Major League Baseball has officially approved the landmark sale of the San Diego Padres to artist and investor Kwanza Jones and her husband, billionaire Jose E. Feliciano. The historic acquisition has drawn widespread attention across the sports and business worlds.
A historic record sale
The ownership team reached an agreement to acquire controlling interest of the Padres from the estate of late owner Peter Seidler at a record-setting MLB valuation of $3.9 billion.
MLB owners voted unanimously to approve the transfer of control clearing the final major hurdle for the deal.
Making history in sports
With the approval, Kwanza Jones becomes the first Black woman to hold a principal ownership stake in a Major League Baseball franchise. Her partner Feliciano becomes the second Latino majority owner in baseball history.
Championship ambitions
The new owners expressed immense pride during their introductory press conference at Petco Park. In a statement on their vision, Jones and Feliciano declared:
“Our ambition is clear: to bring a World Series championship to San Diego and build an enduring organization capable of competing for championships year after year.”
Community commitment
Beyond on-field success, the couple emphasized deep connection with the local fanbase. They added, “We intend to be engaged owners, bringing our energy, experience and perspective while working alongside the talented team already in place and investing ambitiously and thoughtfully in the Padres’ future. We are all in and committed to winning.”
Existing team leadership including General Manager A.J. Preller, will remain in place.
