners are among those who have expressed interest in buying the San Diego Padres, according to multiple people familiar with the process.
Dan Friedkin, whose Pursuit Sports owns Everton and AS Roma, and José E. Feliciano, whose Clearlake Capital is a backer of Chelsea, are two of a handful of potential bidders engaged in the ongoing sale process, said the people, who were granted anonymity because the details are private. Others include Golden State Warriors co-owner Joe Lacob, who has hinted about his potential interest.
The Padres, Feliciano and boutique investment bank BDT & MSD, which was retained last November to explore a potential sale of the MLB club, declined to comment. An email sent to the Friedkin Group was not immediately returned.
#26 · February 5, 2026, 11:26 am
Billionaire EPL owners among potential buyers of Padres: Report
Just to add what Fenn posted above👍🏽