Padres' Minority Ownership Group A Mix Of Old, New Individuals

[Steve Drumwright]

While there are some holdovers retaining a piece of the San Diego Padres under new owners Jose E. Feliciano and Kwanza Jones, there are some new faces, too.

Among those staying on are Alfredo Harp Helu, whose previous stake in the Padres was around 20% but according to Dennis Lin of The Athletic, he is increasing that investment. Harp Helu's name is on the Mexico City stadium where the Padres and MLB have played. Members of the Seidler family, who sold the team to Feliciano and Jones for a record $3.9 billion with that transaction approved by MLB owners Monday, will also be sticking around, not an unusual move.

However, joining the ownership group are Behdad Eghbali, Feliciano's co-founder of private-equity firm Clearlake Capital, as well as Joey and Jesse Buss, the youngest children of the late Jerry Buss. Joey and Jesse Buss, perhaps coincidental, perhaps not, on Monday announced they were selling the family stake in the NBA's Los Angeles Lakers, which is being contested by sister Jeanie Buss.

Feliciano and Jones are expected to have about a 45% interest in the Padres. With the sale expected to close in the next few days following MLB's approval, the couple will be introduced Monday at 1 p.m. at Petco Park.

View full rumor