Tag

Feliciano

All articles tagged with #feliciano

sports2 months ago•19 min saved

Padres poised for new era under Feliciano and Jones ownership

The Seidler family announced a definitive agreement to transfer control of the San Diego Padres to a group led by José E. Feliciano and Kwanza Jones, who will run the club as equal partners. Feliciano will serve as control person once the sale is finalized, with about 40% of the team owned by the new group; several existing investors, including Alfredo Harp Helú, retain stakes. The sale still requires MLB owner approval (a three-quarters vote) and is expected to be finalized around the next MLB owners meeting in June. The new ownership group has pledged community engagement and a World Series pursuit for San Diego.

via San Diego Union-Tribune|

#feliciano #kwanza-jones #ownership-transfer

business2 months ago•4 min saved

Padres Sale Sets New MLB Valuation Benchmark at $3.9B

San Diego Padres are reportedly set to be sold to Jose E. Feliciano and Kwanza Jones for about $3.9 billion, a record-high price and a 62.5% premium over the Mets’ 2020 purchase, underscoring MLB's booming market despite earlier TV-broadcast hurdles; the team has seen rising attendance (a franchise-record 3.4 million) and continued big payrolls under AJ Preller, signaling a new valuation benchmark and potential implications for labor and media talks in the coming years.

via USA Today|

#business #feliciano #kwanza-jones

business2 months ago•7 min saved

Padres Near MLB-Record Sale to Feliciano for $3.9B

The San Diego Padres are reportedly nearing a deal to be sold to private-equity billionaire José E. Feliciano for a MLB-record $3.9 billion, with an agreement in place with the Seidler family. The sale must be approved by 75% of MLB owners, undergo SEC review, and win consent from the City of San Diego for the Petco Park portion; the timeline could influence roster moves before the Aug. 3, 2026 trade deadline as the new owners take control.

via NBC 7 San Diego|

#39-billion #business #feliciano

business2 months ago•2 min saved

Padres poised for MLB-record $3.9B sale to Clearlake-led group

San Diego Padres near a record $3.9 billion sale to a Clearlake Capital–led group headed by José Feliciano and Kwanza Jones, pending MLB owner approval, which would top the Mets’ 2020 sale and end the Seidler era. The deal underscores rising franchise values as MLB negotiates a new CBA with salary-cap discussions.

via The Guardian|

#business #clearlake #feliciano

sports-business2 months ago•3 min saved

Feliciano and Jones Near Record $3.9B Padres Buy

A group led by Chelsea co-owner José E. Feliciano and his wife Kwanza Jones is nearing a $3.9 billion purchase of the San Diego Padres, a record price for MLB that would require 75% league approval and could influence upcoming labor talks. The final price reflects roughly $300 million in debt; Feliciano is a Clearlake Capital co-founder and Jones leads Supercharged, who beat rival bids from Dan Friedkin, Tom Gores and Joe Lacob in a bid process following the team’s sale process after Peter Seidler’s death.

via The New York Times|

#chelsea #feliciano #kwanza-jones