All articles tagged with #jose feliciano
Major League Baseball owners unanimously approved the sale of the San Diego Padres to Jose E. Feliciano and Kwanza Jones, with Feliciano as the control person; closing remains contingent on finalizing the deal with the current Padres owners. Erik Greupner remains CEO and A.J. Preller stays as president of baseball operations.
Private equity billionaire Jose E. Feliciano and his wife Kwanza Jones will buy the San Diego Padres for $3.9 billion, a MLB-record price that far surpasses Steve Cohen’s $2.42 billion Mets deal, with the winning bid selected from a slate of finalists as part of a sale process linked to the late Peter Seidler’s family trust; an official announcement was expected soon.
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.