The Athletic and the San Diego Union-Tribune both reported that an unnamed source has divulged that there are five groups who submitted bids on Wednesday in the first round of offers to purchase the San Diego Padres.
The source or sources were not authorized to speak on the sale but it seems possible that the Padres could change hands within the next month to two months.
The Athletic reported a new group, headed by Vuori CEO Joe Kudla and former San Diego Chargers quarterback and NFL Hall Of Fame player Drew Brees, were one of the five to submit bids. Before today, there were reportedly three other groups who had expressed interest in the team.
Golden State Warriors owner Joe Lacob, Serie A club Roma and Premier League Everton owner Dan Friedkin and ClearLake Capital founding partner Jose E. Feliciano are the other three names that have been reported to be interested or to have placed bids. There is no confirmation on any of these reports.
There is no information on who the last bidder could be.
Feliciano is a Puerto Rican native who is headquartered in Santa Monica. Friedkin is a San Diego native who lives in Texas and Kudla is the Carlsbad-based owner and CEO of Vuori, he graduated from USD and began his business in 2015, per The Athletic. His company is an athletic leisure-wear brand. Brees, his partner in the bid, participates in marketing for Vuori and is a part-time San Diego resident with a long history of Padres fandom.
Sportico has valued the Padres at $2.31 billion but reports from sources inside MLB have said that the Seidler family is seeking closer to $3 billion for the team. MLB Commissioner Rob Manfred made a statement when the potential sale was announced in November of 2025, stating –
“It’s a really appealing franchise. They’ve done a great job building a fan base. The in-ballpark experience in San Diego’s probably one of our best. They’ve got some great players and I expect there will be people that will be interested in buying.”
Manfred updated that statement on Feb. 12 in his yearly media gathering at the beginning of Spring Training.
“The best I can tell on you on the Padres is there is robust interest on what is viewed as a really appealing asset.”
Padres Chairman John Seidler spoke at the start of Padres Spring Training and stated that there were multiple interested parties, not all of which had been reported in the media, and what the owners were seeking in a new owner.
“We would like to see what everybody would like to see: We would like to see somebody with ties to San Diego, a deep love of San Diego and a deep love of baseball, so they can continue doing the work that we do in the community and providing the product on the field that the fans enjoy.”
He also stated the team would not be moved.
There have been widespread rumors that if Lacob were to buy the franchise, he would seek to move it out of San Diego to Northern California, where he resides and owns the Warriors.
“I can’t speak as to any details as to what may or may not be negotiated with an ultimate buyer,” Seidler said. “But if you look, a new buyer would be nuts to move the team out of San Diego, with the second-highest attendance in all of baseball last year. San Diego’s a great place for baseball. Baseball is the only major sport in San Diego right now. So, the opportunity is in San Diego, not elsewhere.”
It seems likely that the Padres could have a new owner by Opening Day or very soon thereafter. It’s unlikely most Padres fans will have a strong opinion on who would be the best owner for the team but share Seidler’s hope that a dedication to San Diego and baseball will be their motivation for owning the Padres.
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