{"id":53696,"date":"2026-04-17T12:23:07","date_gmt":"2026-04-17T16:23:07","guid":{"rendered":"https:\/\/tvdelmarva.com\/wp\/san-diego-padres-set-to-sell-for-record-breaking-3-9-billion\/"},"modified":"2026-04-17T12:23:07","modified_gmt":"2026-04-17T16:23:07","slug":"san-diego-padres-set-to-sell-for-record-breaking-3-9-billion","status":"publish","type":"post","link":"https:\/\/tvdelmarva.com\/wp\/san-diego-padres-set-to-sell-for-record-breaking-3-9-billion\/","title":{"rendered":"San Diego Padres Set to Sell for Record-Breaking $3.9 Billion"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n

The lengthy and disputed effort to find a new owner for the San Diego Padres appears headed toward completion, with Chelsea FC owner Jose E. Feliciano emerging as the winning bidder with an unprecedented $3.9 billion offer.<\/p>

Multiple sources indicate the basic terms have been settled, leaving only the requirement for three-quarters of Major League Baseball owners to give their approval before the transaction becomes official.<\/p>

Should the deal receive the green light, it would obliterate the existing MLB franchise sale record set when Steve Cohen acquired the New York Mets for $2.42 billion in 2020.<\/p>

Feliciano, who established Clearlake Capital and holds partial ownership of Chelsea FC, joined the bidding process alongside his spouse Kwanza Jones when the Seidler Family put the team up for sale.<\/p>

The franchise’s longtime owner Peter Seidler passed away in 2023, leaving family members divided over who should control the organization. Current Padres chairman John Seidler announced in November that the team would be sold. Forbes had valued the Padres at $3.1 billion heading into the 2026 season.<\/p>

Through Clearlake Capital, Feliciano controls more than 60 percent of Chelsea, with the ownership group including Mark Walter, Todd Boehly and Hansjorg Wyss as partners.<\/p>

Other prominent figures who pursued the MLB franchise included Joe Lacob, who owns the NBA’s Golden State Warriors, the WNBA’s Valkyries and San Francisco’s Chase Center; Dan Friedkin, who serves as principal owner of three European soccer teams; and Tom Gores, owner of both Platinum Equities and the NBA’s Detroit Pistons.<\/p>

The Wall Street Journal cited sources familiar with the agreement who indicated the Padres hope to complete the entire sale process by June.<\/p>","protected":false},"excerpt":{"rendered":"

Chelsea FC owner Jose E. Feliciano has reportedly won the bidding war to purchase the San Diego Padres for a record $3.9 billion. The deal would break MLB’s previous franchise sale record and only needs approval from 75% of league owners to become official.<\/p>\n","protected":false},"author":4,"featured_media":53695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[836],"tags":[],"class_list":["post-53696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sports"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1776442987551.jpg?fit=450%2C300&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbtNqq-dY4","jetpack-related-posts":[{"id":61005,"url":"https:\/\/tvdelmarva.com\/wp\/san-diego-padres-sold-for-record-3-9-billion-to-jones-feliciano-partnership\/","url_meta":{"origin":53696,"position":0},"title":"San Diego Padres Sold for Record $3.9 Billion to Jones-Feliciano Partnership","author":"Admin","date":"May 3, 2026","format":false,"excerpt":"The San Diego Padres have reached a deal to sell the franchise to married investors Kwanza Jones and Jose E. Feliciano for a record-breaking $3.9 billion. The sale, which would shatter previous MLB franchise purchase records, still requires approval from 75% of Major League Baseball owners at their June meeting.","rel":"","context":"In "Sports"","block_context":{"text":"Sports","link":"https:\/\/tvdelmarva.com\/wp\/category\/sports\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1777785706829.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":53770,"url":"https:\/\/tvdelmarva.com\/wp\/san-diego-padres-close-to-record-breaking-3-9-billion-sale\/","url_meta":{"origin":53696,"position":1},"title":"San Diego Padres Close to Record-Breaking $3.9 Billion Sale","author":"Admin","date":"April 17, 2026","format":false,"excerpt":"The San Diego Padres are approaching a historic $3.9 billion sale to private equity billionaire Jose E. Feliciano and his wife. The deal would shatter Major League Baseball records, surpassing the $2.4 billion New York Mets sale in 2020.","rel":"","context":"In "Sports"","block_context":{"text":"Sports","link":"https:\/\/tvdelmarva.com\/wp\/category\/sports\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1776451866699.jpg?fit=1000%2C666&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1776451866699.jpg?fit=1000%2C666&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1776451866699.jpg?fit=1000%2C666&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1776451866699.jpg?fit=1000%2C666&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":60902,"url":"https:\/\/tvdelmarva.com\/wp\/san-diego-padres-sold-to-investor-duo-for-record-3-9-billion\/","url_meta":{"origin":53696,"position":2},"title":"San Diego Padres Sold to Investor Duo for Record $3.9 Billion","author":"Admin","date":"May 2, 2026","format":false,"excerpt":"The San Diego Padres have been sold to an investment group led by married couple Kwanza Jones and Jos\u00e9 E. Feliciano for a record $3.9 billion. The sale, announced by the late Peter Seidler's family, still requires Major League Baseball approval.","rel":"","context":"In "Sports"","block_context":{"text":"Sports","link":"https:\/\/tvdelmarva.com\/wp\/category\/sports\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1777754195280.jpg?fit=1000%2C666&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1777754195280.jpg?fit=1000%2C666&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1777754195280.jpg?fit=1000%2C666&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1777754195280.jpg?fit=1000%2C666&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":37045,"url":"https:\/\/tvdelmarva.com\/wp\/four-groups-compete-in-final-round-to-purchase-san-diego-padres\/","url_meta":{"origin":53696,"position":3},"title":"Four Groups Compete in Final Round to Purchase San Diego Padres","author":"Admin","date":"March 14, 2026","format":false,"excerpt":"Four ownership groups are preparing to submit their final bids to purchase the San Diego Padres within the next month. The franchise could sell for approximately $3 billion, which would break the current MLB record by $600 million.","rel":"","context":"In "Sports"","block_context":{"text":"Sports","link":"https:\/\/tvdelmarva.com\/wp\/category\/sports\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1773512458494.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":45666,"url":"https:\/\/tvdelmarva.com\/wp\/chelsea-fc-reports-record-350m-loss-despite-strong-revenue-year\/","url_meta":{"origin":53696,"position":4},"title":"Chelsea FC Reports Record $350M Loss Despite Strong Revenue Year","author":"Admin","date":"April 1, 2026","format":false,"excerpt":"London soccer club Chelsea FC announced Wednesday they posted a record-breaking $350 million loss for their latest financial year. Despite the massive deficit, the team remains compliant with Premier League financial regulations and recorded their second-highest revenue ever.","rel":"","context":"In "Sports"","block_context":{"text":"Sports","link":"https:\/\/tvdelmarva.com\/wp\/category\/sports\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1775048741931.jpg?fit=1000%2C666&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1775048741931.jpg?fit=1000%2C666&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1775048741931.jpg?fit=1000%2C666&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1775048741931.jpg?fit=1000%2C666&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":55903,"url":"https:\/\/tvdelmarva.com\/wp\/padres-add-pitcher-lucas-giolito-to-strengthen-injury-hit-rotation\/","url_meta":{"origin":53696,"position":5},"title":"Padres Add Pitcher Lucas Giolito to Strengthen Injury-Hit Rotation","author":"Admin","date":"April 22, 2026","format":false,"excerpt":"The San Diego Padres have brought aboard veteran pitcher Lucas Giolito on a one-year contract to help their rotation decimated by injuries. 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