NewsNBC 7 San Diego — Local NewsAugust 24, 2026San Diego
New San Diego Padres owners outline investment and championship goals
Jose E. Feliciano and Kwanza Jones have officially taken ownership of the San Diego Padres after purchasing the franchise and a 30% stake in Petco Park for a record $3.9 billion. The new owners pledged to prioritize long-term team health while remaining aggressive in player acquisition to pursue a World Series title.
Read the full story at NBC 7 San Diego — Local NewsWhy It Matters
The change in ownership impacts the financial strategy, community engagement, and competitive direction of a major local institution that serves as a pillar of the San Diego community.
Key Facts
- The new ownership group purchased the San Diego Padres and a 30% stake in Petco Park for a record $3.9 billion.
- Feliciano and Jones personally contributed an estimated $1.7 billion toward the purchase.
- The ownership transition was officially completed on Friday night.
- The new owners have pledged to maintain the team's community engagement and honor the legacy of the late Peter Seidler.
- Spending on player payroll will be evaluated annually based on team performance and the MLB landscape.
- The owners expressed a commitment to investing in the team, the stadium, and the city while maintaining long-term financial health.
- Feliciano selected jersey number 21 to honor Roberto Clemente; Jones selected double zero to represent 'zero limits'.
Who's Mentioned
locationPetco Park“Home stadium of the San Diego Padres”organizationSan Diego Padres“MLB baseball team”personRoberto Clemente“Puerto Rican baseball legend honored by Feliciano's jersey number”personPeter Seidler“Late former owner of the San Diego Padres”personJose E. Feliciano“New co-owner of the San Diego Padres”personKwanza Jones“New co-owner of the San Diego Padres”