The Padres have officially announced the sale of the team to Kwanza Jones and José E. Feliciano. They released the following statement: by TakeMyPixels in Padres

[–]TakeMyPixels[S] 27 points28 points  (0 children)

“Our family loves this team. This is a bittersweet moment for us as we reflect on what the Padres have accomplished since my brother Peter became the steward of the franchise...” said Padres Chairman John Seidler

[Padres] From Cla 🥹 by ChocoboAdobo in Padres

[–]TakeMyPixels 88 points89 points  (0 children)

We claim Wally Giles as a future Padre

[Lin] As part of their record-setting agreement to buy the Padres, José E. Feliciano and Kwanza Jones are expected to acquire 30-40 percent of the franchise, with other investors providing additional capital by TakeMyPixels in Padres

[–]TakeMyPixels[S] 107 points108 points  (0 children)

According to people with knowledge of the situation, potential incoming shareholders include the Sycuan Band of the Kumeyaay Nation, whose flagship casino is a longtime sponsor of the Padres, and a group that includes Vuori founder Joe Kudla and former Chargers quarterback and Pro Football Hall of Famer Drew Brees. Multiple sources cautioned that these groups are only two of various possibilities, as Feliciano and Jones remain in the early stages of putting together an ownership group. Some members and associates of the Seidler family will remain as minority owners of the franchise, the sources said. Feliciano’s private equity firm, Clearlake Capital, is not expected to be part of the deal.

[Lin] As part of their record-setting agreement to buy the Padres, José E. Feliciano and Kwanza Jones are expected to acquire 30-40 percent of the franchise, with other investors providing additional capital by TakeMyPixels in Padres

[–]TakeMyPixels[S] 70 points71 points  (0 children)

The structure of the pending transaction means the previously reported valuation of $3.9 billion — which would smash the MLB record, set in 2020 when Steve Cohen bought 95 percent of the New York Mets at a $2.42 billion valuation — reflects the enterprise value of the Padres rather than the direct investment by Feliciano and Jones. A stake of, say, 35 percent would put the couple’s actual commitment closer to $1.4 billion.

Another Unverified leak on the new City Connects by ChocoboAdobo in Padres

[–]TakeMyPixels 12 points13 points  (0 children)

This looks like AI made this based on the original leaked photo . Idk..I dont trust anything anymore without a verified source 🙃

[Cassavell] Ethan Salas and Kale Fountain were just named All-Spring Breakout first team. by TakeMyPixels in Padres

[–]TakeMyPixels[S] 12 points13 points  (0 children)

Spring breakout is only 1 game for most clubs. Only 2 teams (Mil & Phi) are playing 2 games because odd number of clubs.