Tom Gores Joins Padres Sale Race

0:00On March 26, the San Diego Padre sale now has its fourth bitter revealed as Tom Goers, the Detroit Pistons owner. He's heading one of the final four groups, alongside bids from Golden State Warriors owner, Joe Lakeb, and English Premier League figures, Jose Feliciano, and Dan Freakin. Five groups started the process last month, but just four advanced. The second bidding round should hit in early or mid-April, and the total price could push past $3.5 billion. Goers, a 61-year-old billionaire, with a net worth around $10.1 billion, took over the Pistons in June 2011 for $3.125 million. That team now values at about $3.65 billion, and he recently picked up a 27% stake in the Los Angeles Chargers. This deal looks ready to shatter Major League Baseball's sale record, topping the New York Met's $2.4 billion prize tag from $20.20. The Padres have reached the playoffs four times in six years as a top spender, even in a smaller market.

1:05Expect the team to stay rooted in San Diego, no matter the buyer, as the race tightens toward a historic close. Stay tuned with MLB News Today, AI-powered updates.