Padres nearing record $3.9B sale

The potential $3.9 billion sale of the San Diego Padres would shatter the previous MLB record set by Steve Cohen's purchase of the Mets.

The Seidler family is moving to sell the franchise following internal tensions that arose after the death of Peter Seidler in 2023.

Feliciano, a co-founder of Clearlake Capital, would add the Padres to a sports portfolio that already includes a stake in Chelsea FC. This massive valuation suggests that Major League Baseball remains a highly lucrative asset for private equity investors despite broader economic shifts.