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Hall of Famer Brees Joins Padres Bid
27 Feb
Summary
- Drew Brees and Vuori CEO Joe Kudla are bidding for the San Diego Padres.
- The Padres franchise is valued at $2.31 billion, with a sale price near $3 billion sought.
- Five strong bids are reportedly in contention for the baseball team.
A bid for the San Diego Padres is being led by Hall of Fame quarterback Drew Brees and Joe Kudla, the owner and CEO of the apparel brand Vuori. This partnership is among five groups vying to purchase the MLB franchise. The due date for the initial round of offers has passed, and the sale process is attracting significant attention as MLB anticipates a potential lockout next offseason.
The San Diego Padres are currently valued at $2.31 billion, according to recent appraisals, with the Seidler family reportedly seeking closer to $3 billion for the team. This potential sale could set a new record for an MLB franchise transaction, surpassing the $2.42 billion paid for the New York Mets in 2020.
Other notable potential buyers include Golden State Warriors owner Joe Lacob and José E. Feliciano, who co-owns an English Premier League club. The Padres' sale process was put on the market in November, following legal resolutions among the late owner's family members, which removed a potential obstacle.
