POLISCOPE
Back to feed
NewsTimes of San DiegoAugust 17, 2026San Diego

MLB owners approve sale of San Diego Padres to new ownership group

Major League Baseball owners unanimously approved the sale of the San Diego Padres to a new ownership group led by José E. Feliciano and Kwanza Jones. The transaction, which sets a record valuation for the franchise, transfers control of the team to the new investors.

sportsbusinessSan Diego PadresMLB
Read the full story at Times of San Diego

Why It Matters

The change in ownership marks a shift in the leadership and financial management of the San Diego Padres, impacting the team's future investment strategies and operations.

Key Facts

  • The sale of the San Diego Padres was approved by a unanimous vote of the 30 MLB owners.
  • The new ownership group is led by José E. Feliciano and Kwanza Jones.
  • The transaction is valued at a record amount for the franchise.

Who's Mentioned

locationPetco Park“Home stadium of the Padres”organizationSan Diego Padres“Professional baseball team”personRob Manfred“MLB Commissioner”personPeter Seidler“Former owner of the Padres who passed away in 2023”organizationClearlake Capital Group“Private equity firm co-founded by Feliciano”personJosé E. Feliciano“Lead owner of the new group purchasing the Padres”personKwanza Jones“Lead owner of the new group purchasing the Padres”organizationChelsea FC“English football club co-owned by Feliciano”organizationMLB“The league that approved the sale.”