Back to today’s briefing

Story perspectives

MLB Approves Padres Sale for $3.9 Billion

8/26/2026

39 6 Full Breakdown

Summary

Story summary

Kwanza Jones and José E. Feliciano purchased the San Diego Padres for $3.9 billion, becoming majority owners.
The sale was approved by a unanimous MLB vote on Aug. 17 after the Seidler family’s agreement.
Jones is MLB’s first Black female majority owner and Feliciano its first Puerto Rican majority owner.
They pledged to invest ambitiously while respecting the team’s financial limits and to honor Peter Seidler’s legacy.

History

Historical Context

Women entered MLB ownership in 1911 when Helene Hathaway Britton attended a league meeting, and Joan Whitney Payson later bought a team outright. Marge Schott broke the purchase barrier in 1984, acquiring the Cincinnati Reds for $11 million. In 2024 Kwanza Jones and José E. Feliciano purchased the San Diego Padres for $3.9 billion, becoming the first Black female and Puerto Rican franchise owners.

1 of 2

Story summary

Kwanza Jones and José E. Feliciano purchased the San Diego Padres for $3.9 billion, becoming majority owners.
The sale was approved by a unanimous MLB vote on Aug. 17 after the Seidler family’s agreement.
Jones is MLB’s first Black female majority owner and Feliciano its first Puerto Rican majority owner.
They pledged to invest ambitiously while respecting the team’s financial limits and to honor Peter Seidler’s legacy.

1 / 2