NEW RECORD: Private equity billionaire José E. Feliciano and Kwanza Jones are set to purchase the San Diego Padres for $3.9 billion, the highest price ever paid for an MLB franchise.⁠ ⁠ The deal surpasses the previous record set by Steve Cohen’s $2.42 billion acquisition of the Mets in 2020 and will move the Padres into the No. 5 spot among MLB’s most valuable teams.⁠ ⁠ The team is being sold by the Seidler family ownership group following the 2023 death of longtime control owner Peter Seidler. The Padres were last purchased in 2012 for $800 million, with the club’s valuation having grown nearly 5x since that transaction.⁠ ⁠ (via @The Wall Street Journal, @cnbc) #MLB #franchises #most #valuable #yankees