By R. Alexander Núñez
The MLB is on track to record the largest transaction in its history. San Diego Padres announced an agreement to sell the franchise to an investment group led by José E. Feliciano and Kwanza Jones, with a rating of $3.9 billion dollars, as reported by the Wall Street Journal.
The movement far exceeds the previous mark established in 2020, when Novel York Mets It was acquired for $2.4 billion. The deal, still subject to customary closing conditions, also requires official approval from the league at its next meeting scheduled for June.
From the organization, the right owner John Seidler confirmed the progress of the process through a statement. “I am excited that, after a very competitive process, Kwanza Jones and José E. Feliciano will become the next majority owners of the Padres,” he said.
The Padres announced the departure of the crew to José E. Feliciano and his accomplice, Kwanza Jones, contingent upon the approval of MLB householders.
Statements … pic.twitter.com/gXrUQLP0ga
— Alden González (@Alden_Gonzalez) Would possibly perchance perchance moreover merely 2, 2026
The purchasing group is led by Feliciano, an American businessman of Puerto Rican origin who also appears as co-owner of the Chelseawhile Jones has a career as an artist, entrepreneur and philanthropist in the United States.
A change amidst sporting results and sustained growth
The sale was carried out in a context of competitive stability for the franchise. The team has reached the postseason in four of the last six seasons, consolidating one of the most consistent periods in its recent history.
At the level of assistance, the impact has also been essential. Petco Park It has registered constant full houses, which translated into the second highest attendance in the entire league during the last two years, according to data shared by the club itself.
The sales process began in November, when the Seidler family decided to put the franchise on the market. The decision came three years after death of Peter Seidler, who had led the ownership group until that moment.
In financial terms, the evolution of the team’s value is significant. In 2012, the family acquired the Padres for $800 million, A figure that is now multiplied almost fivefold with the agreement reached.
On the field of play, the organization maintains a competitive performance in the current campaign. Currently, San Diego is in fifth position in the National League and occupies second place in its division, with a balance of 19 wins and 12 losses.
The operation would mark a new benchmark in the MLB, still pending formalization in the coming weeks.
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