MLB approves sale of San Diego Padres to José E. Feliciano and Kwanza Jones
Summary
Major League Baseball approved the sale of the San Diego Padres to José E. Feliciano and Kwanza Jones. The deal, valued at $3.9 billion, is expected to close soon and will keep the current team management in place.Key Facts
- MLB team owners voted unanimously to approve the Padres' sale.
- José E. Feliciano and Kwanza Jones lead the new ownership group.
- The sale price of $3.9 billion is the highest ever for an MLB team.
- The Padres were previously owned by the family of late Peter Seidler.
- Feliciano is a private equity billionaire and co-founder of Clearlake Capital.
- Padres CEO Erik Greupner and GM A.J. Preller will continue managing the team.
- The new owners aim to win a World Series and build a strong, lasting team.
- Peter Seidler, who passed away in 2023, was known for investing heavily in the team and engaging with fans.
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