"The sale price easily tops the previous record of $2.4 billion, set by Steve Cohen when he purchased the New York Mets in 2020."
"Feliciano, 53, is co-founder and managing partner of Clearlake Capital, a private-equity firm based in Santa Monica."
"In their purchase of the Padres, Feliciano and Jones beat out three other bidders, including: Tom Gores, owner of the NBA's Detroit Pistons; Joe Lacob, owner of the NBA's Golden State Warriors; and businessman Dan Friedkin."
The San Diego Padres are set to be sold for a record price of $3.9 billion to Jose E. Feliciano and Kwanza Jones. This sale surpasses the previous record of $2.4 billion for the New York Mets. The sale requires approval from 75% of Major League Baseball's owners. Feliciano, co-founder of Clearlake Capital, will be the controlling owner. He and Jones outbid three other bidders, including Tom Gores and Joe Lacob. The Padres were put up for sale by the family of late owner Peter Seidler in November.
Read at ESPN.com
Unable to calculate read time
Collection
[
|
...
]