MLB approves sale of San Diego Padres to José E. Feliciano and Kwanza Jones

Major League Baseball's team owners unanimously approved the sale of the San Diego Padres to an investor group led by private equity billionaire José E. Feliciano and his wife Kwanza Jones on August 17, 2026. The pair had originally reached an agreement in May to purchase the franchise from the family of the late owner Peter Seidler at a record MLB valuation of $3.9 billion. MLB Commissioner Rob Manfred welcomed the new owners, highlighting their understanding of the Padres' significance to San Diego and its fanbase.