{"id":274037,"date":"2026-04-18T10:30:19","date_gmt":"2026-04-18T10:30:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/274037\/"},"modified":"2026-04-18T10:30:19","modified_gmt":"2026-04-18T10:30:19","slug":"feliciano-jones-to-pay-mlb-record-3-9-billion","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/274037\/","title":{"rendered":"Feliciano, Jones to Pay MLB-Record $3.9 Billion"},"content":{"rendered":"

\n\tPrivate equity billionaire Jos\u00e9 E. Feliciano and his wife Kwanza Jones have reached a deal to buy the San Diego Padres<\/a> for $3.9 billion, according to multiple people familiar with the details. The price shatters the record for an MLB franchise sale, previously set when Steve Cohen<\/a> bought the New York Mets<\/a> for $2.42 billion in 2020.<\/p>\n

\n\tAn official announcement is expected Monday or Tuesday, according to the people, who were granted anonymity because the details are private.<\/p>\n

\n\tThe Padres and BDT & MSD, which was retained last November to explore a\u00a0potential sale<\/a>\u00a0of the\u00a0MLB<\/a>\u00a0club, declined to comment, while Feliciano did not respond to immediate requests to comment. The Wall Street Journal was the first to report on Feliciano and Jones reaching a deal.<\/p>\n

\n\tThe three other finalists for the Padres included Dan Friedkin, whose Pursuit Sports owns\u00a0Everton<\/a>\u00a0and AS Roma; Golden State Warriors co-owner\u00a0Joe Lacob<\/a>;\u00a0and Detroit Pistons owner Tom Gores. The Padres had three bids of at least $3.5 billion, including the winning one.<\/p>\n

\n\tFeliciano, who co-founded Clearlake Capital with Behdad Eghbali in 2006, has become a more prominent sports investor in the last few years. Clearlake provided a large portion of the funding for the\u00a0$3.16 billion purchase<\/a>\u00a0of English soccer giant Chelsea in 2022 and now has more than\u00a0$90 billion<\/a>\u00a0under management. Feliciano was close to buying a\u00a0minority stake<\/a>\u00a0in the NFL\u2019s Los Angeles Chargers two years ago and was among those\u00a0who bid<\/a>\u00a0unsuccessfully for the Denver Broncos in 2022.<\/p>\n

\n\tThe Padres\u2019 owners announced the sale process in November, amid a legal battle between family members of late owner Peter Seidler, who died in 2023. Seidler\u2019s widow, Sheel Kamal Seidler,\u00a0sued his brothers<\/a>, Bob and Matt, in Texas probate court, alleging they breached their fiduciary duties as trustees of Peter\u2019s trust. One of the trust\u2019s main assets is the control ownership stake in the Padres. In February, a court filing showed that Sheel has dismissed most of her original claims.<\/p>\n

\n\tThe current Padres ownership group, which includes at least 10 people or entities, bought the team in 2012 for $800 million. The largest stake of roughly 24% is held by the Peter Seidler Trust, with Sheel and her three children the beneficiaries.<\/p>\n","protected":false},"excerpt":{"rendered":"Private equity billionaire Jos\u00e9 E. Feliciano and his wife Kwanza Jones have reached a deal to buy the…\n","protected":false},"author":2,"featured_media":274038,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[1334,3674,74,76,75,2611,118736],"class_list":{"0":"post-274037","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-san-diego","8":"tag-mlb","9":"tag-new-york-mets","10":"tag-san-diego","11":"tag-san-diego-headlines","12":"tag-san-diego-news","13":"tag-san-diego-padres","14":"tag-steve-cohen"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/274037","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=274037"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/274037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/274038"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=274037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=274037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=274037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}