Story perspectives

Padres’ Feliciano and Jones buy team for $3.9B

8/25/2026

Summary

Feliciano & Jones Acquire Padres

José E. Feliciano and Kwanza Jones became the San Diego Padres’ new majority owners.
They purchased the franchise for an MLB-record $3.9 billion.
Jones became the first Black woman to hold a majority stake in an MLB team.
They said their primary goal is winning a World Series for San Diego.
They pledged aggressive yet judicious investment and community engagement in San Diego and Baja.

Summary

Elo-Rivera Presses Owners

Councilmember Sean Elo-Rivera urged new owners to reset the Padres' relationship with City Hall.
Councilmember Sean Elo-Rivera asked them to address homelessness, neighborhood investment, worker compensation, and Petco Park costs.
Feliciano will serve as MLB-designated control person, giving him final decision authority.
The couple purchased roughly 45% of the team, nearly double Peter Seidler’s prior personal stake.
Feliciano’s net worth is estimated at $3.9 billion, ranking him 1,115th richest globally per Forbes.

History

Historical Context

In 2009 Jeff Moorad led a 12-investor group to purchase the San Diego Padres for roughly $500 million, beginning a five-year acquisition plan. By April 2026 the team entered another transition, as José E. Feliciano and Kwanza Jones agreed to buy it for $3.9 billion, illustrating how MLB franchise values have surged over two decades.

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Feliciano & Jones Acquire Padres

José E. Feliciano and Kwanza Jones became the San Diego Padres’ new majority owners.
They purchased the franchise for an MLB-record $3.9 billion.
Jones became the first Black woman to hold a majority stake in an MLB team.
They said their primary goal is winning a World Series for San Diego.
They pledged aggressive yet judicious investment and community engagement in San Diego and Baja.

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