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Sports Illustrated
Sports Illustrated
Sport
Ryan Phillips

Padres Sell to Chelsea Owner José E. Feliciano for MLB-Record $3.9 Billion

Padres MLB Chelsea José E Feliciano Peter Seidler San Diego

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.

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