Tom Gores Joins Padres Sale Race

Tom Gores, owner of the Detroit Pistons, joins the final four bidders for the San Diego Padres, alongside Joe Lacob, José Feliciano, and Dan Friedkin. The second bidding round is expected in early or mid-April, with the total price potentially surpassing $3.5 billion. Gores, a billionaire with a net worth of $10.1 billion, took over the Pistons in 2011 for $325 million and recently acquired a stake in the Los Angeles Chargers. This deal is poised to break MLBs sale record, topping the New York Mets $2.4 billion sale in 2020. The Padres, a top spender in a smaller market, are expected to remain in San Diego regardless of the buyer.

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