ANAHEIM, Calif. (AP) — The family of late San Diego Padres owner Peter Seidler is nearing a sale of the team, a person with knowledge of the negotiations told The Associated Press on Friday.
The person spoke on condition of anonymity because the Padres aren't commenting publicly on the process.
The Wall Street Journal first reported the imminent deal with private equity billionaire Jose E. Feliciano and his wife, Kwanza Jones. The team is expected to be sold at a valuation of $3.9 billion in a record deal for a Major League Baseball team, easily topping the approximately $2.4 billion paid by Steven Cohen for the New York Mets in 2020.
The 53-year-old Feliciano is the co-founder and managing partner of Clearlake Capital, a private equity firm based in Santa Monica, California. The firm was part of an investment group that purchased Premier League club Chelsea in 2022, with Los Angeles Dodgers minority owner Todd Boehly becoming the Blues' chairman.
Seidler's family began to explore a sale of the Padres last November, two years after the death of the popular Peter Seidler. His brother, John Seidler, has served as the Padres' chairman since then.
Peter Seidler was part of a group that bought the Padres in 2012 for $800 million, and he became the team's primary owner in 2020. He enthralled San Diego's baseball fans with his free-spending eagerness to win the Padres' first World Series, and general manager A.J. Preller built a series of exciting teams that have reached the MLB playoffs in four of the last six seasons — a first in team history — despite playing in the same division as the dominant Dodgers.
The Padres' current players reacted with excitement about the news of the potential sale to Feliciano — and the reported size of the billionaire's deal particularly caught these millionaires' attention.
“I think it’s special that they went out there and put that number out there for us,” slugger Manny Machado said in Anaheim before the Padres opened a series with the Los Angeles Angels. “Tells you everything they want for the organization. Looking forward to some conversations with them, and what they see for the future of San Diego. ... That’s a big stepping stone, $3.9 billion.”
The Padres' potential sale price reflects their value as San Diego's only franchise in North America's four traditional major sports leagues, leading to a passionate fan base in their attractive home at downtown Petco Park. The Padres have set attendance records in each of the past three seasons, capped last season by drawing a whopping 3,437,201 fans — the second-most in the majors to the Dodgers, who play in their much larger stadium in Chavez Ravine.
“You look at what’s going on in our city and just the state of baseball in general, and this game is in an amazing place,” said infielder Jake Cronenworth, who has been with the Padres since 2020. “For the market that we’re in, and what the team just sold for, I think it shows where the game is. Not only is it close to $4 billion, but for it to break the record is very, very impressive.”
The Padres finished last season with the majors’ ninth-highest payroll at around $217 million, still down significantly from its peak under Seidler.
The current team, which arrived at Angel Stadium on an eight-game winning streak, boasts a lineup anchored by Fernando Tatis Jr., Machado and Jackson Merrill — who are all signed through at least 2033 — along with closer Mason Miller, who has become the most dominant reliever in baseball.
Potential buyers also were clearly not frightened off by the Padres’ relative lack of media revenue. The team is expected to benefit immensely from any new media deal that would accompany baseball's next collective bargaining agreement.
Feliciano was born and raised in Puerto Rico before attending Princeton and Stanford. He co-founded Clearlake Capital two decades ago.
Machado, a Miami native with Dominican ancestry, was excited by the prospect of a second Latino owner in baseball alongside the Angels’ Arte Moreno. Machado holds a minority ownership stake in Major League Soccer's San Diego FC.
“That is unbelievable, having another Latin come and be an owner,” Machado said. “I think that tells you a lot about where baseball is heading. Blessed to have another Latin owner that can bring that Latin culture to San Diego, which is already a big part of the Latin community. I know he’s going to bring a lot of great things to the organization, to the city itself.”
The BlueCo consortium formed to buy Chelsea also owns Strasbourg in France's Ligue 1. Chelsea has been among the Premier League's biggest spenders since Boehly and his partners took over the club, although it has yet to produce significant success.
Any sale of the Padres must be approved by 75% of MLB owners.
AP MLB: https://apnews.com/MLB
San Diego Padres right fielder Fernando Tatis Jr., left, and left fielder Ramón Laureano celebrate after the Padres defeated the Seattle Mariners 5-2 in a baseball game Thursday, April 16, 2026, in San Diego. (AP Photo/Gregory Bull)
JUNEAU, Alaska (AP) — Alaska U.S. Senate candidate Dan Sullivan acknowledges that sharing a name and party affiliation with the incumbent Republican gives him “an instant megaphone" in the crowded primary race. But Sullivan said his campaign isn't a sham or something Democrats put him up to doing.
He said friends for years have jokingly referred to him as senator and asked if he has ever thought about running. He said he’s been considering it for more than a decade.
“This is my choice,” Sullivan, who lives in the small fishing community of Petersburg, said in a telephone interview Monday.
Last week, Sen. Dan Sullivan accused the challenger Sullivan of “trying to trick” voters to help his main rival in the race, Democratic former U.S. Rep. Mary Peltola. The senator suggested the other Sullivan's entrance in the August primary was part of a coordinated effort by Democrats and Peltola's campaign to confuse voters, an accusation they deny. He threatened litigation to get to the bottom of it.
The issue is of national concern to Republicans because they are seeking to hold onto their majority in the U.S. Senate in what is expected to be a difficult midterm election year for the party in power. Sullivan, the challenger, dismissed claims that his candidacy is a merely a ruse to undermine the senator's reelection chances.
He said he has had no contact with Peltola's campaign — “zero, none, zilch” — and said “no” when asked if anyone from the state Democratic Party or any national Democratic operatives had contacted him to run.
A Peltola spokesperson, Harry Child, has said the campaign “has no involvement with either Sullivan campaign.” The executive director of the Alaska Democratic Party, Jenny-Marie Stryker, said her organization “is in no way affiliated with either Dan Sullivan.” A Democratic Senatorial Campaign Committee spokesperson, Monica Robinson, replied “no” when asked if the group had been involved in urging the challenger Sullivan to run.
Sullivan called sharing a name with the Alaska's incumbent U.S. senator “a matter of fate” and said he had done nothing wrong.
“I have every right to run for whatever office I'm qualified for, and I’m qualified for this office,” the challenger said, adding: “I think I’m doing what most Americans would think would be a patriotic thing to do when you’re unsatisfied with the status quo. You stand up and say, I’m going to fight for things I believe that are going to make my community better.”
Ballots in prior years in Alaska have not identified the incumbent, but the Alaska Division of Elections’ current candidate list online does. It also distinguishes the candidates using a middle initial — Dan S. Sullivan for the senator and Dan J. Sullivan for the challenger.
Alaska has open primaries in which the top four vote-getters, regardless of party, advance to the ranked choice general election in November. Sen. Sullivan's campaign worries having two Dan Sullivans on the ballot could confuse voters.
Sen. Sullivan's campaign, in a statement Monday, said, “Alaskans deserve a fair and honest election — not political games meant to manipulate the ballot and benefit Democrats.”
The challenger said he was registered with the limited government-leaning Alaskan Independence Party for decades, until the party's dissolution late last year. Election officials had said voters registered with the party could change their affiliation but if they did not, they'd be shown as “undeclared.” Sullivan said he then was listed as undeclared until filing to run for office, when he registered as Republican.
He said he was motivated in part by his late father, whom he described as a “true, compassionate, conservative Republican.” He said if he had to label himself, it would be “a pragmatic Republican centrist” — similar to Alaska's senior U.S. senator, Lisa Murkowski, but “with touches of a Rand Paul Republican in there.”
He said he grew up in the Chicago area but was drawn to Alaska and put down roots nearly 50 years ago in Petersburg. The fishing community of about 3,400 in southeast Alaska's Tongass National Forest is known as “Little Norway” for its many residents with Scandinavian roots. He worked for the U.S. Forest Service before changing careers and becoming a teacher. He has since retired.
Like most communities in Alaska, Petersburg isn't connected to the state's main road system and is accessible only by air or water. Juneau, the nearest city, is about 45 minutes away by plane.
Petersburg sits on Mitkof Island, which is distinguished by mountains, thick stands of forest and boggy areas called muskeg. Sea lions hauled up on buoys and humpback whales and orcas are common sights off its shores.
Sullivan, who will turn 69 this weekend, passed on an interview request last Friday, he said, because the king salmon were running and he wanted to fish.
As far as his run for office, the challenger said he plans to do some fundraising and hopes to campaign in the state's larger cities, including Anchorage and Juneau, but he so far has no firm plans to do so and is working on the details.
He finds the current dustup over his Senate run — and the incumbent's reaction — a bit surprising.
“I guess my thought would be, ‘Dude, why don’t you just run your campaign?’ If you’ve got a strong record, run on your record. People will love you for it and you’ll be swept back into office,” he said Monday. “Why would he be concerned that a guy out of Petersburg is this huge threat?”
Sen. Dan Sullivan, R-Alaska, heads to a closed-door meeting with fellow Republicans, at the Capitol in Washington, Tuesday, June 2, 2026. (AP Photo/J. Scott Applewhite)
