After an ugly feud within ownership’s family that transpired after Peter Seidler’s death in 2023, the Padres are on the brink of being sold — and it’ll be a record deal.
José E. Feliciano, a private-equity billionaire, and his wife Kwanza Jones are “nearing a deal” to buy the San Diego team for around $3.9 billion, according to the Wall Street Journal.
That’d serve as an MLB record, topping Steve Cohen’s purchase of the Mets for $2.4 billion in 2020.
John Seidler, the Padres’ chairman and control person, announced in November that the ownership group was considering a potential sale.
“We will undertake this process with integrity and professionalism in a way that honors Peter’s legacy and love for the Padres and lays the foundation for the franchise’s long-term success,” Seidler said in a statement at the time. “During the process and as we prepare for the 2026 season, the Padres will continue to focus on putting every resource into winning a World Series championship. We remain fully committed to you, this team, and the San Diego community.”
