Padres agree to sale led by Feliciano, Jones investor group
The San Diego Padres reached an agreement Saturday to sell a controlling interest to an investor group led by Puerto Rican businessman José E. Feliciano and his wife, Kwanza Jones. The family of late owner Peter Seidler, the current ownership group, confirmed the deal three years after his death. John Seidler has served as chairman since his brother died.
The transaction awaits MLB approval. The Padres carry a $3.9 billion valuation disclosed last month, and the sale is expected to exceed Steve Cohen's $2.42 billion purchase of the New York Mets in 2020, setting a record for an MLB franchise. Feliciano, a private equity executive, would become the second Latino principal owner in baseball after Los Angeles Angels owner Arte Moreno.
Peter Seidler joined the Padres ownership in 2012 after John Moores sold the team for $800 million to a group led by Ron Fowler. Seidler backed general manager A.J. Preller with aggressive spending, helping the Padres rank second in MLB attendance last season and reach the playoffs in four of the past six years. The team entered Sunday second in the NL West at 19-13.
In a joint statement, Feliciano and Jones described the Padres as a unifying force in San Diego and pledged commitment to on-field success, including a World Series title, alongside community investment.
