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Kwanza Jones

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business4 hours 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

sports-business22 hours 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