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San Diego Padres reportedly set for MLB-record $3.9bn sale to Chelsea co-owner

about 5 hours ago
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The San Diego Padres are nearing a sale to a group led by José E Feliciano, co-founder of private equity firm Clearlake Capital and co-owner of Chelsea FC, and his wife, Kwanza Jones, for a Major League Baseball-record $3,9bn, according to multiple reports,The Wall Street Journal and the Athletic reported on Friday that the group was closing in on a deal,The sale requires approval by 75% of MLB’s 30 owners,The reported price would surpass the $2.

42bn Steve Cohen paid for the New York Mets in 2020.Everton owner Dan Friedkin, Detroit Pistons owner Tom Gores and Golden State Warriors owner Joe Lacob were the other reported finalists.The deal would mark the end of a contentious process that began when the Seidler family, who have owned the Padres since 2012, announced in November they were exploring a sale of the team.After the death of chair Peter Seidler in 2023, his widow Sheel Seidler sued her brothers-in-law to in an attempt to prevent another brother, John, from taking control of the team instead of her.Sheel Seidler dismissed the bulk of her claims earlier this year, and John Seidler currently serves as San Diego’s control person.

Feliciano, whose net worth is an estimated $3.9bn, and Clearlake Capital own more than 60% of Chelsea.The ownership group also includes Mark Walter, Todd Boehly and Hansjorg Wyss.The Padres have made the playoffs in four of their last six seasons and reached the National League Championship Series in 2022.The record sale price is likely to be a talking point in baseball’s upcoming labor negotiations.

The collective bargaining agreement expires 1 December.The owners are expected to push to implement a salary cap, but the MLB Players Association has argued that franchise valuations are continuing to rise without a cap.The average MLB franchise is worth $2.95bn, up 13% year-over-year, according to valuations released last month by CNBC.The New York Yankees led at $9bn, followed by the Los Angeles Dodgers ($8bn), who are co-owned by Boehly and Walter.

The most recent sale of an MLB team was the Tampa Bay Rays last year for $1,7bn,
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How to turn old bread into a brilliant Italian cake – recipe | Waste not

Old sourdough is my secret ingredient. To stop it going mouldy, I take it out of any plastic packaging and keep it in the bread bin with plenty of airflow around it – that way, it will dry out slowly, rather than turning mouldy. Any odds and ends, meanwhile, I store in a cloth bag to use in various dishes, from pangrattato (or poor man’s parmesan) to strata, a savoury bread-and-butter pudding.My new favourite recipe discovery for using up stale bread is today’s torta paesana, or village cake, from Lombardy. The best way I can come up with to describe it is that it’s a bit like a firm baked custard

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Vegemite is recognised globally – but how many people know Milo was invented in Australia?

The chocolate malt powder is sold in more than 40 countries, and Australian cafe owners say there’s ‘jingoistic pride’ in serving it on their menusGet our weekend culture and lifestyle emailWhen I order the jumbo-sized Milo Godzilla at Ho Jiak in Sydney’s Haymarket, it arrives as advertised – it’s comically large. The Malaysian restaurant prepares the drink by swirling Milo powder with hot water, adding sweet drizzles of condensed milk then chilling the mix with ice. Scoops of ice-cream are added and extra choc-malt powder is showered on top. Served in a one-litre jug, it’s so big I can’t finish it solo: staff hand me three takeaway cups to transport the leftovers.Like many beloved Milo drinks, the Godzilla is native to south-east Asia

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What can I do with leftover rice? | Kitchen aide

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José Pizarro’s recipe for nettle (or wild garlic) and goat’s cheese tortilla

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Gone from shop shelves, but not forgotten | Letters

How lucky for Adrian Chiles that he didn’t live in the German Democratic Republic (Rose’s Lime Marmalade? Gone. Dark chocolate Bounty? No more. But what about their heartbroken fans?, 8 April). After reunification, there were street markets selling the last of products from the old days, and there was an exhibition in a national museum – memorably called “They’ve even taken our tomato ketchup” – lamenting the loss of many food products and other features of former times, such as children’s TV programmes.Derek JanesDuns, Scottish Borders Can Adrian Chiles tell me where to find Halls’ chocolate sour lemons? Maybe they stopped being made because they turned your tongue black, but they tasted great

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Senate Democrats move to stall Trump’s ‘absurd’ bid to install new Fed chair

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Next chief Simon Wolfson paid record £7.4m – and could get far more this year

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It will take more than £600m a year to boost UK industrial competitiveness | Nils Pratley

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IMF chief Georgieva warns ‘everyone will feel the impact’ of energy price shock, as UK growth beats forecasts – as it happened

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Metro Bank boss handed record £2.6m a year after slashing 1,000 jobs

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