Padres to reportedly take bids for potential sale; Warriors owner Joe Lacob among interested suitors
- - Padres to reportedly take bids for potential sale; Warriors owner Joe Lacob among interested suitors
Ian Casselberry February 6, 2026 at 11:54 AM
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The San Diego Padres are reportedly moving closer to the franchise going up for sale, with opening bids for the team expected to be submitted by the end of February, according to The Athletic.
One of the people presumably interested in bidding is Golden State Warriors team owner Joe Lacob, The Athletic's Dennis Lin and Mike Vorkunov reported. While Lacob has looked into the possibility of buying the Padres, he has not committed to making a bid, at least publicly. However, he has previously made attempts to buy the Athletics, Los Angeles Angels and Los Angeles Dodgers.
Lacob, 70, has owned the Warriors since 2010, overseeing a franchise that has won four NBA championships and has become the most valuable team in the league, according to CNBC and Forbes. His sports team portfolio also includes the WNBA expansion Golden State Valkyries.
The San Diego Padres could begin taking bids from potential buyers by the end of February, according to reports. (Photo by Justin K. Aller/Getty Images) (Justin K. Aller via Getty Images)
Others who have reportedly shown interest in purchasing the Padres include Dan Friedkin and José E. Feliciano, according to Sportico. Friedkin's Pursuit Sports group currently owns Premier League club Everton and AS Roma in Serie A. He also pursued buying the Boston Celtics before that franchise was sold to Bill Chisholm and Symphony Technology Group last spring. Feliciano and his private equity firm, Clearlake Capital, own Chelsea in the Premier League.
The path to a sale of the Padres was cleared earlier this week, when Sheel Seidler, the widow of late team owner Peter Seidler, settled her lawsuit against her brothers-in-law, Bob and Matt Seidler. The lawsuit, filed in January 2025, alleged that the brothers committed "breaches of fiduciary duty and fraud" as trustees of the Seidler Trust that controls the franchise.
Peter Seidler died in November 2023 at the age of 63 after a months-long illness. He became the Padres' chairman and largest stakeholder after being part of the group that purchased the franchise in 2012.
John Seidler currently controls the family trust, and thus the Padres, after being approved by MLB owners a year ago. He was not named in Sheel Seidler's lawsuit.
The lawsuit also accused the Seidler brothers of exploring a relocation of the team. Despite being based in the Bay Area, Lacob reportedly would not consider moving the Padres out of Southern California.
The Padres were valued at $2.3 billion by Sportico last year. The highest sale price for an MLB team was the New York Mets, which Steve Cohen purchased for $2.4 billion in 2020. The Seidler family is reportedly seeking a sale price closer to $3 billion, according to The Athletic.
Source: “AOL Sports”
