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last mo.

Padres Sold for a Record $3.9 Billion as Kwanza Jones and José E. Feliciano Assume Control

The record transfer gives the new owners control, signaling a push for the franchise’s first World Series and promises of expanded community investment.

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Aug 23, 2026; San Diego, California, USA; San Diego Padres right fielder Fernando Tatis Jr. (23) is congratulated by third baseman Manny Machado (13) after hitting a solo home run during the eighth inning against the Minnesota Twins at Petco Park. Mandatory Credit: Denis Poroy-Imagn Images
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An image collage containing 3 images, Image 1 shows New San Diego Padres owners José E. Feliciano and Kwanza Jones speak to the media, Image 2 shows San Diego Padres CEO Erik Greupner, Kwanza Jones, and José E. Feliciano at a news conference, Image 3 shows Woman wearing an orange headwrap, denim jacket, and a Padres pin, smiling with hands raised

Overview

  • The sale closed and the couple formally took control on Friday after Major League Baseball owners unanimously approved the $3.9 billion transaction that included 30% of Petco Park.
  • Reporting estimates roughly $1.7 billion of the purchase came from Kwanza Jones and José E. Feliciano personally, making this the highest valuation for an MLB franchise to date.
  • At an introductory Petco Park news conference they pledged to pursue San Diego’s first World Series while preserving day-to-day leadership under CEO Erik Greupner and President of Baseball Operations A.J. Preller.
  • The Seidler family arranged pre-transfer bonuses for all full- and part-time Padres employees, and the new owners said they will be aggressive on player moves when appropriate but will evaluate spending year by year to protect the team’s long-term health.
  • The transaction follows the Seidler family’s decision to explore a sale after internal succession disputes and arrives as the Padres are in a late-season playoff push, a context the owners said informs immediate priorities on and off the field.