Padres' record-shattering $3.9B price tag proves MLB is plenty healthy
Padres' sale to new owners Jose Feliciano and Kwanza Jones will be worth a reported $3.9 billion.
Major League Baseball just received its most startling data point in a year that will be defined by them. The San Diego Padres are a (nearly) $4 billion franchise. Forget existenstial crises, attention economies, disparate and increasingly complex TV situations and, dare we say, salary caps and luxury tax thresholds.
If the industry - and that includes owners, players and fans - ever needed a crystal clear sign that the game is healthy, that spending some money might actually make you a little money in the end, the impending purchase of the Padres will be it. Private equity baron Jose E. Feliciano - and that's apparently a career prerequisite for owning a ballclub these days and wife Kwanza Jones - are on the verge of a $3.
9 billion transaction to buy the club from the Seidler family trust, the Wall Street Journal reported . It is a staggering amount, not just because it's a 62. 5% increase on the record $2.
4 billion Steve Cohen spent to buy the New York Mets in 2020. Hey, inflation is a bear and franchises appreciate. It happens.
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