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Feliciano and Jones buy Padres for record $3.9 billion

5/22/2026

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Summary

Story summary

José E. Feliciano and Kwanza Jones agreed to buy the San Diego Padres for $3.9 billion, beating the MLB record of $2.4 billion set by Steve Cohen’s 2020 Mets purchase.
The deal requires a 75% owners vote at a June 2026 meeting, after which Feliciano of Clearlake Capital will control the team.
Feliciano and Jones pledged to keep the Padres in San Diego, invest in the community, and pursue a World Series title.

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Story summary

José E. Feliciano and Kwanza Jones agreed to buy the San Diego Padres for $3.9 billion, beating the MLB record of $2.4 billion set by Steve Cohen’s 2020 Mets purchase.
The deal requires a 75% owners vote at a June 2026 meeting, after which Feliciano of Clearlake Capital will control the team.
Feliciano and Jones pledged to keep the Padres in San Diego, invest in the community, and pursue a World Series title.