San Diego Padres are nearing a whopping sale, AP source says
Summary
The family of the late San Diego Padres owner, Peter Seidler, is close to selling the baseball team. The buyer is private equity billionaire Jose E. Feliciano and his wife, Kwanza Jones, with the sale expected to reach $3.9 billion, a record price for a Major League Baseball team.Key Facts
- The Padres are expected to be sold for $3.9 billion, the highest price ever for an MLB team.
- Jose E. Feliciano, co-founder and managing partner of Clearlake Capital, is the main buyer.
- Feliciano and his firm were part of the group that bought Chelsea, a Premier League soccer team, in 2022.
- The Seidler family started looking to sell the Padres in November 2025, two years after Peter Seidler passed away.
- Peter Seidler became the team’s primary owner in 2020 and was known for investing heavily to build a winning team.
- The Padres have made MLB playoffs four times in the last six years, a team record.
- The team is San Diego’s only major professional sports franchise and plays at Petco Park in downtown San Diego.
- The Padres have set attendance records in the past three seasons, drawing over 3.4 million fans last year, second only to the Los Angeles Dodgers.
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