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flag Four groups, including billionaire sports owners, are bidding nearly $3 billion for the Padres, possibly setting a new MLB record.

flag Four ownership groups are set to submit final bids for the San Diego Padres within the next month, with the team expected to sell for nearly $3 billion—potentially setting a new record for a Major League Baseball franchise. flag The sale, following the passing of original owner Peter Seidler, is driven by strong non-baseball revenue from events at Petco Park. flag Among the finalists are three billionaire sports owners: Jose E. Feliciano of Chelsea FC, Dan Friedkin of European soccer clubs, and Joe Lacob of the Golden State Warriors. flag The previous record of $2.4 billion was set by Steve Cohen for the New York Mets in 2020. flag Final bids are expected soon, with the sale process nearing completion.

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