MLB makes the sale of the San Diego Padres official
Major League Baseball (MLB) has unanimously greenlit the transaction transferring ownership of the San Diego Padres to a new investment group. Puerto Rican-born businessman José E. Feliciano has been designated as the franchise’s control person, marking a significant milestone in the organization’s history.
The agreement, which was forged at the beginning of May, represents one of the highest financial operations within the Major Leagues, reaching a figure close to 3.9 billion dollars. Along with Feliciano, the group includes his wife, Kwanza Jones, who joins this ambitious sports project.
A future with a championship vision
Following official approval, the team reported that the ownership transition process will be completed in the coming days. Subsequently, a press conference will be held at Petco Park to formally introduce the new owners to the media and the fanbase.
Our ambition is clear: to bring a World Series championship to San Diego and build a solid organization capable of competing for championships year after year.
José E. Feliciano and Kwanza Jones
In their official statement, the new owners highlighted their desire to integrate into the Padres family with a long-term vision, focused on competitive excellence and commitment to the San Diego community.
Transition context
- José E. Feliciano has previous experience in sports management, being a co-owner of Chelsea.
- Kwanza Jones is recognized for her career as an artist, entrepreneur, and philanthropist.
- The franchise was originally acquired by the Seidler family in 2012 for 800 million dollars.
- The sale process began last November, following the passing of Peter Seidler, who was the principal owner.
In terms of sports, the San Diego Padres are going through a positive moment in the current season, remaining competitive in the National League with a solid record of 19 wins and 12 losses, positioning themselves in second place in their division.
