Billionaire José Feliciano’s $3.9 Billion San Diego Padres Acquisition Approved

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The $3.9 cardinal acquisition of the San Diego Padres was approved Monday, greenlighting entrepreneur Kwanza Jones and Clearlake Capital co-founder José Feliciano arsenic the franchise’s caller owners.

Feliciano and Jones, who are married, are purchasing much than 40% of the Padres, The Athletic reported, noting “other individuals and entities” are joining the mates astatine a smaller mixed percentage.

Feliciano, who is simply a co-founder of Chelsea FC proprietor and finance patient Clearlake Capital, will go the Padres’ power person.

Padres CEO Erik Greupner will proceed starring day-to-day operations alongside wide head A.J. Preller.