AP Wire
The family of late San Diego Padres owner Peter Seidler is nearing a sale of the team, a person with knowledge of the negotiations tells The Associated Press. The person spoke on condition of anonymity because the Padres aren’t commenting publicly on the process. The Wall Street Journal first reported the progress of a deal with private equity billionaire Jose E. Feliciano and his wife, Kwanza Jones. While the deal hasn’t been finalized, the team is expected to be sold for $3.9 billion, a record valuation for a Major League Baseball team.