The sale of the San Diego Padres has been unanimously approved by the other owners of MLB ballclubs, as announced by the league on Monday. Although the transaction is contingent upon its closure, which is expected within the next few weeks, the new ownership group is already making waves with their ambitious plans for the team.

New Ownership Group Led by Jose E. Feliciano and Kwanza Jones

The Padres were previously run by Peter Seidler until his passing in 2023. Following his death, control of the team fell to his family. In a statement, Commissioner Rob Manfred expressed his gratitude to the Seidler family for their stewardship of the San Diego Padres, acknowledging their significant contributions to the team’s success and their commitment to the national pastime.

Manfred welcomed the new majority owners, Jose E. Feliciano and Kwanza Jones, saying, ‘José and Kwanza understand the unique place the Padres hold in San Diego and the powerful bond between the club and its fans.’ The new owners are eager to build on the team’s strong foundation and are committed to delivering a first-class experience for fans at Petco Park.

The sale of the Padres came with a record-breaking valuation of $3.9 billion, surpassing the previous record of $2.4 billion set by Steve Cohen’s purchase of the New York Mets. In comparison, the Seidler-led group bought the Padres for $800 million in 2012.

Ambition to Bring World Series Championship to San Diego

The new owners have set their sights on bringing a World Series championship to San Diego, a goal that is deeply personal to them. The Padres are one of five current MLB franchises to have never won the title, along with the Rays, Mariners, Brewers, and Rockies.

Jose E. Feliciano and Kwanza Jones stated, ‘We are a family first, and becoming owners of the San Diego Padres means joining an even larger one. We are grateful to the Seidler family, and especially to Peter, for raising the expectations of what this franchise can achieve.’ They emphasized their commitment to pursuing excellence and innovation throughout the organization, investing ambitiously and thoughtfully in the Padres’ future.

With their sights set on a World Series championship, the new owners are ready to take the team to the next level. Their ambition is clear: to build an enduring organization capable of competing for championships year after year.

Padres’ Current Performance

On the field, the Padres are playing excellent baseball right now. They’ve won 17 of their last 22 games and are tied with the Phillies for both the second wild-card spot. The team begins a series against the Mets in New York on Monday night, marking the start of a new chapter in their journey to bring a World Series championship to San Diego.