Padres Record $3.9B Sale

The Seidler family, which has owned the team since 2012, is finalizing the transaction following the passing of owner Peter Seidler last year.

Feliciano, the co-founder of Clearlake Capital and a co-owner of Chelsea FC, and his wife Kwanza Jones won the bidding process against several other high-profile groups.

The record-shattering price tag is seen as a sign of the continued financial health and commercial appeal of Major League Baseball franchises.

Fans in San Diego are hopeful that the new ownership will maintain the team's aggressive spending and commitment to winning a World Series.