Tag

Kwanza Jones

All articles tagged with #kwanza jones

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•13 min saved

Feliciano, Jones Seal MLB’s Biggest Franchise Deal at $3.9B

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.

via Sportico.com|

#business #dollar39-billion #jose-feliciano

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

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