Padres Close to Record Sale to Feliciano Group for About $3.9B
TL;DR
The Seidler family is nearing a deal to sell the San Diego Padres to a Feliciano-led group that includes Kwanza Jones for roughly $3.9 billion, a record price for a major league franchise. Finalists also included groups led by Joe Lacob, Tom Gores and Dan Friedkin, with an official announcement possible next week pending MLB approval from 75% of owners and the net debt to be factored in (about $300 million). The sale would cap a turbulent era since Peter Seidler’s passing, and could influence payroll strategy and upcoming labor talks.
Topics:sportsbusiness#business#franchise-valuation#jose-feliciano#mlb-ownership-approval#padres-sale#seidler-family
- Seidler Family Nearing Deal To Sell Padres To José E. Feliciano MLB Trade Rumors
- Source: Padres finalizing sale for MLB-record $3.9 billion ESPN
- José E. Feliciano, Kwanza Jones near deal to buy Padres for MLB-record $3.9 billion: Sources - The Athletic The New York Times
- Someone’s about to pay almost $4 billion to buy the San Diego Padres Yahoo Sports
- Padres selling for record $3.9 billion after vicious ownership feud New York Post
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