{"id":11692,"date":"2026-05-03T12:00:49","date_gmt":"2026-05-03T12:00:49","guid":{"rendered":"https:\/\/www.euro-tv.ro\/news\/padres-strike-deal-to-sell-to-investor-group-led-by-private-equity-billionaire-vows-world-series-championship\/"},"modified":"2026-05-03T12:00:49","modified_gmt":"2026-05-03T12:00:49","slug":"padres-strike-deal-to-sell-to-investor-group-led-by-private-equity-billionaire-vows-world-series-championship","status":"publish","type":"post","link":"https:\/\/www.euro-tv.ro\/news\/padres-strike-deal-to-sell-to-investor-group-led-by-private-equity-billionaire-vows-world-series-championship\/","title":{"rendered":"Padres strike deal to sell to investor group led by private equity billionaire, vows World Series championship"},"content":{"rendered":"
\n

The San Diego Padres<\/a> are expected to come under new ownership soon.<\/p>\n

On Saturday, the MLB franchise reached an agreement to sell a controlling interest in the team to an investor group led by Puerto Rican businessman Jos\u00e9 E. Feliciano and his wife, Kwanza Jones.<\/p>\n

The family of late owner Peter Seidler, which makes up the Padres\u2019 current ownership group, confirmed the deal. The decision to offload the team comes three years after Seidler\u2019s death. John Seidler has served as the Padres\u2019 chairman since his brother died.<\/p>\n

The deal will not become official until it receives league approval. Last month, it was revealed that the Padres have a valuation of $3.9 billion<\/a>. Although a sale price was not specified in the announcement, given the valuation, the transaction is expected to set a record for the highest price paid for an MLB franchise, surpassing Steve Cohen\u2019s 2020 acquisition of the New York Mets for $2.42 billion.<\/p>\n

CLICK HERE FOR MORE SPORTS COVERAGE ON <\/strong><\/a>FOXNEWS.COM<\/strong><\/a><\/p>\n

Other members of the investor group were not named. In a joint statement, Jones and Feliciano “a unifying force” in San Diego and committed to building on the franchise’s foundation.<\/p>\n

HERE’S WHAT THE SAN DIEGO PADRES RECORD $3.9 BILLION SALE MEANS FOR MAJOR LEAGUE BASEBALL<\/strong><\/a><\/p>\n

“The Padres are more than a baseball team; they are a unifying force in San Diego, rooted in community, connection and belonging. As life and business partners, and as a family, we are honored to lead this next chapter together. We have worked hard for everything we have achieved, and we have built it together. We see that same spirit in this team and its fans, and we know what it takes to win. We are committed to showing up, listening and earning the trust of this community while building on the strong foundation established by the Seidler family.”<\/p>\n

The group added that its commitment encompasses both on-field success and meaningful community impact.<\/p>\n

“This is about more than baseball \u2014 it\u2019s about boosting the pride, energy, and connection that define the Padres, investing in community, deepening belonging and ensuring this team remains accessible and endures for generations. We are all in \u2014 with the goal of bringing a World Series championship to San Diego.”<\/p>\n

Peter Seidler joined the Padres\u2019 ownership group in 2012 when John Moores sold the team for $800 million to a group headed by Ron Fowler. Seidler took over and immediately endeared himself to San Diego\u2019s fans with his aggressive financial backing of general manager A.J. Preller.<\/p>\n

The Padres have been a hot ticket for several years as San Diego\u2019s only team in the four biggest North American sports leagues, ranking second in the MLB<\/a> in attendance last season.<\/p>\n

The Padres are off to a strong start, sitting second in the NL West at 19-13 entering Sunday afternoon\u2019s finale of a three-game series against the Chicago White Sox. The team has made the playoffs in four of the past six seasons.<\/p>\n

Feliciano is on track to become the second Latino owner in baseball, joining Los Angeles Angels<\/a> owner Arte Moreno.<\/p>\n

The Associated Press contributed to this report.<\/i><\/p>\n<\/div>\n

– FOX NEWS<\/p>\n

This article appeared on the website foxnews.com
\nThis article is taken based on Law no. 8\/1996 of Romania. News does not enjoy copyright, so they can be taken, this is our right to take news and information in its entirety and distribute them further. The content was made available to us through the rss mechanism
\nOriginal Content<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The San Diego Padres are expected to come under new ownership soon. On Saturday, the MLB franchise reached an agreement to sell a controlling interest in the team to an investor group led by Puerto Rican businessman Jos\u00e9 E. Feliciano and his wife, Kwanza Jones. 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