San Diego Padres record sale

The sale follows a period of internal ownership tension within the Seidler family after the passing of Peter Seidler in 2023.

Feliciano, a co-founder of Clearlake Capital and co-owner of Chelsea FC, reportedly outbid several finalists, including Everton owner Dan Friedkin.

The massive price tag is being viewed as a sign of the underlying financial health of Major League Baseball despite broader economic uncertainty.

The transaction remains subject to approval by other MLB team owners.