"Sheel Seidler, widow of former Padres owner Peter Seidler, dropped or settled most of her litigation against Peter Seidler's brothers earlier this month. That cleared the way for the family to ramp up a sales process that began in November."
"Hall of Fame quarterback Drew Brees has partnered with Vuori CEO Joe Kudla to make a run at buying the franchise. Vuori is a San Diego-based clothing company that specializes in athleisure. Brees played the first five seasons of his career with the Chargers."
"It seems the Seidler family is aiming a fair bit higher. Acee writes that people within the industry anticipate the sale price will land north of $2.5 billion. Rosenthal and Lin report that the Seidlers are seeking a purchase price closer to $3 billion than to the estimation from Sportico."
The Seidler family has accelerated efforts to sell the San Diego Padres following Sheel Seidler's settlement of litigation against Peter Seidler's brothers. Five prospective buyers have submitted bids in the sales process that began in November. Known suitors include Joe Lacob (Golden State Warriors owner), José E. Feliciano (private equity mogul and Chelsea F.C. lead owner), and Dan Friedkin (Everton F.C. owner). Hall of Fame quarterback Drew Brees partnered with Vuori CEO Joe Kudla to bid for the franchise. The Seidler family is seeking a purchase price near $3 billion, significantly higher than Sportico's $2.31 billion franchise valuation and industry expectations exceeding $2.5 billion, which would set a record for an MLB franchise sale.
Read at MLB Trade Rumors
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