San Diego Padres Sold for Record $3.9 Billion to New Ownership Group Led by Feliciano and Jones
Major League Baseball owners have unanimously approved the sale of the San Diego Padres to a new ownership group led by Jose Feliciano and Kwanza Jones. The sale, valued at a record $3.9 billion, marks the end of the Seidler…
San Diego, CA, August 17, 2026 —
Major League Baseball owners have unanimously approved the sale of the San Diego Padres to a new ownership group spearheaded by Jose Feliciano and Kwanza Jones. The transaction, finalized at a record-breaking $3.9 billion, signals a significant shift in the franchise’s leadership and ushers in a new chapter for the club.
This landmark sale concludes the ownership tenure of the Seidler family, whose relationship with the team spanned several decades. The approval by all MLB owners underscores the significant nature of the deal and the confidence in the incoming ownership.
Feliciano and Jones, who also hold co-ownership stakes in the English football club Chelsea FC, have expressed a strong commitment to the Padres’ future. Their stated objective is to make the team
Story summarized from the original created by Barry M. Bloom • Special to Times of San Diego on timesofsandiego.com, see more information here.
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