The San Diego Padres are poised to change hands in a landmark $3.9bn transaction, with the Seidler family agreeing to sell the Major League Baseball franchise to José E Feliciano, co-founder of private investment firm Clearlake Capital, and his wife Kwanza Jones, according to a report by the Wall Street Journal.
If completed, the transaction would mark the highest price ever paid for an MLB team, underscoring continued investor appetite for major US sports franchises.
The winning bid emerged fro...
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