Padres selling for record $3.9 billion after vicious ownership feud
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Read the original article: https://nypost.com/2026/04/17/sports/padres-sell-for-record-3-9-billion-after-vi…
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9 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.
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“After an ugly feud within ownership’s family that transpired after Peter Seidler’s death in 2023, the Padres are on the brink of being sold — and it’ll be a record deal.”
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“José E. Feliciano, a private-equity billionaire, and his wife Kwanza Jones are ‘nearing a deal’ to buy the San Diego team for around $3.9 billion, according to the Wall Street Journal.”
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“That’d serve as an MLB record, topping Steve Cohen’s purchase of the Mets for $2.4 billion in 2020.”
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“John Seidler, the Padres’ chairman and control person, announced in November that the ownership group was considering a potential sale.”
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“The Seidler family feud, which bubbled to the surface in January 2025 when Sheel Seidler... sued her two brothers-in-law, Matthew and Robert...”
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“The lawsuit, filed in Texas, alleged ‘fiduciary breaches of trust, fraud, conversion and egregious acts of self-dealing’”
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“John was named the Padres’ control person in February 2025 after being approved by MLB owners.”
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“The Athletic reported last week that Sheel ‘dropped the bulk of her claims’ against Matthew and Robert.”
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“Feliciano co-founded Clearlake Capital in 2006 and has a net worth of $3.9 billion, according to Forbes, and he previously worked in investment banking at Goldman Sachs and as the chief financial officer at govWorks.”
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