The San Diego Padres are nearing a sale to a group led by private equity billionaire José Feliciano and his wife Kwanza Jones for a Major League Baseball record-shattering $3.9 billion, the Wall Street Journal reported Friday.An official announcement on the deal is expected Monday or Tuesday.The deal follows a new round of bids from four prospective buyers earlier this week that continued pushing the purchase price up from previous reports closer to $3 billion, as Times of San Diego reported Wednesday.Feliciano is the co-founder of the investment firm Clearlake Capital, a private equity firm controlling more than $90 billion in assets related to over 500 investments.
Feliciano is also part owner of Chelsea FC of the English Premier League, following a 2022 sale for $3.2 billion. That ownership group is led by Todd Boehly, who is also part owner of the Los Angeles Dodgers.The other Padres bidders included groups led by Joe Lacob, the principal owner of the NBA’s Golden State Warriors, the WNBA’s Valkyries and the Chase Center; Dan Friedkin, who owns three European soccer clubs; and Tom Gores, the owner of Platinum Equities and the NBA’s Pistons.The previous MLB record for highest sales price is for the Mets, which Steve Cohen purchased for $2.4 billion in 2020. when Steve Cohen purchased the team in 2020. They are currently valued at $3.5 billion. The Dodgers fetched $2.15 billion in 2012 when Guggenheim Baseball Management bought the team.According to recent valuations by Forbes, the Padres are currently worth $3.1 billion, ranking 10th in the league. The Yankees lead baseball at $8.5 billion and the Dodgers are second at $7.8 billion.City News Service contributed to this report.
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