Padres announce agreement to sell team to investor group led by Kwanza Jones and José E. Feliciano
Summary
The San Diego Padres have agreed to sell control of the team to an investor group led by Kwanza Jones and José E. Feliciano. The deal, valued at a record $3.9 billion, still needs approval from Major League Baseball.Key Facts
- The Padres reached an agreement to sell to an investor group headed by Kwanza Jones and José E. Feliciano.
- The sale price is an MLB-record $3.9 billion.
- The deal must be approved by Major League Baseball before it is final.
- The late Peter Seidler’s family announced the sale; Peter Seidler was the primary owner since 2020.
- John Seidler, Peter’s brother, has been the team chairman and supports the sale.
- Jones and Feliciano emphasize commitment to the community and winning a World Series for San Diego.
- Feliciano will be the second Latino owner in Major League Baseball.
- The Padres are one of the most popular teams, with strong attendance and playoff appearances in recent years.
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