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Kwanza Jones Leads $3.9B Padres Deal, First Black Woman Owner

5/6/2026

46 8 Full Breakdown

Summary

Story summary

Kwanza Jones and José E. Feliciano will buy the San Diego Padres for $3.9 billion.
Jones would become Major League Baseball (MLB)’s first Black woman majority owner.
The sale needs 22 of 30 MLB clubs to approve it in June and requires Securities and Exchange Commission (SEC) review and San Diego sign-off.
Transition is expected around the All-Star break as the Padres were 19-12 and owners target a World Series title.

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Story summary

Kwanza Jones and José E. Feliciano will buy the San Diego Padres for $3.9 billion.
Jones would become Major League Baseball (MLB)’s first Black woman majority owner.
The sale needs 22 of 30 MLB clubs to approve it in June and requires Securities and Exchange Commission (SEC) review and San Diego sign-off.
Transition is expected around the All-Star break as the Padres were 19-12 and owners target a World Series title.