Overview
- Multiple outlets reported Friday that the Seidler family is close to selling the Padres for about $3.9 billion to a group led by José E. Feliciano and Kwanza Jones.
- The agreement remains conditional on a vote of Major League Baseball owners, who must approve franchise sales by a three-quarters margin.
- A swift approval could hand the buyers control before the August 3 trade deadline, which would let baseball operations pursue immediate roster moves.
- Feliciano co-founded Clearlake Capital and helped acquire Chelsea FC in 2022, a track record cited to show financial capacity and experience in major-league sports.
- The price would set a new MLB sale record above the Mets’ 2020 deal and reflects the Padres’ recent growth since the Seidler family’s 2012 purchase, with El Imparcial noting Feliciano would be the first MLB owner born in Latin America alongside fellow Latino owner Arte Moreno.