That's insane !!! as reported by WSJ.
![]()
The Padres have found their new owner.
On Friday, news broke that the Seidler family was on the verge of selling the franchise to private equity billionaire José E. Feliciano and his wife, Kwanza Jones, for a valuation of $3.9 billion. That amount shatters the previous MLB record set when Steve Cohen bought the Mets for $2.4 billion in 2020.
Feliciano is the co-founder and managing partner of Clearlake Capital, who acquired Chelsea FC in May 2022 for more than £4.25 billion. The results on the field have been mixed at best for the club since the acquisition. How he leads his new team will bear watching.
Under the watch of late owner Peter Seidler, the Padres have become one of MLB’s most competitive teams. San Diego has reached the postseason in four of the last six years and have been in the top five in attendance in each of the past five seasons. During the 2025 campaign, Petco Park was sold out for 72 of the team’s 81 home games.
Greed is good, Gordon Geeko ![]()
The Padres have found their new owner.
On Friday, news broke that the Seidler family was on the verge of selling the franchise to private equity billionaire José E. Feliciano and his wife, Kwanza Jones, for a valuation of $3.9 billion. That amount shatters the previous MLB record set when Steve Cohen bought the Mets for $2.4 billion in 2020.
Feliciano is the co-founder and managing partner of Clearlake Capital, who acquired Chelsea FC in May 2022 for more than £4.25 billion. The results on the field have been mixed at best for the club since the acquisition. How he leads his new team will bear watching.
Under the watch of late owner Peter Seidler, the Padres have become one of MLB’s most competitive teams. San Diego has reached the postseason in four of the last six years and have been in the top five in attendance in each of the past five seasons. During the 2025 campaign, Petco Park was sold out for 72 of the team’s 81 home games.
Greed is good, Gordon Geeko ![]()

If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.