The San Diego Padres have agreed to sell control of the franchise to an investor group led by Kwanza Jones and José E. Feliciano, the team announced Saturday.
$3.9 Billion Deal Awaits Approval
The sale, which still requires approval from Major League Baseball, is reportedly valued at a record $3.9 billion. Details about the full investor group were not disclosed.
New Era for San Diego
Jones and Feliciano said they aim to build on the Padres’ strong foundation while investing in the community and pursuing a World Series title for San Diego.
The team has been owned by the family of late owner Peter Seidler, who died in 2023. His brother, John Seidler, has overseen operations and expressed confidence in the new ownership group.
Team Momentum Continues
The Padres remain one of baseball’s top-drawing teams and are off to a strong start this season, continuing recent success that includes multiple playoff appearances.
Feliciano is set to become one of the few Latino majority owners in MLB, marking a notable milestone for diversity in baseball ownership.
For more on this story, stay tuned to Que Onda Magazine.