Overview
- The Padres, which announced Saturday a definitive agreement with buyers Kwanza Jones and José E. Feliciano, said the transfer of control still needs MLB approval.
- Reports put the valuation near $3.9 billion, which would be the highest price ever for an MLB team.
- The team said business and baseball operations will continue as normal during the review.
- Chairman John Seidler said he is passing the baton after a competitive process, following the family’s move to explore a sale after Peter Seidler’s death.
- Feliciano would become MLB’s second Latino team owner if the deal closes, a change that could expand representation at the top of the sport.