MLB Approves Sale of San Diego Padres to José E. Feliciano and Kwanza Jones
The deal values the Padres at a record $3.9 billion and keeps CEO Erik Greupner and general manager A.J. Preller in place.
- Major League Baseball owners unanimously approved the sale of the San Diego Padres to an investor group led by Jose E. Feliciano and Kwanza Jones on Monday, August 17, 2026, at a record $3.9 billion valuation.
- The acquisition follows the 2023 passing of longtime Padres owner Peter Seidler, whose family initiated a sale last November after purchasing the franchise for $800 million in 2012.
- This deal sets an MLB-record valuation, surpassing the $2.42 billion Steve Cohen paid for the New York Mets in 2020, while Jones becomes the league's first Black majority owner.
- Padres CEO Erik Greupner and General Manager A.J. Preller will remain in charge of day-to-day operations, ensuring stability as the transaction awaits final closing in the coming weeks.
- Feliciano and Jones pledged to "bring a World Series championship to San Diego" and build an enduring organization, with an introductory news conference scheduled for Monday, August 24.
53 Articles
53 Articles
New York, Aug 17 (EFE).- The Major League Baseball (MLB) announced this Monday that it unanimously approved the sale of the San Diego Padres to a group of investors led by Puerto Rican businessman José E. Feliciano, who will be the "control person" of the team. In early May, the Fathers announced an agreement to sell the franchise to the investment group, which includes Feliciano's wife, Kwanza Jones, and which represents the most valuable trans…
The California franchise will pass into the hands of the group of investors led by José E. Feliciano and Kwanza Jones, who would assume majority control of the team with the aim of achieving the title of the World Series.
Los Angeles Times
Independent EspañolThe owners of the Major League Baseball teams unanimously approved the sale of the San Diego Fathers to a group of investors led by the billionaire of private capital, Boricua José E.
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