US EditionPadres Announce Agreement to Sell Team to Investor Group Led by Kwanza Jones and José E. Feliciano
The deal values the Padres at an MLB-record $3.9 billion and still needs league approval, officials said.
- On Saturday, the San Diego Padres announced the franchise's sale to an investor group led by Kwanza Jones and José E. Feliciano. The deal, valued at an MLB-record $3.9 billion, awaits final approval from Major League Baseball.
- Following the death of popular owner Peter Seidler, the Seidler Family initiated the sale process last November, about two years after his passing. Padres Chairman John Seidler has overseen the franchise since that time.
- Jones and Feliciano are expected to hold about 40% equity stake in the team. This deal surpasses the New York Mets' $2.4 billion sale in 2020, marking the most expensive transaction in Major League Baseball history.
- The Padres announced the team "will continue to operate in the ordinary course throughout the MLB approval process." No changes to day-to-day business operations will result from Saturday's announcement.
- Feliciano becomes the second Latino owner in baseball, joining Los Angeles Angels owner Arte Moreno. The ownership group stated their "goal of bringing a World Series championship to San Diego.
43 Articles
43 Articles
José E. Feliciano, co-owner of Chelsea FC, and Kwanza Jones, lead the investment group that would buy from the parents
San Diego Padres to sell team to investor group led by Kwanza Jones and José E. Feliciano, who will become the second Latino owner in baseball
The San Diego Padres have reached an agreement to sell control of the team to an investor group led by Kwanza Jones and José E. Feliciano. The family of late owner Peter Seidler formally announced the deal Saturday. The sale must still be approved by Major League Baseball. The deal with private equity billionaire Feliciano and his wife took shape last month at an MLB-record valuation of $3.9 billion. The Padres’ announcement of the deal didn’t g…
Padres confirm sale to Feliciano and Jones group: 'We are all in'
The San Diego Padres confirmed on Saturday that they would be sold to a new ownership group led by billionaire José Feliciano and his wife Kwanza Jones. “This is about more than baseball,” the couple said in a statement. “It’s about boosting the pride, energy, and connection that define the Padres, investing in community, deepening belonging, and ensuring this team remains accessible and endures for generations. We are all in — with the goal of …
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