All articles tagged with #jose feliciano
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.