Padres strike deal to sell to investor group led by private equity billionaire, vows World Series championship
The San Diego Padres have agreed to a sale of controlling interest to an investor group led by José E. Feliciano and Kwanza Jones, pending league approval. The deal values the franchise at $3.9 billion, setting a new record for an MLB team. The new owners pledged a commitment to on-field success, including a vow to win a World Series, and to strengthening the team's community ties in San Diego.
- ▪The investor group led by José E. Feliciano and Kwanza Jones will acquire a controlling interest in the San Diego Padres.
- ▪The sale, valued at $3.9 billion, is expected to be the most expensive in MLB history.
- ▪The transaction requires approval from Major League Baseball before it can be finalized.
- ▪The Seidler family, current owners of the Padres, confirmed the sale three years after Peter Seidler's death.
- ▪Feliciano and Jones pledged to build on the team’s foundation and emphasized community engagement and on-field success.
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San Diego Padres Padres strike deal to sell to investor group led by private equity billionaire, vows World Series championship The deal values the franchise at an MLB-record $3.9 billion and still requires league approval to finalize By Chantz Martin Fox News Published May 3, 2026 7:30am EDT Facebook Twitter Threads Flipboard Comments Print Email Add Fox News on Google close Video Do Yankees fans have a right to be concerned? | The Herd The New York Yankees have the 22nd-most optimistic fanbase in the MLB. Colin Cowherd asks if Yankees fans should be concerned or hopeful for the upcoming season. NEWYou can now listen to Fox News articles! The San Diego Padres are expected to come under new ownership soon.
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