Wall Street Journal<\/a>.\u00a0<\/p>\nAccording to the report from the Wall Street Journal, Jos\u00e9 E. Feliciano and his wife, Kwanza Jones, are nearing a deal to buy the team for $3.9 billion.<\/p>\n
The announcement comes more than a month after the team reported that it had received “five strong bids” from potential buyers, while at the time, a representative from the Padres declined to release the bidders’ names.\u00a0<\/p>\n
Last November, the Seidler family announced that it was exploring “strategic options for the San Diego Padres, including a potential sale” of the Major League Baseball franchise. The announcement arrived two years after owner Peter Seidler passed away from non-Hodgkin’s lymphoma.<\/p>\n
\u201cThe family has decided to begin a process of evaluating our future with the Padres, including a potential sale of the franchise,” said John Seidler, Padres chairman, last November. “We will undertake this process with integrity and professionalism in a way that honors Peter\u2019s legacy and love for the Padres and lays the foundation for the franchise\u2019s long-term success”.<\/p>\n
As the team moves forward with a sale, the Seidler Family told CBS 8 in November that they, along with the entire organization, are dedicated to its mission of fielding a World Series-winning team.\u00a0<\/p>\n
“During the process and as we prepare for the 2026 season, the Padres will continue to focus on its players, employees, fans, and community while putting every resource into winning a World Series championship,” Seidler stated. “We remain fully committed to this team, its fans, and the San Diego community.”<\/p>\n","protected":false},"excerpt":{"rendered":"Padres chairman John Seidler announced last November that the family is exploring “strategic options for the San Diego…\n","protected":false},"author":2,"featured_media":51513,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[74,76,75],"class_list":{"0":"post-272851","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-san-diego","8":"tag-san-diego","9":"tag-san-diego-headlines","10":"tag-san-diego-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/272851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=272851"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/272851\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/51513"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=272851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=272851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=272851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}